EPIC RESEARCH MCX Naturalgas UPDATE OF 15 April 2019

Posted by Commodity Updates by Epic Research on 11:05:00 with No comments

Naturalgas trading range for the day is 182.7-187.7.
Natural gas recovered on short covering after prices dropped on forecasts for warmer weather and lower heating demand over the next two weeks.

Output in the Lower 48, meanwhile, edged up to 88.8 bcfd from a three-week low of 88.1 bcfd due to small declines in Oklahoma and Wyoming.

Utilities likely added a much bigger than normal 80 billion cubic feet (bcf) of gas to inventories during the week ended April 12.

U.S. dry natural gas production will rise to an all-time high of 91.00 billion cubic feet per day (bcfd) in 2019 from a record high of 83.39 bcfd in 2018.

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