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Tuesday 26 March 2019

EPIC RESEARCH MCX Naturalgas UPDATE OF 26 March 2019

Naturalgas trading range for the day is 185.6-192.4.

Natural gas fell as forecasts pointed to moderate weather, potentially denting demand for the fuel already hit by lower flows to Louisiana's Sabine Pass export terminal.

U.S. dry natural gas production will rise to an all-time high of 90.73 billion cubic feet per day (bcfd) in 2019 from a record high of 83.35 bcfd in 2018

EIA also projected U.S. gas consumption would rise to an all-time high of 83.57 bcfd in 2019 from a record high 82.06 bcfd in 2018.

Output in the Lower 48, meanwhile, was at 88.6 bcfd, according to Refinitiv slightly below the daily all-time high of 89.1 bcfd on Nov. 30.

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