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US Natgas Storage Likely Rose by 29 Bcf: WSJ Survey

NATGAS

US natural gas inventories likely increased by29 bcf in the week to July 12, according to a survey of ten analysts, brokers, and traders by the WSJ, well below average for the time of year.

  • This would take total storage levels to 3,288 bcf in the week to July 12.
  • Survey estimates ranged from 21-38 bcf.
  • The five-year average change for this period is a net injection of 49 bcf.
  • Under these figures, the storage surplus over the five-year average would fall to 504 Bcf.
  • The larger than expected build last week interrupted eight successive weeks of a shrinking storage surplus.
  • The EIA will report the official figures at 10:30 ET July 18.
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