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Tuesday, 26 September 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 26 SEPTEMBER 2017

Natural gas trading range for the day is 187.5-196.5.Natural gas prices fell as hot weather that pushed prices higher early last week looks set to dissipate.Total natural gas in storage currently stands at 3.408 trillion cubic feet, according to EIA, around 3.8% lower than levels at this time a year ago.Demand for natural gas tends to rise in the summer months as warmer temperatures increase the need for gas-fired electricity to power air conditioning.

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