Energy Market Preview by Trade the News Staff - The EIA releases its weekly natural gas inventory today. According to a widely followed wire survey, natural gas inventories are expected to have fallen 60 bcf. As of last week, natural gas inventories were 17.2% higher versus a year ago. Should the decline in natural gas storage match consensus expectations today, the yoy storage rate will fall to +15.9%. - OPEC former President, Daukoru, said today that OPEC cuts are still to kick in and the producing group should wait until the impact of the cuts is assessed. Daukoru's comments follow a report by an oil tanker tracker, Oil Movements, yesterday, which said that OPEC exports are set to rise 1% or 250,000 b/d in the four weeks ending Jan. 20, contradicting OPEC's annonuced cut of 1.2M b/d in late Oct. - Qatar's oil minister said today that OPEC members may have consultations next week, adding that there may be a meeting before the group's next scheduled meeting in March. A Libyan oil official made similar comments, saying that an OPEC meeting may be called in Feb. - Norways oil output in 2007 is to be somewhat lower than in 2006, according to the Norwegian Directorate. Last year the country produced about 3M barrels per day. Norway ranks 7th among the world's top oil producing countries. - At 8:15 a.m. crude futures are down $0.61 at $54.99, reformulated gas futures are falling 1.8 cents to 146.90 and natural gas is down $0.05 at $6.11.