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
