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Wednesday 5 December 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 5 December 2018

Naturalgas trading range for the day is 302.5-329.7.

Natural gas ended up after falling over 5 percent in previous session as weeks of extreme volatility persisted despite the latest forecasts calling for near normal weather.

Supply increases slightly as both production and net Canadian imports rise.

According to the EIA, the average total supply of natural gas rose by 1%, averaging 92.9 Bcf per day, compared with the previous report week.

Dry natural gas production grew by 1%, averaging 88.5 Bcf per day, and average net imports from Canada increased by 1% from last week.

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