EPIC RESEARCH MCX Naturalgas UPDATE OF 24 August 2018

Natural gas edged higher, following the release of a federal report, which showed the weekly storage build was below normal for the seventh consecutive week.

The U.S. Energy Information Administration said utilities added 48 billion cubic feet (bcf) of gas into storage in the week of Aug. 17.

Production in the Lower 48 U.S. states averaged a record-high 82.1 billion cubic feet per day (bcfd) over the past 30 days.

Overall futures volatility has remained relatively low since February, with prices supported by tight supplies but pressured by strong gas output.

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