DJ Analysts See 117-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 made
additions 43% larger than average for this time of year.
The U.S. Energy Information Administration is expected to report that storage levels grew by 117 billion cubic feet
of gas during the week ended May 8, according to the average forecast of 18 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 May 8 week, the median estimate is for an addition of 116 bcf. Estimates range from an addition of 99 bcf to
an addition of 135 bcf.
The estimate for May 8 compares to 101 bcf added to storage for the same week last year and the 82-bcf five-year
average addition for that week.
If the storage estimate is correct, inventories as of May 8 totaled 1.9 trillion cubic feet, 66% above levels from a
year ago and 1.7% 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
May 13, 2015 14:22 ET (18:22 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
051315 18:22 -- GMT
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