Survey Indicates Smaller-Than-Average Increase in U.S. Natural-Gas Storage

  • Analysts predict a 53 billion cubic feet increase in U.S. natural-gas inventories
  • Survey conducted by The Wall Street Journal
  • Increase smaller than the five-year average build for the week
  • U.S. Energy Information Administration to report weekly gas storage on Thursday

Analysts predict a smaller-than-average increase in U.S. natural gas inventories, according to a survey by The Wall Street Journal. The projected increase of 53 billion cubic feet would bring the total to 3,498 Bcf for the week ended Sept. 20, as compared to the five-year average build of 88 Bcf. This reduction in surplus is attributed to a hotter-than-normal summer driving power-sector demand and output restraint by producers due to low prices.

Factuality Level: 8
Factuality Justification: The article provides relevant information about the projected increase in natural gas inventories based on a survey of analysts, brokers, and traders. It also includes context about the five-year average build and the decrease in surplus over time. The information is presented without sensationalism or personal opinion.
Noise Level: 3
Noise Justification: The article provides relevant information about natural gas inventories and their projected increase, but it lacks a comprehensive analysis of long-term trends or possibilities, accountability, intellectual honesty, staying on topic, evidence, actionable insights, and new knowledge. It also does not explore the consequences of decisions on those who bear the risks.
Public Companies: U.S. Energy Information Administration (), The Wall Street Journal ()
Key People: Anthony Harrup (Author)

Financial Relevance: Yes
Financial Markets Impacted: Natural gas market
Financial Rating Justification: The article discusses natural gas inventories and their impact on the supply surplus, which can affect the price of natural gas and impact companies involved in the production, storage, and distribution of natural gas. This information is relevant to financial markets as it can influence investment decisions and trading strategies in the energy sector.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text and it does not discuss any major impacts or consequences.
Move Size: No market move size mentioned.
Sector: Energy
Direction: Up
Magnitude: Medium
Affected Instruments: Stocks

Reported publicly: www.marketwatch.com