DJ Analysts See U.S. Natural-Gas Inventories Rising 84 Billion Cubic Feet
By Timothy Puko
Analysts and traders expect government data scheduled for release Thursday to
show natural-gas inventories grew 71% more than their average addition for this
time of year.
The U.S. Energy Information Administration is expected to report that gas
storage levels rose by 84 billion cubic feet during the week ended Aug. 1,
according to the average forecast of 21 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. 1 week, the median estimate is for an addition of 84 bcf.
Estimates range from an increase of 79 bcf to an increase of 90 bcf.
The estimate for Aug. 1 is more than the 90 bcf added to storage for the same
week last year and the 49-bcf five-year average injection for that week.
If the storage estimate is correct, inventories as of Aug. 1 totaled 2.4
trillion cubic feet, 18% below levels from a year ago and 20% below the
five-year average for the same week.
Write to Timothy Puko at tim.puko@wsj.com
Subscribe to WSJ: <a href="http://online.wsj.com?mod=djnwires">http://online.wsj.com?mod=djnwires</a>
(END) Dow Jones Newswires
August 06, 2014 13:16 ET (17:16 GMT)
Copyright (c) 2014 Dow Jones & Company, Inc.
080614 17:16 -- GMT
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