Analysts predict an increase in gas stockpiles
- Analysts expect a rise of 80.7 billion cubic feet in U.S. natural gas inventories
- Gas stockpiles would be up about 8.5% from last year’s total at this time
- U.S. natural gas production has been ahead of national demand
- Natural gas futures were down 2% to $3.49/mmBtu
U.S. government data is expected to show a rise of 80.7 billion cubic feet in natural gas inventories, keeping stockpiles relatively high and prices in check. This would bring gas stockpiles to around 3.78 trillion cubic feet, up about 8.5% from last year’s total at this time. U.S. natural gas production has been exceeding national demand due to a mild winter and slowing economic activity. Natural gas futures were down 2% to $3.49/mmBtu.
Factuality Level: 8
Factuality Justification: The article provides specific data and information from the U.S. government and analysts, which can be verified. It does not contain any obvious bias or opinion masquerading as fact. However, it is a short news article and does not provide extensive analysis or context.
Noise Level: 7
Noise Justification: The article provides information on natural gas inventories and prices, but it lacks analysis or insights on long-term trends or antifragility. It also does not hold powerful people accountable or provide scientific rigor. The article stays on topic and provides data and examples, but it does not offer actionable insights or solutions.
Financial Relevance: Yes
Financial Markets Impacted: Natural gas markets
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the expected increase in natural gas inventories, which could impact natural gas markets and prices.
Key People:
www.marketwatch.com 
