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Friday 25 January 2019

EPIC RESEARCH MCX Naturalgas UPDATE OF 25 January 2019

Naturalgas trading range for the day is 209.2-231.4.

Natural gas climbed on forecasts for more frigid weather next week than previously predicted and reduced production.

In their latest forecast, meteorologists predicted the weather would turn brutally cold next week but would be less severe during the first week of February.

With colder weather expected, financial data provider Refinitiv boosted its gas demand projection for the Lower 48 states to 129.8 billion cubic feet per day.

EIA also projected U.S. gas consumption would rise to an all-time high of 82.65 bcfd in 2019 from a record high 81.58 bcfd in 2018.

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