Natural gas experienced a significant rebound yesterday, increasing by 4.54% to close at Rs 315.3. This movement was influenced by a minor decline in production, strong inflows to LNG export facilities, and upward adjustments to short-term demand projections. The rally occurred in the face of forecasts indicating warmer-than-normal weather extending through mid-February, alongside anticipations of Read More
Natural gas prices experienced a significant increase, closing up by 7.33% at Rs 352.9, as a severe Arctic blast caused the freezing of oil and gas wells and pipelines throughout the United States, resulting in production levels dropping to a two-year low. Frigid temperatures affecting extensive regions of the nation increased the demand for heating 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
Natural gas prices experienced a significant increase, closing up 3.5% at Rs 304.5, bolstered by predictions of colder weather and a reduction in U.S. production levels. Average gas production in the Lower 48 states decreased to 109.1 bcfd in January from a record high of 109.7 bcfd in December, with daily output approaching a three-week Read More
