Gas Storage Inventories Rise
EIA Report Expected to Show Increase of 26 Billion Cubic Feet
By Dan Molinski
US Government natural-gas data due Thursday are expected to show inventories increased last week by 26 billion cubic feet, according to analysts surveyed by Bloomberg.
If confirmed, the increase would bring total gas stockpiles to 3275 billion cubic feet (Bcf), 26 Bcf above last year's total at this time and 15 Bcf above the five-year average.
The Energy Information Administration (EIA) is scheduled to release its weekly natural gas storage report at 10:30 AM ET on Thursday, August 4.
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