EPIC RESEARCH MCX Naturalgas UPDATE OF 27 August 2018

Posted by Commodity Updates by Epic Research on 12:46:00 with No comments

Naturalgas trading range for the day is 200.4-211.

* Natural gas prices ended with losses hurt by forecasts for lower demand as production remains at record levels.

* The number of rigs drilling for natural gas in the United States fell by 4 in the week to 182, data from oil services firm Baker Hughes showed.

* Production in the lower 48 U.S. states averaged a record-high 82.2 billion cubic feet per day (bcfd) over the past 30 days.

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