Tuesday, 30 April 2019

Natural Gas Rose As A Winter Storm Threatened Parts Of The Country

Natural gas trading range for the day is 175.9-186.3.

Natural gas rose as a winter storm threatened parts of the country, boosting the near-term outlook for heating demand.

U.S. dry natural gas production will rise to an all-time high of 91.00 billion cubic feet per day in 2019 from a record high of 83.39 bcfd in 2018

There is another winter storm coming in and there is going to be some heating demand.

Utilities likely added a much bigger than normal 113 billion cubic feet of gas to inventories during the week ended April 26.

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