May 22, 2024 17:29 GMT
US Natgas Storage Likely Rose by 85 Bcf: WSJ Survey
NATGAS
US natural gas inventories likely posted below average growth in the week to May 17, according to a survey of nine analysts, brokers, and traders by the WSJ.
- Gas in underground storage is expected to have risen by 85 bcf to 2,718 bcf in the week to May 17.
- Estimates ranged from a net build of 78 bcf to 91 bcf.
- This would be below the five-year average net increase of 92 bcf for this period and would reduce the surplus from 620 Bcf the week prior.
- The EIA will report the official figures at 10:30 ET May 23.
99 words