EPIC RESEARCH MCX Naturalgas UPDATE OF 17 January 2019

Posted by Commodity Updates by Epic Research on 11:17:00 with No comments

Naturalgas trading range for the day is 228-273.

* Natural gas reversed course to sink around 3 percent after rising as much as more than 5 percent earlier, as forecasts for cold weather were toned down.

* U.S. dry natural gas production will rise to an all-time high of 90.19 billion cubic feet per day (bcfd) in 2019 from a record high 83.31 bcfd in 2018.

* EIA also projected U.S. gas consumption would rise to an all-time high of 82.65 bcfd in 2019 from a record high 81.58 bcfd in 2018.

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