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US Gas Inventories To See Small Build: Surveys

NATURAL GAS

US natural gas inventories likely saw a small build last week as milder weather weighed on US natural gas consumption according to two surveys.

  • A survey of eight analysts, brokers and traders by the WSJ assumes gas inventories saw a build of +2bcf last week, with estimates ranging from a +10bcf build to a withdrawal of -6bcf.
  • A Bloomberg survey of ten economists expects a build of +2.2bcf.
  • The average forecast compares with a draw of -80bcf for the same week last year, and a five-year average draw for the week of -53bcf.
  • The latest EIA weekly gas inventories for the week ending Nov 17 will be released this afternoon at 12:00 ET (17:00 GMT), a day early due to the Thanksgiving holiday tomorrow.
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