EPIC RESEARCH MCX NATURAL GAS UPDATE OF 18 April 2017
Posted by aditi on 11:21:00 with No comments
Naturalgas trading range for the day is 201.5-210.3. Natural gas dropped continuing its weak trend as traders were caution for recent move given the upcoming weather forecast. The EIA in its Short-Term Energy Outlook report estimates that US dry natural gas production will average 73.1 Bcf per day in 2017. Market intelligence company PointLogic reported that weekly US dry natural gas production rose 0.6% to 70.2 Bcf (billion cubic feet) per day from April 6–12, 2017.
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