The consensus among 11 surveyed analysts, brokers, and traders suggests total inventories will reach 3,303 billion cubic feet. Individual forecasts for the week vary significantly, ranging from a conservative 44 Bcf to a more aggressive 62 Bcf build. Even at the higher end of these estimates, the injection remains well below the 74 Bcf average typical for this period between 2021 and 2025.
In section Market Quotes
US Natural Gas Stocks Poised for Fifth Consecutive Sub-Normal Build
A projected 49 billion-cubic-foot injection into U.S. natural gas storage for the week ending September 11 reflects a tightening market, as analysts anticipate another below-average increase. This trend continues to erode the surplus relative to five-year averages while deepening the supply deficit compared to this time last year.
Should these figures hold, the storage surplus against the five-year average will shrink to 123 Bcf, down from 148 Bcf the previous week. Simultaneously, the year-on-year supply gap is set to expand to 117 Bcf, a marked increase from the 79 Bcf deficit recorded earlier this month. The U.S. Energy Information Administration will provide the definitive data on Thursday at 10:30 a.m. EDT.
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