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Analysts See 4-Billion-Cubic-Feet Rise in U.S. Natural Gas Inventories
See gas inventories rising by more than typical levels for this time of year
By NICOLE FRIEDMAN
Nov. 24, 2015 1:38 p.m. ET
http://www.wsj.com/articles/analysts-see-4-billion-cubic-feet-rise-in-u-s-natural-gas-inventories-1448390298
Analysts and traders expect government data scheduled for release Wednesday to show natural gas inventories rose by more than typical levels for this time of year.

The U.S. Energy Information Administration is expected to report that 4 billion cubic feet of gas were added to storage during the week ended Nov. 20, according to the average forecast of 18 analysts and traders surveyed by The Wall Street Journal.

The EIA is scheduled to release its storage data for the week on Wednesday at noon ET.

For the Nov. 20 week, the median estimate is for a rise of 4 bcf. Estimates range from an fall of 5 bcf to a rise of 10 bcf.

The estimate for Nov. 20 is above last year’s 141-bcf withdrawal from in storage for the same week, and more than the 36-bcf five-year average draw for that week.

If the storage estimate is correct, inventories as of Nov. 20 will total 4.004 trillion cubic feet, a record high. That stockpile level would be 16% above the year-ago level and 6.6% above the five-year average for the same week.

Write to Nicole Friedman at [e-mail]