ZOID RESEARCH 12-SEP-2014 : NATURAL GAS

The natural gas inventory report from the EIA released last night showed that utilities have added 92Bcf of gas as against expectations of 84Bcf surplus. Natural gas prices on the NYMEX declined by around 3 percent taking cues from the inventory report while MCX gas prices declined by around 3.35 percent and closed at Rs.233.40/MMbtu.


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