EPIC RESEARCH MCX Naturalgas UPDATE OF 13 December 2018

Posted by Commodity Updates by Epic Research on 12:12:00 with No comments


Naturalgas trading range for the day is 282.7-325.7.

* Natural gas fell on forecasts for warmer weather and lower heating demand over the next two weeks.

* U.S. dry natural gas production should rise to an all-time high of 83.30 billion cubic feet per day (bcfd) in 2018 from a record high 74.77 bcfd in 2017.

* EIA also projected U.S. gas consumption would rise to an all-time high of 81.74 bcfd in 2018 from 74.32 bcfd in 2017.


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