Natural Gas prices concluded the trading session with an increase of 1.44%, reaching Rs 310.4. This uptick was bolstered by enhanced flows to US liquefied natural gas export facilities and anticipations of unprecedented electricity demand, driven by forecasts of warmer-than-normal weather across a significant portion of the United States. Despite a slight moderation in temperature Read More
Natural gas prices declined by 0.26% to close at Rs 306, influenced by ample supply, declining crude oil prices, and predictions of milder weather that are anticipated to restrict short-term cooling demand. Despite ongoing forecasts from meteorologists indicating above-normal temperatures throughout the United States until July 16, the projections lacked sufficient strength to alleviate apprehensions Read More
Crude Oil prices experienced a decline of 1.39%, settling at Rs 6,525, as diminishing geopolitical concerns overshadowed the positive inventory data. Market sentiment improved following constructive discussions between the US and Iran in Qatar, which raised hopes for a reduction in tensions surrounding the Strait of Hormuz, a crucial global oil shipping route. Tanker movements Read More
Natural gas prices increased by 2.97% to close at Rs 312, bolstered by short covering amid heightened liquefied natural gas export demand and anticipations of unprecedented electricity consumption, which enhanced market sentiment. A severe heat wave across the United States has led to a notable surge in air-conditioning demand, as temperatures in New York City Read More
Crude Oil prices increased by 2.30%, closing at Rs 6,728, as renewed military exchanges between the US and Iran underscored the tenuous nature of their interim peace agreement, thereby maintaining a heightened geopolitical risk premium. However, gains were capped after both countries agreed to resume negotiations over the Strait of Hormuz, raising hopes of preserving Read More
Natural gas prices concluded the trading session with a 0.38% increase, reaching Rs 312.9. This uptick was bolstered by enhanced flows to U.S. liquefied natural gas export facilities, alongside predictions of above-normal temperatures that are anticipated to elevate electricity demand for air conditioning purposes. Weather forecasts suggest that above-average temperatures will continue until July 11, Read More
Natural gas prices experienced a significant decline of 3.55%, closing at Rs 299. This drop can be attributed to robust storage levels and projections suggesting a weaker demand in the upcoming fortnight compared to earlier expectations. Market sentiment persisted in a bearish stance, even with forecasts indicating warmer-than-normal weather extending into early July. This trend Read More
Natural Gas prices declined by 0.36% to close at Rs 302.1, influenced by a modest rise in daily production and anticipations that storage levels will stay well above seasonal averages. Despite forecasts indicating warmer-than-normal temperatures through early July, which are expected to bolster cooling demand and elevate gas consumption by power generators, the market exhibited Read More
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
