DJ Analysts See 77 Billion Cubic Feet Added to U.S. Natural Gas Inventories
By Timothy Puko
Analysts and traders expect government data scheduled for release Thursday to
show natural gas inventory additions were a third larger last week than they
usually are at that time of year.
The U.S. Energy Information Administration is expected to report that storage
levels rose by 77 billion cubic feet of gas during the week ended Aug. 22,
according to the average forecast of 19 analysts and brokers 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. 22 week, the median estimate is for an addition of 78 bcf.
Estimates range from an increase of 73 bcf to an increase of 83 bcf.
The estimate for Aug. 22 is more than the 65 bcf added to storage for the
same week last year and the 58-bcf five-year average injection for that week.
If the storage estimate is correct, inventories as of Aug. 22 totaled 2.6
trillion cubic feet, 16% below levels from a year ago and 16% 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 27, 2014 11:55 ET (15:55 GMT)
Copyright (c) 2014 Dow Jones & Company, Inc.
082714 15:55 -- GMT
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