Dow Jones Analysts' Estimates For Tomorrow's EIA Weekly Storage Report

DJ Analysts See 43-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
14% less than they usually do this time of year.

  The U.S. Energy Information Administration is expected to report that storage levels fell by 43 billion cubic feet of
gas during the week ended Nov. 28, according to the average forecast of 16 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 Nov. 28 week, the median estimate is for a drop of 40.5 bcf. Estimates range from a decline of 23 bcf to a
decline of 77 bcf.

  The estimate for Nov. 28 is less than the 141 bcf drained from storage for the same week last year and the 50-bcf
five-year average drain for that week.

  If the storage estimate is correct, inventories as of Nov. 28 totaled 3.4 trillion cubic feet, 6.8% below levels from
a year ago and 10% 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 03, 2014 14:10 ET (19:10 GMT)

  Copyright (c) 2014 Dow Jones & Company, Inc.

120314 19:10 -- GMT
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