DJ Analysts See 86 Billion-Cubic-Feet Addition to U.S. Natural-Gas Inventories
By Timothy Puko
Analysts expect government data scheduled for release Thursday to show natural-gas inventories last week rose about
12% less than their average rise for this time of year.
The U.S. Energy Information Administration is expected to report that storage levels grew by 86 billion cubic feet of
gas during the week ended May 27, according to the average forecast of 13 analysts, brokers and traders surveyed by The
Wall Street Journal.
The EIA is scheduled to release its storage data for the week on Thursday at 10:30 a.m. EDT.
For the May 27 week, the median estimate is for an increase of 84 bcf. Estimates range from an increase of 79 bcf to
an addition of 96 bcf.
The estimate for May 27 compares to 126 bcf added to storage in the same week last year and a five-year average
addition of 98 bcf for that week.
If the storage estimate is correct, inventories as of May 27 totaled 2.6 trillion cubic feet, 20% above levels from a
year ago and 23% above the five-year average for the same week.
Write to Timothy Puko at tim.puko@wsj.com
(END) Dow Jones Newswires
June 01, 2016 19:19 ET (23:19 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
060116 23:19 -- GMT
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