DJ Analysts See 61-Billion-Cubic-Feet Drop in U.S. Natural Gas Inventories
By Timothy Puko
Analysts and traders expect government data scheduled for release Thursday to show natural gas inventories shrunk by
less than half of their average decline this time of year.
The U.S. Energy Information Administration is expected to report that storage levels fell by 61 billion cubic feet of
gas during the week ended Dec. 12, according to the average forecast of 19 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. EST.
For the Dec. 12 week, the median estimate is for a drop of 61 bcf. Estimates range from a decline of 54 bcf to a
decline of 78 bcf.
The estimate for Dec. 12 is less than the 256 bcf drained from storage for the same week last year and the 157-bcf
five-year average drain for that week.
If the storage estimate is correct, inventories as of Dec. 15 totaled 3.3 trillion cubic feet, 0.3% below levels from
a year ago and 7.2% 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
December 17, 2014 12:26 ET (17:26 GMT)
Copyright (c) 2014 Dow Jones & Company, Inc.
121714 17:26 -- GMT
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