POLL-U.S. natural gas stockpiles increase by 52 bcf in week ending April 28
Repeat Wednesday’s poll without changing the text
May 3 (Reuters) – U.S. utilities likely added 52 billion cubic feet (bcf) of natural gas to their storage last week, less than usual, according to a Reuters poll.
This can be compared to 72 bcf infused in the same week a year ago, an average increase of 78 bcf over the 5-year period (2018-2022).
In the week ended April 21, the utility added 79 bcf of gas to storage. USOILN=ECI
Stockpiles are forecast to reach 2.61 trillion cubic feet (tcf) for the week ending April 28, 32% above the same week last year and about 20% above the five-year average.
The US Energy Information Administration (EIA) releases its weekly storage report on Thursday at 10:30 am EDT (1430 GMT).
According to data provider Refinitiv, the heating degree days (HDD) were around 74 last week, compared to the usual 57 HDD in 30 years.
HDD estimates the heating needs of homes and businesses by measuring the number of degrees the average daily temperature drops below 65 degrees Fahrenheit (18 degrees Celsius).
A Reuters survey of 16 analysts found that analyst estimates ranged from 47 bcf to 60 bcf infusions, with a median increase of 51 bcf.
Initial estimates for the week ending 5 May indicated that injection doses ranged from 62 bcf to 89 bcf, with an average increase of 67 bcf.
This compares with an increase of 76 bcf in the same week last year and a five-year average increase of 87 bcf.
Below is the list of participants in the voting. All numbers are in billions of cubic feet.
| organization Forecast (bcf) SMC report 60Refinitiv 59natural gas intelligence 57price futures group 55schneider electric 54Stone X Group 53Gelber & Associates 52energy venture analysis 51S&P Global 50Ritterbusch Associates 50DTN50traditional energy 49Citi Futures 49Baker & O’Brien 48Engie Insight 47CH Guernsey 47(Reporting by Ananya Bajpai, Bangalore; Editing by Scott DiSavino and Jan Harvey) |
The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.
Summarize this content to 100 words
Repeat Wednesday’s poll without changing the text
May 3 (Reuters) – U.S. utilities likely added 52 billion cubic feet (bcf) of natural gas to their storage last week, less than usual, according to a Reuters poll.
This can be compared to 72 bcf infused in the same week a year ago, an average increase of 78 bcf over the 5-year period (2018-2022).
In the week ended April 21, the utility added 79 bcf of gas to storage. USOILN=ECI
Stockpiles are forecast to reach 2.61 trillion cubic feet (tcf) for the week ending April 28, 32% above the same week last year and about 20% above the five-year average.
The US Energy Information Administration (EIA) releases its weekly storage report on Thursday at 10:30 am EDT (1430 GMT).
According to data provider Refinitiv, the heating degree days (HDD) were around 74 last week, compared to the usual 57 HDD in 30 years.
HDD estimates the heating needs of homes and businesses by measuring the number of degrees the average daily temperature drops below 65 degrees Fahrenheit (18 degrees Celsius).
A Reuters survey of 16 analysts found that analyst estimates ranged from 47 bcf to 60 bcf infusions, with a median increase of 51 bcf.
Initial estimates for the week ending 5 May indicated that injection doses ranged from 62 bcf to 89 bcf, with an average increase of 67 bcf.
This compares with an increase of 76 bcf in the same week last year and a five-year average increase of 87 bcf.
Below is the list of participants in the voting. All numbers are in billions of cubic feet.
organization
Forecast (bcf)
SMC report
60
Refinitiv
59
natural gas intelligence
57
price futures group
55
schneider electric
54
Stone X Group
53
Gelber & Associates
52
energy venture analysis
51
S&P Global
50
Ritterbusch Associates
50
DTN
50
traditional energy
49
Citi Futures
49
Baker & O’Brien
48
Engie Insight
47
CH Guernsey
47
(Reporting by Ananya Bajpai, Bangalore; Editing by Scott DiSavino and Jan Harvey)
((Ananya.Bajpai@thomsonreuters.com;))
The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.
https://www.nasdaq.com/articles/poll-us-natural-gas-stockpiles-seen-52-bcf-higher-in-week-to-april-28-0 POLL-U.S. natural gas stockpiles increase by 52 bcf in week ending April 28
