Platts pre-report analyst survey suggests US EIA data will show an 4- to 8-Bcf addition in natural gas stocks
Washington - November 17, 2010
The US Energy Information Administration (EIA) is expected Thursday to report a net injection of 4 to 8 billion cubic feet (Bcf) to natural gas storage for the week that ended November 12, according to a Platts survey of analysts.
A build within consensus estimates would be smaller than both the 21-Bcf injection in the same week of 2009 and the five-year-average build of 18 Bcf. As a result, both the 31-Bcf surplus to the year-ago level and the five-year-average surplus of 342 Bcf are expected to shrink.
MF Global analyst Tom Pawlicki said that given forecasts for colder weather in the coming week, Thursday’s report should include the last net weekly increase in storage stocks this season. His preliminary prediction for EIA’s report for the week ending November 19 is for a net 6-Bcf drawdown.
# # #
This analyst survey is conducted by Platts’ editorial team in Washington, DC 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. Energy Information Administration. Platts has been conducting this survey since January 2007. The survey includes 15 to 25 analysts, some on a rotational basis.
About Platts: Platts, a division of The McGraw-Hill Companies (NYSE: MHP), is a leading global provider of energy and commodities information. With a century of business experience, Platts serves customers across more than 150 countries. An independent provider, Platts serves the oil, natural gas, electricity, emissions, nuclear power, coal, petrochemicals, shipping, and metals markets from 17 offices worldwide. Platts' real-time news, pricing, analytical services and conferences help markets operate with transparency and efficiency. Traders, risk managers, analysts, and industry leaders depend upon Platts to help them make better business decisions.
About The McGraw-Hill Companies: Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a global information and education company providing knowledge, insights and analysis in the financial, education and business information sectors through leading brands including Standard & Poor's, McGraw-Hill Education, Platts, and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2009 were $5.95 billion Additional information is available at www.mcgraw-hill.com.