EPIC RESEARCH MCX Naturalgas UPDATE OF 18 February 2019

Naturalgas trading range for the day is 179.7-190.9.

Natural gas gained on forecasts of colder weather and more heating demand over the next two weeks than previously expected.

U.S. dry natural gas production will rise to an all-time high of 90.16 billion cubic feet per day in 2019 from a record high of 83.26 bcfd in 2018.

EIA also projected U.S. gas consumption would rise to an all-time high of 82.53 bcfd in 2019 from a record high 81.68 bcfd in 2018.

Gas production in the Lower 48 held near 86.7 bcfd for a third day in a row, off a bit from a four-week high of 86.9 bcfd.


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