Thursday, May 28, 2009

Pass the Gas-X, Please; Supply Bump Expected

The Energy Department is expecting another jump in US natural gas reserves:

The Energy Department will likely report a 108 billion- to 113 billion-cubic foot jump in natural gas reserves on Thursday for the week ended May 22, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.


A reading above or below estimates can influence market trading.

Last Thursday, the EIA said natural gas inventories held in underground storage in the lower 48 states rose by 103 billion cubic feet to about 2.12 trillion cubic feet for the week ended May 15.

- Brewskie

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