EPIC RESEARCH MCX Naturalgas UPDATE OF 13 February 2019

Posted by Commodity Updates by Epic Research on 11:27:00 with No comments

Naturalgas trading range for the day is 183.7-194.1.

* Natural gas dropped amid rising production offset forecasts for colder weather and higher heating demand than previously expected next week.

* U.S. dry natural gas production will rise to an all-time high of 90.16 billion cubic feet per day in 2019 from a record high of 83.26 bcfd in 2018.

* EIA also projected U.S. gas consumption would rise to an all-time high of 82.53 bcfd in 2019 from a record high 81.68 bcfd in 2018.

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