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Friday 28 December 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 28 December 2018

Naturalgas trading range for the day is 231.5-255.5.

* Natural gas prices recovered from lows as there is still a lot of uncertainty over next week’s weather forecasts.

* Gas demand in the Lower 48 states should rise for the current week and next to 101.5 billion cubic feet per day (bcfd) and 111.7 bcfd respectively.

* Gas output in the Lower 48 has averaged a near record high of 87.4 bcfd in the past 30 days.

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