US NATGAS: US Natgas Storage Likely Rose by 116 Bcf: WSJ Survey
May-21 17:14
US natural gas inventories likely increased by 116 Bcf in the week to May 16, according to a survey of 11 analysts, brokers, and traders by the WSJ, above the five-year average for the time of year.
- This would take total storage levels to 2,371Bcf last week.
- Survey estimates ranged from 108-130 Bcf.
- The five-year average change for this period is a net injection of 87 Bcf.
- Under these figures, the storage surplus over the five-year average would rise to 86 Bcf, up from 57 Bcf the previous week.
- The EIA will report the official figures at 10:30 ET May 22.
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