S&P Global Platts Survey of Analysts Suggests U.S. EIA Data to Show 115-Bcf Withdrawal to Natural Gas Stocks

The U.S. Energy Information Administration (EIA) on Thursday is expected to report a 115-billion cubic feet (Bcf) withdrawal for the week that ended December 22, according to a survey of analysts by S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets.

Responses to the survey ranged for a withdrawal of 102 Bcf to 119 Bcf. The EIA plans to release its weekly storage at 10:30 am EDT on Thursday.

A 115 Bcf withdrawal would be much less than the 233 Bcf draw reported at this time in 2016 but slightly more than the five-year average pull of 111 Bcf…

 

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