Natural gas prices concluded the trading session with an increase of 2.96%, reaching Rs 278.3. This rise was bolstered by heightened demand for cooling during the summer and anticipations of a storage injection that would be smaller than usual. However, the extent of the gains was limited by strong production levels in the US and 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 decreased by 2.57%, closing at Rs 280.3. This decline was influenced by anticipations of reduced feedgas demand from LNG export facilities, coupled with stronger-than-expected storage injections. Freeport LNG has declared a period of scheduled maintenance at its pre-treatment and liquefaction facilities, set to occur from 10 July through late August. This maintenance Read More
Natural gas prices increased by 2.97% to close at Rs 312, bolstered by short covering amid heightened liquefied natural gas export demand and anticipations of unprecedented electricity consumption, which enhanced market sentiment. A severe heat wave across the United States has led to a notable surge in air-conditioning demand, as temperatures in New York City Read More
Natural gas prices concluded the trading session with a 0.38% increase, reaching Rs 312.9. This uptick was bolstered by enhanced flows to U.S. liquefied natural gas export facilities, alongside predictions of above-normal temperatures that are anticipated to elevate electricity demand for air conditioning purposes. Weather forecasts suggest that above-average temperatures will continue until July 11, Read More
