EPIC RESEARCH MCX Naturalgas UPDATE OF 25 March 2019

Posted by Commodity Updates by Epic Research on 11:39:00 with No comments

Naturalgas trading range for the day is 188.9-195.3.

* Natural gas dropped weighed down by a fall in demand from the Sabine Pass export terminal in Louisiana, warmer weather and a smaller year-on-year inventory deficit.

* EIA said utilities pulled just 47 billion cubic feet (bcf) of gas from inventories during the warmer than normal week ended March 15.

* U.S. dry natural gas production will rise to an all-time high of 90.73 billion cubic feet per day (bcfd) in 2019 from a record high of 83.35 bcfd in 2018

* EIA also projected U.S. gas consumption would rise to an all-time high of 83.57 bcfd in 2019 from a record high 82.06 bcfd in 2018.

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