Natural gas settled lower by 2.91% at Rs 303.9, influenced by a slight uptick in daily production, predictions of milder weather conditions, and anticipations of reduced demand in the upcoming week. As reported by LSEG, the average natural gas production in the contiguous United States decreased to 110.8 billion cubic feet per day in October, Read More
Natural gas settled down 3.73% at Rs 302.2, influenced by profit booking after the recent rally spurred by supply disruptions in the Gulf of Mexico due to Hurricane Isaias. Producers have curtailed approximately 1.3 billion cubic feet per day, which constitutes 59% of offshore Gulf output. However, the overall effect on US supplies has been Read More
Natural gas settled 0.96% lower at Rs 287.5, pressured by expectations of rising production and mild weather conditions that could keep heating and cooling demand subdued. The US Energy Information Administration reported a 64 billion cubic feet storage build for the week ended September 25, reinforcing concerns over comfortable supply levels. US Lower 48 gas Read More
Natural gas prices experienced an increase of 3.52%, closing at Rs 282.5. This rise was bolstered by a reduction in daily US production and enhanced flows toward liquefied natural gas exports, despite the fact that overall supply continues to be high. LSEG data indicated that average Lower 48 gas output reached 113.0 billion cubic feet Read More
Natural gas concluded the trading session with an increase of 0.75%, reaching Rs 255.6. This uptick was bolstered by a slight rise in flows to liquefied natural gas export facilities and anticipations of heightened demand driven by weather conditions. Forecasts indicate a tendency for temperatures to remain predominantly above normal until August 21, potentially leading Read More
Natural gas prices increased by 0.31% to close at Rs 256.7, rebounding through short covering following recent declines attributed to expectations of reduced seasonal demand and milder weather conditions. Weather forecasts persist in suggesting a below-average cooling demand throughout a significant portion of the United States in the upcoming weeks, thereby constraining the necessity for Read More
