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Wed, 22 Feb 2012
Nat. Gas Numbers Thursday.
The U.S. Energy Information Administration is expected to report that 156 billion cubic feet of gas were drawn from storage during the week ended Feb. 10, according to the average prediction of 17 analysts and traders in a Dow Jones Newswires survey. The EIA is scheduled to release its storage data Thursday at 10:30 a.m. EST. The survey's median result was also for a draw, of 164 bcf, with a high estimate of a 113-bcf decline and a low of a 180-bcf draw. The storage estimate comes in above last year's 102-bcf draw in storage for the same week and also is above the 145-bcf five-year average draw for that week. If the storage estimate is correct, inventories as of Feb. 10 will total 2.605 trillion cubic feet, about 4.1% above the five-year average and 4.1% above last year's level for the same week.
Posted 09:23

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