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US Natgas Storage Likely Rose by 89 Bcf: WSJ Survey

NATGAS

US natural gas inventories likely posted below average growth in the week to May 31, according to a survey of 10 analysts, brokers, and traders by the WSJ.

  • Gas in underground storage is expected to have risen by 89 bcf to 2,884 bcf in the week to May 31.
  • Estimates ranged from a net build of 85 bcf to 93 bcf.
  • This would be below the five-year average net increase of 103 bcf for this period and would reduce the surplus from 586 Bcf the week prior.
  • The EIA will report the official figures at 10:30 ET June 6.

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