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US Natgas Storage Likely Rose by 77 Bcf: WSJ Survey

NATGAS
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US natural gas inventories likely posted below average growth in the week to May 24, according to a survey of nine analysts, brokers, and traders by the WSJ.

  • Gas in underground storage is expected to have risen by 77 bcf to 2,788 bcf in the week to May 24.
  • Estimates ranged from a net build of 71 bcf to 83 bcf.
  • This would be below the five-year average net increase of 104 bcf for this period and would reduce the surplus from 606 Bcf the week prior.
  • In other surveys, Bloomberg expects a build of 74 Bcf in US natural gas storage for the week to May 24, slightly below Platts forecast of 78 Bcf.
  • The EIA will report the official figures at 10:30 ET May 30.
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US natural gas inventories likely posted below average growth in the week to May 24, according to a survey of nine analysts, brokers, and traders by the WSJ.

  • Gas in underground storage is expected to have risen by 77 bcf to 2,788 bcf in the week to May 24.
  • Estimates ranged from a net build of 71 bcf to 83 bcf.
  • This would be below the five-year average net increase of 104 bcf for this period and would reduce the surplus from 606 Bcf the week prior.
  • In other surveys, Bloomberg expects a build of 74 Bcf in US natural gas storage for the week to May 24, slightly below Platts forecast of 78 Bcf.
  • The EIA will report the official figures at 10:30 ET May 30.