DJ Analysts See 55 Billion-Cubic Feet Add to U.S. Natural-Gas Inventories
By Timothy Puko
Analysts expect government data scheduled for release Thursday to show natural-gas inventories last week rose by
about a seventh more than their five-year average for that time of the year.
The U.S. Energy Information Administration is expected to report that storage levels grew by 55 billion cubic feet of
gas during the week ended Aug. 7, 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. EDT.
For the Aug. 7 week, the median estimate is for an addition of 56 bcf. Estimates range from an addition of 48 bcf to
an addition of 59 bcf.
The estimate for Aug. 7 compares to 79 bcf added to storage for the same week last year and the 48-bcf five-year
average addition for that week.
If the storage estimate is correct, inventories as of Aug. 7 totaled 3 trillion cubic feet, 21% above levels from a
year ago and 2.4% above 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
August 12, 2015 13:58 ET (17:58 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
081215 17:58 -- GMT
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