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Monday, 17 September 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 17 September 2018

Naturalgas trading range for the day is 196.8-204.2.

* Natural gas dropped on forecasts for demand to drop in a couple of weeks due to seasonally cooler weather.

* Production in the Lower 48 U.S. states, meanwhile, averaged a record high 83.4 bcfd over the past 30 days.

* U.S. dry natural gas production should rise to an all-time high of 80.96 billion cubic feet per day (bcfd) in 2018 from 73.55 bcfd in 2017, according to EIA report.

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