Bloomberg News

Natural-Gas Supply Probably Fell 89 Bcf, Bloomberg Users Say

March 01, 2012

The U.S. Energy Department’s natural-gas inventory report, scheduled for release at 10:30 a.m. in Washington, will show that supplies fell 3.4 percent last week, according to a survey of Bloomberg users.

The government’s Natural Gas Storage Report will show that inventories dropped 89 billion cubic feet in the week ended Feb. 24 to 2.506 trillion cubic feet, according to the survey.

Natural gas for April delivery fell 8.9 cents, or 3.4 percent, to $2.527 per million British thermal units on the New York Mercantile Exchange at 10:26 a.m.

Bloomberg compiles the anonymous survey based on estimates by at least 100 users each week.

To contact the reporter on this story: Christine Buurma in New York at cbuurma1@bloomberg.net;

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net


Steve Ballmer, Power Forward
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus