Natural Gas MCX Tips Today: Natural Gas yesterday settled up by 1.52% at 300 as forecasts continued to signal hotter weather over the coming weeks than previously expected, which tends to increase gas demand for cooling.
Data provider Refinitiv projected U.S. demand, including exports, will rise from an average of 91.2 bcfd this week to 95.2 bcfd next week. But that is still slightly below last week’s 95.7 bcfd.
Flynn also expects U.S. LNG exports to stay “exceedingly” strong and U.S. supply to remain weak, leading to a tight market this year, which should support prices.
सोशल मीडिया अपडेट्स के लिए हमें Facebook ( https://www.facebook.com/goldsilverreports/ ) और Twitter ( https://twitter.com/goldsilverrepor ) पर फॉलो करें।
हमारी फ्री सर्विस और लोगो की paid सर्विस से कई गुना अच्छी है।
आपको हर दिन दिए जाएंगे 3 से 5 कॉल बिलकुल फ्री
हर CALL में PROFIT दिये जायेंगे
तो जल्दी से MCX CHANNEL को JOIN कर लो (NEAL BHAI REPORTS)
JOIN US CLICK HERE
EQUITY CHANNEL को JOIN कर लो (EQUITY FREE TIPS)
JOIN US CLICK HERE
The amount of gas flowing to U.S. LNG export plants averaged 10.8 bcfd in July, up from 10.1 bcfd in June but still below April’s 11.5-bcfd record.Refinitiv said average U.S. production would remain unchanged at 92.2 billion cubic feet per day next week from this week.
That is still well below November’s all-time monthly high of 95.4 bcfd. The U.S. Energy Information Administration (EIA) forecast utilities added 36 billion cubic feet (bcf) of gas into storage during the week ended July 23.
U.S. natural gas prices in 2021 at the Henry Hub benchmark in Louisiana will likely rise to their highest since 2018 as governments ease lockdowns and demand rises faster than producers can restore output shut during the 2020 coronavirus-linked price drop.
