Crude oil prices experienced a significant decline of 4.65%, settling at Rs 8,604, as traders engaged in profit-taking following the recent rally influenced by geopolitical tensions. Despite the correction, the market exhibited significant volatility as the ongoing conflict involving the U.S., Israel, and Iran persisted, posing a threat to global energy supplies. The U.S. executed Read More
Natural gas prices increased by 2.47%, concluding at Rs 281.70, bolstered by short covering and enhanced demand expectations. Market sentiment improved as forecasts indicated a rise in petrol consumption in the upcoming weeks, supported by heightened feedgas flows to the Freeport LNG export facility in Texas after previous operational setbacks. Fundamental indicators continued to exhibit Read More
Natural gas prices increased by 1.29% to close at Rs 282.7, buoyed by short covering following recent downturns. However, the overall fundamental perspective continues to be shaped by increasing domestic production and diminished demand for LNG exports. Maintenance work at Freeport LNG’s export facility in Texas has continued to restrict gas flows for liquefaction, thereby Read More
Natural gas declined by 4.96%, closing at Rs 279.5, as predictions of warmer weather reduced expectations for heating demand. The National Oceanic and Atmospheric Administration indicates that a significant portion of the central and southern United States is expected to undergo above-average temperatures in the forthcoming two weeks, which will likely alleviate consumption following a Read More
