Wednesday, 27 March 2019

Natural Gas Inched Slightly Lower On High Production And Easing Demand

Natural gas trading range for the day is 189.5-194.9.

Natural gas inched slightly lower on high production and easing demand, even as volatility abated going into a seasonal transition.

Pressure also seen after the amount of gas flowing to Cheniere Energy Inc's Sabine Pass liquefied natural gas export terminal fell by almost half from a record high

On the supply side, stockpiles for the week to March 15 declined to 1.143 trillion cubic feet, 32.7 percent below the five-year average of 1.699 tcf for this time of year.

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