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US Natgas Storage Likely Rose by 34 Bcf: WSJ Survey

NATGAS

US natural gas inventories likely increased by 34 bcf in the week to July 26, according to a survey of nine analysts, brokers, and traders by the WSJ, near the five-year average.

  • This would take total storage levels to 3,265 bcf in the week to July 26.
  • Survey estimates ranged from 26-45 bcf.
  • The five-year average change for this period is a net injection of 33 bcf.
  • Under these figures, the storage surplus over the five-year average would fall to 457 Bcf, or 16% above average.
  • A Reuters survey put the build for last week at a higher 39 bcf. Bloomberg’s estimate is currently 32 bcf.
  • The EIA will report the official figures at 10:30 ET Aug. 1.

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