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Friday 12 April 2019

EPIC RESEARCH MCX Naturalgas UPDATE OF 12 April 2019

Naturalgas trading range for the day is 181.3-189.1.

Natural gas fell after the U.S. Energy Information Administration (EIA) reported a bigger weekly storage build than usual.

The EIA said utilities added 29 billion cubic feet (bcf) of gas to inventories during the week ended April 5.

U.S. dry natural gas production will rise to an all-time high of 91.00 billion cubic feet per day (bcfd) in 2019 from a record high of 83.39 bcfd in 2018

The latest April output projection for 2019 was up from EIA's 90.73-bcfd forecast in March.

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