DJ Analysts See 82-Billion-Cubic-Feet Addition to U.S. Natural Gas Inventories
By Timothy Puko
Analysts and traders expect government data scheduled for release Thursday to show natural gas inventories rose by a
third more than average for this time of year.
The U.S. Energy Information Administration is expected to report that storage levels rose by 82 billion cubic feet of
gas during the week ended Sept. 5, according to the average forecast of 17 analysts 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 Sept. 5 week, the median estimate is for an addition of 85 bcf. Estimates range from an increase of 65 bcf to
an increase of 89 bcf.
The estimate for Sept. 5 is more than the 64 bcf added to storage for the same week last year and the 60-bcf
five-year average injection for that week.
If the storage estimate is correct, inventories as of Sept. 5 totaled 2.8 trillion cubic feet, 14% below levels from
a year ago and 14% below the five-year average for the same week.
Write to Timothy Puko at tim.puko@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwireshttp://online.wsj.com?mod=djnwires">http://online.wsj.com?mod=djnwires
>
(END) Dow Jones Newswires
September 10, 2014 12:24 ET (16:24 GMT)
Copyright (c) 2014 Dow Jones & Company, Inc.
091014 16:24 -- GMT
------
No comments:
Post a Comment