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MNI China Daily Summary: Tuesday, December 10
US Natgas Storage Likely Rose by 19 Bcf: WSJ Survey
US natural gas inventories likely increased by 19 bcf in the week to July 19, according to a survey of ten analysts, brokers, and traders by the WSJ, below the five-year average for the time of year.
- This would take total storage levels to 3,228 bcf in the week to July 19.
- Survey estimates ranged from 14 -24 bcf.
- The five-year average change for this period is a net injection of 31 bcf.
- Under these figures, the storage surplus over the five-year average would fall to 465 Bcf.
- The WSJ forecast is below the Reuters survey prediction of 24 bcf.
- The EIA will report the official figures at 10:30 ET July 25.
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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.