Thursday 28 December 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 28 DECEMBER 2017

Naturalgas trading range for the day is 165.2-182.8. Natural gas rose supported by forecasts for more heating demand due to colder temperatures. U.S. gas consumption will rise to an average of 135.7 billion cubic feet per day (bcfd) next week from 118.4 bcfd this week. Included in the consumption projection are U.S. exports to Mexico and Canada via pipeline and to the rest of the world as liquefied natural gas.

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