DJ Analysts See 47 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 by far
less than average for this time of year
The U.S. Energy Information Administration is expected to report that storage levels grew by 47 billion-cubic feet of
gas during the week ended June 24, according to the average forecast of 18 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 June 24 week, the median estimate is for an increase of 46 bcf. Estimates range from an increase of 42 bcf to
an addition of 61 bcf.
The estimate for June 24 compares to 73 bcf added to storage in the same week last year and a five-year average
addition of 78 bcf for that week.
If the storage estimate is correct, inventories as of June 24 totaled 3 trillion cubic feet, 18% above levels from a
year ago and 21% above the five-year average for the same week.
Write to Timothy Puko at tim.puko@wsj.com
(END) Dow Jones Newswires
June 29, 2016 14:18 ET (18:18 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
062916 18:18 -- GMT
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