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US Natgas Storage Likely Rose by 19 Bcf: WSJ Survey

NATGAS

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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