Natural gas prices increased by 3.06% to close at Rs 306.6, driven mainly by enhanced LNG export activity and anticipations of heightened demand due to weather conditions. Market sentiment exhibited an uptick as flows to U.S. LNG export terminals rose by 13.2% week-on-week, achieving a six-week peak of 19.3 billion cubic feet per day. Additionally, Read More
Natural gas prices concluded the session with a slight increase, rising 0.27% to settle at Rs 297.5, bolstered by enhanced demand forecasts and indications of more robust seasonal usage. Market sentiment remained positive as forecasts indicated above-normal temperatures across a significant portion of the United States through late June, which is expected to elevate cooling Read More
Natural gas prices experienced a decline of 3.7%, settling at Rs 294.4. This drop was influenced by expectations that U.S. gas inventories will remain well above seasonal norms, even in the face of robust summer cooling demand. Market sentiment was influenced by a modest rise in daily production and ongoing confidence in sufficient supply availability. Read More
Natural gas prices experienced a decline of 4.13%, settling at Rs 308.6. This movement was largely influenced by profit booking following recent gains, alongside a slight uptick in production levels. Market participants responded to the evolving supply and demand dynamics, even as the fundamentals continued to provide a supportive backdrop. According to LSEG, the average Read More
Natural Gas prices continued their upward trajectory, closing 0.67% higher at Rs 316, buoyed by predictions of warmer weather throughout the United States and anticipated increases in cooling demand in the weeks ahead. Rising temperatures are anticipated to elevate electricity consumption for air conditioning, consequently enhancing natural gas demand from power generators. With approximately 40% Read More
Natural gas prices experienced a notable decline of 4.52%, closing at Rs 277, driven by forecasts indicating milder weather conditions and anticipated weaker demand in the near term. Market sentiment continued to face challenges following revised weather forecasts that suggested cooler temperatures for the upcoming week, which in turn diminished the anticipated cooling demand from Read More
Natural gas prices concluded the trading session with a slight decline of 0.45% at Rs 290.1, influenced by greater-than-anticipated storage injections and predictions of more temperate weather patterns throughout the United States. Market sentiment deteriorated following the report from the U.S. Energy Information Administration, which indicated a storage build of 101 billion cubic feet. This Read More
Crude oil prices experienced a significant decline of 5.62%, closing at Rs 9,463, as market participants exhibited a cautiously optimistic outlook regarding potential diplomatic advancements between the US and Iran, thereby diminishing the immediate geopolitical risk premium. While President Trump suggested that the conflict might conclude “very quickly,” he also cautioned about the potential for Read More
Natural gas yesterday settled up by 2.36% at Rs 299.4, driven by expectations of stronger cooling demand and ongoing declines in US gas production. Weather forecasts suggested elevated temperatures across significant portions of the southern and eastern United States through midweek, leading to heightened demand from power utilities for air conditioning usage. The hotter weather Read More
Crude oil prices experienced an increase of 2.47%, closing at Rs 9924, as ongoing uncertainty regarding U.S.-Iran negotiations continued to raise concerns about potential disruptions in the Strait of Hormuz, a vital global energy shipping corridor. Market sentiment shifted to a bullish stance as optimism surrounding a swift agreement diminished, heightening concerns that restrictions on Read More
Natural gas prices increased by 2.38% to close at Rs 284, reflecting a favorable market response to reduced production levels and a storage injection report from the U.S. Energy Information Administration that met expectations. The EIA indicated that utilities added 85 billion cubic feet of gas to storage for the week ending May 8, aligning Read More
Natural gas concluded the trading session with an increase of 0.8% at Rs 277.4, even in the face of diminished LNG export flows. This uptick was bolstered by a reduction in domestic production and more favorable demand forecasts, which contributed positively to market sentiment. Gas flows to significant U.S. LNG export facilities have decreased from Read More
Natural gas prices concluded the trading session down by 2.41% at Rs 270.9, driven by anticipations of diminished near-term demand, adequate storage capacities, and decreased gas deliveries to LNG export terminals during the seasonal maintenance phase. Market sentiment remained under pressure as weather forecasts continued to suggest predominantly near-normal temperatures through May 27, constraining substantial Read More
Natural gas prices experienced a decline of 3.22%, settling at Rs 258.4. This decrease was influenced by diminished short-term demand forecasts and a reduction in gas flows to LNG export terminals, coinciding with the seasonal maintenance period in spring. Pipeline deliveries to LNG export plants have decreased to their lowest level since late January, as Read More
Crude oil prices experienced a notable decline of 3.57%, settling at Rs 9,698. This movement reflects the market’s attempt to reconcile rising geopolitical risks with the potential that the current tensions are merely components of ongoing negotiations. Renewed clashes between the United States and Iran in the Strait of Hormuz, including attacks on vessels and Read More
Natural gas prices increased by 3.78%, closing at Rs 274.5, driven by a blend of constrained supply conditions and robust export demand. The increase was mainly attributed to a storage build that was less than anticipated, reduced production rates, and nearly unprecedented LNG exports. The EIA reported a storage injection of 79 Bcf for the Read More
Crude oil prices experienced a notable increase of 4.16%, concluding at Rs 9,485, a movement attributed to enduring geopolitical tensions and supply disruptions associated with the ongoing conflict in Iran. The ongoing closure of the Strait of Hormuz, an essential conduit for global oil transportation, has markedly restricted exports from the Middle East, thereby intensifying Read More
Natural gas prices experienced significant downward pressure, closing 4.15% lower at Rs 244.8, as the market responded to substantial storage builds and anticipations of ongoing strong injections in the weeks ahead. The prevailing bearish sentiment was primarily influenced by abundant supply conditions, characterized by a significant increase in inventories. The most recent figures indicated a Read More
Natural gas prices experienced a modest increase, rising by 1.46% to close at Rs 250.2, primarily driven by a recent decline in production and robust demand for LNG exports. Flows to U.S. LNG terminals persisted at levels close to record highs through April, providing a consistent underpinning for prices. Nonetheless, the potential for growth remained Read More
The price of MCX Crude oil maintained its downward trend today, moving below the significant support line of Rs 8,500 for the second time in a row. Prices are having difficulty maintaining positions that are higher than the short-term moving averages, which is an indication that there is a lack of momentum in the market. Read More
