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Free AccessNATGAS: US Natgas Storage Likely Rose by 50 Bcf: WSJ Survey
US natural gas inventories likely increased by 50 Bcf in the week to Sep. 6, according to a survey of nine analysts, brokers, and traders by the WSJ, below the five-year average for the time of year.
- This would take total storage levels to 3,397 Bcf in the week to Sep. 6.
- Survey estimates ranged from 37-68 Bcf.
- The five-year average change for this period is a net injectionof 67 Bcf.
- Under these figures, the storage surplus over the five-year average would fall to 306 Bcf, down from 323 Bcf the previous week.
- A Reuters survey forecast a similar below average build of 49 Bcf.
- The EIA will report the official figures at 10:30 ET Sep. 12
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.