By Timothy Puko
Analysts and traders expect government data scheduled for release on Thursday to show natural-gas inventories in the
U.S. shrunk by nearly double their average for this time of year.
The U.S. Energy Information Administration is expected to report that gas storage levels fell by 225 billion cubic
feet during the week ended Feb. 27, according to the average forecast of 15 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 Feb. 27 week, the median estimate is for a drop of 225 bcf. Estimates range from a decline of 195 bcf to a
decline of 248 bcf.
The estimate for Feb. 27 is more than the 144 bcf drained from storage for the same week last year, and the 115-bcf
five-year average drain for that week.
If the storage estimate is correct, inventories as of Feb. 27 totaled 1.7 trillion cubic feet, 41% above levels from
a year ago and 7.5% 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
March 04, 2015 14:03 ET (19:03 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
030415 19:03 -- GMT
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