DJ Analysts Expect 66 Billion-Cubic Foot Add to U.S. Natural Gas Stocks
By Timothy Puko
Analysts expect government data scheduled for release on Thursday to show natural-gas inventories last week rose
about a quarter 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 66 billion cubic feet of
gas during the week ended June 10, according to the average forecast of 20 analysts, brokers and traders surveyed by
The Wall Street Journal.
The EIA is scheduled to release its storage data for the week at 10:30 a.m. EDT.
For the June 10 week, the median estimate is for an increase of 66 bcf. Estimates range from an increase of 60 bcf to
an addition of 70 bcf.
The estimate for June 10 compares with 96 bcf added to storage in the same week last year and a five-year average
addition of 87 bcf for that week.
If the storage estimate is correct, inventories as of June 10 totaled 3 trillion cubic feet, 26% above levels from a
year ago and 30% above the five-year average for the same week.
--Write to Timothy Puko at tim.puko@wsj.com
(END) Dow Jones Newswires
June 15, 2016 14:28 ET (18:28 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
061516 18:28 -- GMT
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