Bloomberg News

U.S. Natural-Gas Stockpiles Fell 3.5%, Analysts Say

March 01, 2012

U.S. natural-gas inventories probably fell 3.5 percent last week, according to a survey of analysts and traders by Bloomberg.

Working gas inventories fell 90 billion cubic feet during the week ended Feb. 24 to 2.505 trillion cubic feet, according to the average estimate in the survey.

The U.S. Department of Energy's Energy Information Administration will publish its weekly report on natural-gas inventories at 10:30 a.m. U.S. Eastern time Thursday.

The EIA will release the report on its Internet site at http://www.eia.doe.gov/oil_gas/natural_gas/ngs/ngs.html

In the week ended Feb. 17, inventories fell 166 billion cubic feet to 2.595 trillion cubic feet, compared with 1.842 trillion a year earlier and a five-year average of 1.851 trillion.

                         Latest Week's          Avg Daily        Latest Week's
Company                Estimated Change           Change        Implied Storage
C.H. Guernsey            -98 to     -88          -13.29           2,502
CanAccord Genuity        -91 to     -91          -13.00           2,504
Citi Futures Perspectiv  -85 to     -85          -12.14           2,510
Citigroup Global Market  -85 to     -85          -12.14           2,510
ConocoPhillips           -84 to     -84          -12.00           2,511
Cormark Securities       -90 to     -90          -12.86           2,505
Credit Suisse            -87 to     -87          -12.43           2,508
Energy Overview          -83 to     -83          -11.86           2,512
Fellon-McCord            n.a.     n.a.              n.a.             n.a.
FirstEnergy Capital      -90 to     -90          -12.86           2,505
Gelber & Associates      -87 to     -87          -12.43           2,508
Hencorp                 -104 to    -104          -14.86           2,491
IAF Advisors             -84 to     -84          -12.00           2,511
ICAP Energy              -87 to     -87          -12.43           2,508
J.P. Morgan Chase Bank   -89 to     -89          -12.71           2,506
LCM Commodities          -91 to     -91          -13.00           2,504
Macquarie Bank Ltd.      -92 to     -92          -13.14           2,503
Noble Americas           -92 to     -92          -13.14           2,503
Prestige Economics       -74 to     -74          -10.57           2,521
Ritterbusch & Assoc.     -90 to     -90          -12.86           2,505
Societe Generale         -89 to     -89          -12.71           2,506
Strategic Energy & Econ  -87 to     -87          -12.43           2,508
Summit Energy            -94 to     -94          -13.43           2,501
Tradition Financial      n.a.     n.a.              n.a.             n.a.
Trajan Investment Mgmt   -92 to     -92          -13.14           2,503
Tuohy Brothers           -92 to     -92          -13.14           2,503
UBS                     -100 to     -90          -13.57           2,500
Wavelength CTA           -97 to     -92          -13.50           2,501
Wells Fargo Securities   -91 to     -91          -13.00           2,504
Average                  -90 to     -89          -12.79           2,505

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