Crude oil prices experienced a significant increase, closing with a gain of 3.49% at Rs 5,630. This surge was largely attributed to escalating geopolitical tensions following U.S. President Donald Trump’s renewed threats toward Iran, which heightened concerns regarding possible disruptions in supply. Further assistance was derived from disruptions in Kazakhstan, where operations at the significant Read More
Natural gas prices experienced an increase, closing up by 1.81% at Rs 326.4, bolstered by anticipations that severe cold weather will significantly elevate heating demand while simultaneously restricting production due to freeze-offs at oil and gas wells. Weather forecasts suggest that temperatures are likely to stay predominantly below normal until February 5, with the most Read More
Crude oil prices concluded the trading session with an increase of 0.94% at Rs 5,569, reflecting market responses to a confluence of supply-side disruptions, optimistic demand forecasts, and geopolitical uncertainties. Prices stabilized following a brief halt in operations at two significant oil fields in Kazakhstan, which has heightened immediate supply apprehensions. Sentiment was further shaped Read More
Natural gas prices experienced a significant increase yesterday, closing with a rise of 5.47% at Rs 351, largely propelled by a rally influenced by weather conditions, as forecasts indicated a shift toward much colder scenarios across the Northern Hemisphere. The expansion of the polar vortex has facilitated the incursion of Arctic air into the central Read More
Crude oil prices experienced a slight decline yesterday, with the benchmark closing down 0.5% at Rs 5,422. This movement can be attributed to the recent easing of civil unrest in Iran, which has diminished the likelihood of a U.S. military response that might have threatened the stability of Middle Eastern supply chains. Decreased geopolitical risk Read More
Natural gas prices concluded the trading session at Rs 280.4, reflecting a decline of 0.95%, influenced by storage data that suggests a more relaxed balance between supply and demand. U.S. gas inventories experienced a decline of 71 bcf in the most recent week, falling short of market expectations which anticipated a draw of 90 bcf. Read More
Crude oil prices experienced a notable decline, closing 3.9% lower at Rs 5,366, as the geopolitical risk premium diminished and supply-side issues reemerged. Sentiment diminished following U.S. President Donald Trump’s apparent retreat from previous threats of possible military action against Iran, alleviating concerns over immediate disruptions. In a further indication of a bearish sentiment, Venezuela Read More
Crude oil prices experienced a slight decline, closing down 0.32% at Rs 5,335, as the anticipation of a revival in Venezuelan oil exports overshadowed the premiums associated with geopolitical risks. Market participants concentrated on signals suggesting that Venezuela might soon make available up to 50 million barrels of previously sanctioned crude, thereby contributing to short-term Read More
Natural gas prices experienced a significant decline, closing down by 4.08% at Rs 294.2. This downturn was influenced by a slight increase in daily production and weather predictions indicating predominantly mild temperatures for the upcoming fortnight, which are anticipated to maintain heating demand below typical seasonal levels. Despite predictions of a short-lived colder period later Read More
Crude oil prices experienced a decline in the previous session, closing down by 1.14% at Rs 5,210, as investors took profits while evaluating the wider ramifications of the US military operation in Venezuela, in conjunction with other persistent geopolitical risks. Market sentiment exhibited a cautious demeanor following OPEC+’s decision to maintain its output policy, sidestepping Read More
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
