By Paulo Trevisani

U.S. natural-gas inventories likely fell last week while remaining above average, according to a Wall Street Journal survey of analysts, as cool weather increased demand for heating.

Natural gas in underground storage is seen declining by 14 billion cubic feet to 3,921 Bcf in the week ended Nov. 28, according to the average estimate of 10 analysts, brokers and traders. Estimates range from an injection of 22 Bcf to a withdrawal of 30 Bcf. Nine forecast a storage build and only one predict a withdrawal.

The expected decline compares to a five-year average draw of 43 Bcf for the week. Even with the expected withdrawal, the storage surplus over the 2020-24 average would still increase to 189 Bcf from 160 Bcf the week before.

The U.S. Energy Information Administration is scheduled to report the weekly inventory data on Thursday at 10:30 a.m. EST.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

In a Wall Street Journal survey with 10 analysts, nine forecast a natural gas storage withdrawal and one predicted a build in data scheduled to be published Thursday. "Analysts Expect 14 Billion-Cubic-Foot Withdrawal in U.S. Natural Gas Inventories," at 12:47 p.m. ET, incorrectly said nine analysts had forecast a build and one a withdrawal.

(END) Dow Jones Newswires

December 03, 2025 14:28 ET (19:28 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.