A survey of analysts expects the US Energy Information Administration to announce a storage injection of 92 Bcf for last week, which is once again below the five-year average and will expand the storage deficit with even smaller injections projected for the next two weeks as cooling demand spikes. Responses to the survey were tight and ranged from a build of 85 Bcf to 98 Bcf. The EIA plans to release its weekly storage report on Thursday morning for the week ended June 1. A 92 Bcf injection would be less than the 103 Bcf build in the corresponding week last year as well as the five-year average build of 104 Bcf. It would expand the massive storage deficit created by withdrawals extending deep into April. FIVE-YEAR DEFICIT SET TO EXPAND TO 512 BCF An injection within analysts’ expectations of 92 Bcf would increase stocks to 1.817 Tcf. The […]