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Friday 15 February 2019

EPIC RESEARCH MCX Naturalgas UPDATE OF 15 February 2019

Naturalgas trading range for the day is 180.7-187.9.

Natural gas dropped on forecasts for slightly less severe weather over the next two weeks and a smaller than expected storage draw.

The U.S. Energy Information Administration said utilities pulled just 78 billion cubic feet (bcf) of gas from inventories.

Meteorologists forecast the eastern half of the country would remain mild over the next two weeks.

Gas production in the Lower 48 states, meanwhile, held at 86.7 bcfd for a second day, which was off a bit from its four-week high of 86.9 bcfd.

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