Natural gas prices concluded the trading session with a notable decline, decreasing by 5.29% to settle at Rs 315.2, as apprehensions regarding weather-related demand significantly impacted market sentiment. Expectations for heating demand have been notably diminished due to forecasts indicating warmer-than-normal temperatures across the US through January 20. Heating Degree Days are anticipated to stay Read More
Crude oil prices experienced a decline of 1.3%, settling at Rs 5,155, as the anticipation of a sustained global supply surplus overshadowed geopolitical risks present in various OPEC+ producing countries. As supply disruptions in Venezuela escalated due to a partial US blockade resulting in well shut-ins, the overall market continued to face pressure from increasing Read More
Natural gas prices experienced a significant decline of 2.31%, concluding at Rs 329.5. This downturn was largely influenced by forecasts of warmer weather for the initial half of January, which diminished expectations for near-term heating demand. Although meteorologists continue to forecast colder conditions extending through mid-January, with Heating Degree Days surpassing seasonal averages, the short-term Read More
Natural gas prices experienced a significant increase, closing up 8.43% at Rs 380.8, propelled by unprecedented feedgas flows to U.S. LNG export terminals and heightened expectations for near-term demand. Gas flows to the eight major LNG export plants have increased to 18.5 bcfd this month, surpassing November’s previous record of 18.2 bcfd. Daily LNG feedgas Read More
Crude oil prices experienced an increase of 2.31%, closing at Rs 5,223. This uptick was influenced by escalating geopolitical risks, particularly following the U.S. interception of an oil tanker near Venezuela and the persistent tensions in the Russia–Ukraine conflict, which have reignited fears regarding possible supply disruptions. Despite these developments, the broader market continues to Read More
Natural gas prices experienced a slight increase, closing up 0.20% at Rs 356.9, as the market navigated the tension between near-record production levels and predictions of milder weather coupled with reduced demand in the upcoming weeks. In December, average output in the Lower 48 states held steady at a record 109.6 bcfd, aligning with the Read More
Crude oil prices experienced a modest increase of 0.22%, closing at Rs 5,114, primarily driven by escalating geopolitical tensions and renewed apprehensions regarding possible supply disruptions. Sentiment improved following the United States’ decision to implement a complete halt on maritime traffic associated with sanctioned oil tankers connected to Venezuela, in response to the confiscation of Read More
Natural gas prices increased, closing up by 1.94 percent at Rs 362.9, bolstered by near-record gas flows to LNG export facilities and anticipations of demand exceeding earlier forecasts. Robust export activity persists in supporting prices, despite the fact that domestic production levels remain high. Average gas output in the Lower 48 states has decreased slightly Read More
Crude oil prices experienced a significant decline, closing down 1.38% at Rs 5,071, as markets contended with increasing indications of oversupply and escalating concerns regarding a global oil glut. Rising output from OPEC+ alongside robust production increases from non-OPEC producers, especially in the Americas, has persistently exerted downward pressure on prices, as Brent crude approaches Read More
Natural gas prices experienced a decline of 1.75%, settling at Rs 369.9, as market participants continued to incorporate milder weather forecasts, reduced near-term demand expectations, and near-record supply levels into their assessments. Weather models suggest that warmer-than-normal conditions will prevail in key consuming regions until December 26, which is likely to lead to a notable Read More
Crude oil prices experienced an increase of 0.95%, closing at Rs 5,228. This uptick was influenced by geopolitical tensions following the US’s seizure of a tanker associated with Venezuela, which has heightened concerns regarding possible supply disruptions. Venezuela characterized the action as an instance of piracy, with tensions escalating further due to Ukraine’s ongoing assaults Read More
