Tag Archives: MCX Natural Gas Inventory

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Oil attempts timid recovery after 10-month lows

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Oil staged a timid recovery once striking 10-month lows however remained fraught Th as offer issues persisted.

Brent another thirty cents, or 0.67%, to $45.12 at 08:00 ET. U.S. crude was up nineteen cents, or 0.45%, at $42.72.
A bigger-than-expected attract U.S. crude didn’t relieve pessimistic sentiment.
The Energy data Administration Wed reported a fall of two.45 million barrels in U.S. crude stocks within the latest week.
Output cuts of one.8 million barrels on a daily basis by world organization and non-OPEC producers have didn’t create inroads into international inventories.
Libya and African nation, that were excluded from the output cut accord, have boosted production.
Higher U.S. output is additionally undermining efforts to re-balance the market.


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Expect MCX Natural Gas Prices to Trade Negative

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mcx natural gas update

AS PER MCX CRUDE OPERATOR MUMBAI RESEARCH REPORT FOR MCX NATURAL GAS

The latest U.S. weather model required gentle temperatures over subsequent time period, that ought to dampen gas demand throughout that point. gas costs have closely half-track weather forecasts in recent weeks, as traders try and gauge the impact of shifting outlooks on spring heating demand.
Outlook
We expect gas costs to trade negative on the rear of unfavorable climatic conditions.

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MCX Natural Gas Inventory

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As per MCX www.crudeoperator.com intraday research Mumbai base company report for : The U.S. Energy Information Administration (EIA) weekly estimate of working natural gas volumes held in underground storage facilities at the
National and regional levels. Changes in these gas inventories on a weekly basis primarily reflect net withdrawals or injections. Unexpected changes such as above-average withdrawals or injections can have an immediate impact on natural gas prices.


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