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NATGAS: US Natgas Storage Likely Rose by 53 Bcf: WSJ Survey

NATGAS
Energy BulletsBulletPower BulletsCommodities

US natural gas inventories likely increased by 53 Bcf in the week to Sep. 20, according to a survey of 11 analysts, brokers, and traders by the WSJ, below the five-year average for the time of year.

  • This would take total storage levels to 3,498 Bcf in the week to Sep. 20.
  • Survey estimates ranged from 49-56 Bcf.
  • The five-year average change for this period is a net injection of 88 Bcf.
  • Under these figures, the storage surplus over the five-year average would fall to 239 Bcf, down from 274 Bcf the previous week.
  • A Reuters survey forecast a similar below average build of 54 Bcf.
  • The EIA will report the official figures at 10:30 ET Sep. 26.
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US natural gas inventories likely increased by 53 Bcf in the week to Sep. 20, according to a survey of 11 analysts, brokers, and traders by the WSJ, below the five-year average for the time of year.

  • This would take total storage levels to 3,498 Bcf in the week to Sep. 20.
  • Survey estimates ranged from 49-56 Bcf.
  • The five-year average change for this period is a net injection of 88 Bcf.
  • Under these figures, the storage surplus over the five-year average would fall to 239 Bcf, down from 274 Bcf the previous week.
  • A Reuters survey forecast a similar below average build of 54 Bcf.
  • The EIA will report the official figures at 10:30 ET Sep. 26.