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Updated · MarketWatch · Apr 29Analysts expect U.S. natural gas inventories to rise by 79 billion cubic feet
10 articles · Updated · MarketWatch · Apr 29
- A Wall Street Journal survey of 11 analysts forecasts inventories reaching 2,142 Bcf for the week ended April 24.
- The projected 79 Bcf increase surpasses the five-year average build of 63 Bcf, reflecting mild spring weather limiting demand.
- If confirmed, inventories would stand 153 Bcf above the five-year average, up from a 137 Bcf surplus the previous week.
With U.S. gas storage swelling, why are futures prices surging to multi-week highs? Will a hot summer deplete the massive gas surplus and send prices soaring again? As America becomes the world's LNG king, are domestic consumers facing higher energy bills? Is the Mideast conflict permanently ending the era of cheap U.S. natural gas? With the Strait of Hormuz disrupted, can U.S. LNG exports avert a global energy crisis? Is the U.S. 'energy island' a myth now that global crises dictate domestic prices?