Natural gas experienced a significant rebound yesterday, increasing by 4.54% to close at Rs 315.3. This movement was influenced by a minor decline in production, strong inflows to LNG export facilities, and upward adjustments to short-term demand projections. The rally occurred in the face of forecasts indicating warmer-than-normal weather extending through mid-February, alongside anticipations of Read More
Crude oil prices experienced an upward movement, concluding with a rise of 1.49% at Rs 5,709, bolstered by short covering and enhanced demand expectations. Sentiment improved following comments from Russia’s Deputy Prime Minister Alexander Novak, who suggested that global demand is anticipated to increase gradually in March and April, thereby bolstering optimism regarding near-term consumption. Read More
Natural gas prices experienced a significant correction, declining by 27.15% to close at Rs 294.9, as concerns over weather-driven demand influenced market sentiment. Projections from the National Oceanic and Atmospheric Administration suggest that temperatures will be milder than usual across a substantial portion of the U.S., leading to a notable decrease in anticipated heating demand, Read More
Natural gas prices experienced a significant increase, closing up 3.5% at Rs 304.5, bolstered by predictions of colder weather and a reduction in U.S. production levels. Average gas production in the Lower 48 states decreased to 109.1 bcfd in January from a record high of 109.7 bcfd in December, with daily output approaching a three-week Read More
Crude oil prices exhibited an upward trajectory, concluding with an increase of 2.42% at Rs 5,163, as market participants evaluated recent developments concerning Venezuela and the ongoing deliberations regarding potential U.S. sanctions on nations engaging in commerce with Russia. The recent release of softer U.S. labor data has bolstered market sentiment, thereby reinforcing expectations for Read More
Crude oil prices experienced a slight decline, closing lower by 0.42% at Rs 5,213, as the impact of a modest increase in US inventories overshadowed existing geopolitical risk premiums. The downside, however, remained constrained in light of diminishing expectations for a Russia–Ukraine ceasefire and ongoing geopolitical tensions in the Middle East and South America. Supply Read More
Natural gas prices experienced a modest increase, closing up by 0.14% at Rs 357.9, bolstered by supply disruptions and anticipated colder weather conditions. The market found support following a temporary reduction in gas supplies from Norway’s significant Troll field, attributed to external power supply issues. Capacity restrictions are anticipated to persist for a day, although Read More
Natural gas prices experienced a significant increase, closing up by 3.95% at Rs 352.5, bolstered by predictions of colder weather and an anticipated rise in heating demand in the upcoming weeks. Meteorologists anticipate a steady decrease in temperatures across the country leading up to January 10, as Heating Degree Days are projected to increase from Read More
