DJ Analysts See 86 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 40%
more than the five-year average for that time of the year.
The U.S. Energy Information Administration is expected to report that storage levels grew by 86 billion cubic feet of
gas during the week ended Aug. 28, 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 Aug. 28 week, the median estimate is for an addition of 85.5 bcf. Estimates range from an addition of 76 bcf
to an addition of 95 bcf.
The estimate for Aug. 28 compares to 79 bcf added to storage for the same week last year and the 60-bcf five-year
average addition for that week.
If the storage estimate is correct, inventories as of Aug. 28 totaled 3.2 trillion cubic feet, 18% above levels from
a year ago and 3.7% 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
September 02, 2015 16:06 ET (20:06 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
090215 20:06 -- GMT
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