EPIC RESEARCH MCX NATURAL GAS UPDATE OF 06 June 2018

Posted by Commodity Updates by Epic Research on 13:04:00 with No comments
Naturalgas trading range for the day is 190.9-199.7.

Natural gas slipped as generation holds near record highs despite forecasts for a little more demand next week than previously expected.

Production in the Lower 48 states has averaged a record 79.3 billion cubic feet per day (bcfd) over the past 30 days.

On a daily basis, however, output dipped to 79.2 bcfd, which is down a bit from the 80.1-bcfd all-time high hit on May 27, according to data.

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