EPIC RESEARCH Naturalgas UPDATE OF 9 August 2018
Posted by Commodity Updates by Epic Research on 12:23:00 with No comments
Naturalgas trading range for the day is 196.8-205.6.
Natural gas rose as worries about low inventories offset forecasts for cooler weather next week than previously expected.
The amount of gas in storage was at its lowest in 15 years for the time of year, after four consecutive weeks of lower-than-normal storage builds.
Production in the Lower 48 U.S. states averaged a record high 81.0 billion cubic feet per day (bcfd) over the past 30 days.
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Natural gas rose as worries about low inventories offset forecasts for cooler weather next week than previously expected.
The amount of gas in storage was at its lowest in 15 years for the time of year, after four consecutive weeks of lower-than-normal storage builds.
Production in the Lower 48 U.S. states averaged a record high 81.0 billion cubic feet per day (bcfd) over the past 30 days.
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