The 3 Week Diet System

Wednesday, June 10, 2015

Platts Survey of Analysts Suggests U.S. EIA Data will Show an Injection to Natural Gas Stocks of 110 to 114 Billion Cubic Feet

June 10:

WASHINGTON, June 10, 2015 - Platts - The U.S. Energy Information Administration (EIA) on Thursday is expected to report a natural gas storage injection of between 110 and 114 billion cubic feet (Bcf) for the week ended June 5, according to a Platts survey of analysts.

An injection within expectations would be slightly more than the 109-Bcf build reported at this time last year and substantially more than the 89-Bcf five-year average, according to EIA data.

The wider range of analysts' expectations for this Thursday's report spanned a withdrawal of 96 Bcf to 119 Bcf.

Last week, the EIA reported a 132-Bcf injection that increased inventories to 2.233 trillion cubic feet (Tcf), which was 751 Bcf, or 50.7%, more than the year-ago inventory of 1.482 Tcf, and 22 Bcf, or 1%, less than the five-year average of 2.211 Tcf.

Weather did not boost demand much from the previous week, said Bentek Energy*, a unit of Platts. The past two weeks have featured "extremely strong injections" in the East Region**, Bentek said. 

The weekly analyst survey is conducted by Platts' editorial team, and is published every Wednesday morning, one day ahead of the 10:30 a.m. (ET) Thursday release of the weekly natural gas storage report of the U.S. Energy Information Administration. Platts has been conducting this survey since January 2007. The survey includes 15 to 25 analysts, some on a rotational basis.

Source: http://www.platts.com/pressreleases/2015/061015/no

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