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5-Minute Warning For EIA Natural Gas Storage Report

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The U.S. Energy Information Administration will release its figures for last week's domestic natural gas inventories at 10:30 a.m. EST. Experts forecasts sit at 121 billion cubic feet.

If the estimate is correct, a trend of steadily increasing storage levels would continue. The net injection for the week ending May 22 was 112 Bcf, while the number for the previous week was 92 Bcf.

According to the EIA, inventories have recently been larger than consensus predictions. Last week's release, which reported 112 Bcf, substantially topped expectations of 99 Bcf.

Since April 3, natural gas storage levels in the U.S. have been 21 percent higher than it was over the same period last year.

 

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