Natural gas settled higher by 0.97% at Rs 280.5, buoyed by unseasonably warm weather in parts of the Midwest and eastern United States. This climatic condition sustained elevated cooling demand and prompted power generators to increase their consumption of gas for electricity generation. Average US Lower 48 gas production rose to 112.9 billion cubic feet Read More
Natural gas settled 0.65% higher at Rs 279, buoyed by forecasts indicating stronger demand over the next two weeks. The weather is anticipated to remain hotter than normal at least until mid-September, providing additional support for prices. The gain occurred notwithstanding a minor reduction in gas flows to certain Gulf Coast LNG facilities, including Cheniere Read More
Natural gas settled 0.6% higher at Rs 266.4 as traders balanced expectations for persistent summer heat against abundant supply. The latest EIA report showed U.S. utilities added only 16 billion cubic feet of gas to storage in the week ended August 14, below the market expectation of 19 bcf, the 19 bcf injection recorded a Read More
Natural gas prices declined by 0.76%, closing at Rs 248.7, influenced by a storage build that exceeded expectations and predictions indicating milder weather along with reduced demand in the short term. The most recent figures indicated a 50 bcf injection into storage, slightly exceeding expectations, which suggests a favorable supply environment as the sector transitions Read More
