Natural gas prices increased by 1.29% to close at Rs 282.7, buoyed by short covering following recent downturns. However, the overall fundamental perspective continues to be shaped by increasing domestic production and diminished demand for LNG exports. Maintenance work at Freeport LNG’s export facility in Texas has continued to restrict gas flows for liquefaction, thereby 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 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 prices increased by 3.78%, closing at Rs 274.5, driven by a blend of constrained supply conditions and robust export demand. The increase was mainly attributed to a storage build that was less than anticipated, reduced production rates, and nearly unprecedented LNG exports. The EIA reported a storage injection of 79 Bcf for the Read More
