DJ Analysts See 97 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 nearly
a fifth more than their five-year average increase for that time of the year.
The U.S. Energy Information Administration is expected to report that storage levels grew by 97 billion cubic feet of
gas during the week ended Sept. 18, 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 Sept. 18 week, the median estimate is for an addition of 97.5 bcf. Estimates range from an addition of 89 bcf
to an addition of 108 bcf.
The estimate for Sept. 18 compares with 96 bcf added to storage for the same week last year and the 83-bcf five-year
average addition for that week.
If the storage estimate is correct, inventories as of Sept. 18 totaled 3.4 trillion cubic feet, 15% above levels from
a year ago and 4.2% above the five-year average for the same week.
Write to Timothy Puko at tim.puko@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwireshttp://online.wsj.com?mod=djnwires">http://online.wsj.com?mod=djnwires
>
(END) Dow Jones Newswires
September 23, 2015 14:37 ET (18:37 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
092315 18:37 -- GMT
------
No comments:
Post a Comment