Natural gas prices experienced an increase, closing up by 1.81% at Rs 326.4, bolstered by anticipations that severe cold weather will significantly elevate heating demand while simultaneously restricting production due to freeze-offs at oil and gas wells. Weather forecasts suggest that temperatures are likely to stay predominantly below normal until February 5, with the most 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 concluded the trading session at Rs 280.4, reflecting a decline of 0.95%, influenced by storage data that suggests a more relaxed balance between supply and demand. U.S. gas inventories experienced a decline of 71 bcf in the most recent week, falling short of market expectations which anticipated a draw of 90 bcf. 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
Natural gas prices experienced a significant decline, closing down by 4.08% at Rs 294.2. This downturn was influenced by a slight increase in daily production and weather predictions indicating predominantly mild temperatures for the upcoming fortnight, which are anticipated to maintain heating demand below typical seasonal levels. Despite predictions of a short-lived colder period later Read More
Natural gas prices experienced a significant increase, closing up by 4.93% at Rs 321.4, bolstered by a confluence of reduced output and enhanced expectations for demand driven by favorable weather conditions. Production in the Lower 48 states has moderated to an average of 109.0 bcfd thus far in January, a decrease from the record 109.7 Read More
Natural gas prices concluded the trading session with a notable decline, decreasing by 5.29% to settle at Rs 315.2, as apprehensions regarding weather-related demand significantly impacted market sentiment. Expectations for heating demand have been notably diminished due to forecasts indicating warmer-than-normal temperatures across the US through January 20. Heating Degree Days are anticipated to stay Read More
Natural gas prices experienced a modest increase, closing up by 0.14% at Rs 357.9, bolstered by supply disruptions and anticipated colder weather conditions. The market found support following a temporary reduction in gas supplies from Norway’s significant Troll field, attributed to external power supply issues. Capacity restrictions are anticipated to persist for a day, although Read More
Natural gas prices experienced a significant increase, closing up by 3.95% at Rs 352.5, bolstered by predictions of colder weather and an anticipated rise in heating demand in the upcoming weeks. Meteorologists anticipate a steady decrease in temperatures across the country leading up to January 10, as Heating Degree Days are projected to increase from Read More
Natural gas prices experienced a significant increase, closing up 8.43% at Rs 380.8, propelled by unprecedented feedgas flows to U.S. LNG export terminals and heightened expectations for near-term demand. Gas flows to the eight major LNG export plants have increased to 18.5 bcfd this month, surpassing November’s previous record of 18.2 bcfd. Daily LNG feedgas Read More
Natural gas prices experienced a slight increase, closing up 0.20% at Rs 356.9, as the market navigated the tension between near-record production levels and predictions of milder weather coupled with reduced demand in the upcoming weeks. In December, average output in the Lower 48 states held steady at a record 109.6 bcfd, aligning with the Read More
Natural gas prices increased, closing up by 1.94 percent at Rs 362.9, bolstered by near-record gas flows to LNG export facilities and anticipations of demand exceeding earlier forecasts. Robust export activity persists in supporting prices, despite the fact that domestic production levels remain high. Average gas output in the Lower 48 states has decreased slightly Read More
Natural gas prices experienced a decline of 1.75%, settling at Rs 369.9, as market participants continued to incorporate milder weather forecasts, reduced near-term demand expectations, and near-record supply levels into their assessments. Weather models suggest that warmer-than-normal conditions will prevail in key consuming regions until December 26, which is likely to lead to a notable Read More
