DJ Analysts See Rise of 83 Billion Cubic Feet in U.S. Natural Gas Inventories
By Timothy Puko
Analysts and traders expect government data scheduled for release Thursday to
show natural gas inventories nearly doubled their average addition for this
time of year.
The U.S. Energy Information Administration is expected to report that storage
levels rose by 83 billion cubic feet of gas during the week ended Aug. 8,
according to the average forecast of 19 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 Aug. 8 week, the median estimate is for an addition of 82 bcf.
Estimates range from an increase of 76 bcf to an increase of 87 bcf.
The estimate for Aug. 8 is more than the 70 bcf added to storage for the same
week last year and the 45 bcf five-year average increase for that week.
If the storage estimate is correct, inventories as of Aug. 8 totaled 2.5
trillion cubic feet, 18% below levels from a year ago and 19% below the
five-year average for the same week.
Write to Timothy Puko at tim.puko@wsj.com
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(END) Dow Jones Newswires
August 13, 2014 13:44 ET (17:44 GMT)
Copyright (c) 2014 Dow Jones & Company, Inc.
081314 17:44 -- GMT
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