U.S. natural gas inventories seen rising by 76 Bcf
Updated
Updated · MarketWatch · May 6
U.S. natural gas inventories seen rising by 76 Bcf
9 articles · Updated · MarketWatch · May 6
A Wall Street Journal survey of 11 analysts, brokers and traders projects stocks at 2,218 Bcf for the week ended May 1, with estimates ranging from 67 Bcf to 87 Bcf.
The expected injection is close to the five-year average build of 77 Bcf, suggesting the surplus versus the 2021-2025 average would stay nearly unchanged at 152 Bcf.
Late-season heating demand and weak early-season cooling demand shaped the outlook. The U.S. Energy Information Administration is due to publish the weekly storage data on Thursday at 10:30 a.m. EDT.
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