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NATGAS: US Natgas Storage Likely Rose by 37 Bcf: WSJ Survey

NATGAS

US natural gas inventories likely increased by 37 bcf in the week to Aug. 23, according to a survey of ten analysts, brokers, and traders by the WSJ, slightly below the five-year average for the time of year.

  • This would take total storage levels to 3,336 bcf in the week to Aug. 23.
  • Survey estimates ranged from net injections of 28-51 bcf.
  • The five-year average change for this period is a net injection of 43 bcf.
  • Under these figures, the storage surplus over the five-year average would fall to 369 Bcf.
  • The EIA will report the official figures at 10:30 ET Aug. 29.
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