Crude Oil settled up 3.16% at Rs 9,798, buoyed by renewed supply concerns following reports of a missile attack on Saudi Arabia’s largest oil refinery, which possesses a processing capacity of 550,000 barrels per day. Yemen’s Iran-aligned Houthis have asserted their responsibility for the strike, heightening apprehensions regarding the intensification of tensions in the Middle Read More
Crude oil concluded the trading session with an increase of 1.63%, reaching Rs. 9,177, driven by rising supply concerns in the Middle East, intensified assaults on shipping, and interruptions to Russian energy infrastructure. The US Central Command has confirmed that an Iranian projectile hit a Singapore-flagged container ship, which subsequently sank in the Strait of Read More
Natural gas prices increased by 0.53% to close at Rs 244.6, bolstered by a recent decline in daily production and marginally improved near-term demand forecasts. Despite overall production in the U.S. staying close to record highs, a recent short-term decline of approximately 4.6 bcfd, primarily from Texas and Louisiana, has provided some upward pressure on Read More
Natural gas prices experienced a significant decline of 3.24%, closing at Rs 265.4, influenced by a reduction in geopolitical tensions that affected market sentiment. Donald Trump indicated that the United States might withdraw from the Iran conflict in the coming weeks, leading to heightened anticipation that disturbances in the Strait of Hormuz could progressively diminish. Read More
