EPIC RESEARCH MCX NATURAL GAS UPDATE OF 2 JULY 2018

Natural gas trading range for the day is 198.7-203.9. Natural gas inched down as gas production continued to rise, offsetting expectations of warmer weather and high air-conditioning demand next week. Production in the lower 48 U.S. states has averaged a record-high 79.64 billion cubic feet per day (bcfd) over the past 30 days. Forecasted gas demand in the lower 48 U.S. states would rise to 79.7 bcfd next week from 76 bcfd this week.
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