Natural gas settled lower by 2.91% at Rs 303.9, influenced by a slight uptick in daily production, predictions of milder weather conditions, and anticipations of reduced demand in the upcoming week. As reported by LSEG, the average natural gas production in the contiguous United States decreased to 110.8 billion cubic feet per day in October, Read More
Natural gas settled down 3.73% at Rs 302.2, influenced by profit booking after the recent rally spurred by supply disruptions in the Gulf of Mexico due to Hurricane Isaias. Producers have curtailed approximately 1.3 billion cubic feet per day, which constitutes 59% of offshore Gulf output. However, the overall effect on US supplies has been Read More
Natural gas concluded the trading session with a decline of 1.32%, settling at Rs 305.8. This decrease can be attributed to elevated domestic storage levels, which have momentarily overshadowed anticipations of increased heating demand and ongoing supply constraints in international markets. However, further downside remained constrained by anticipations of heightened gas flows to liquefied natural Read More
Natural gas concluded the trading session with a 2.07% increase, reaching Rs 301.2. This upward movement was bolstered by a decline in US production in recent weeks, attributed to disruptions in pipeline operations and heightened flows toward LNG export facilities. Additionally, there are anticipations regarding the return of a liquefaction train at Freeport LNG in Read More
Natural gas settled 0.96% lower at Rs 287.5, pressured by expectations of rising production and mild weather conditions that could keep heating and cooling demand subdued. The US Energy Information Administration reported a 64 billion cubic feet storage build for the week ended September 25, reinforcing concerns over comfortable supply levels. US Lower 48 gas Read More
Natural gas concluded the trading session with a decline of 1.16%, settling at Rs 290.3. This decrease was influenced by predictions of reduced demand and anticipations of increased production in the United States, particularly following the resumption of operations at the Mountaineer XPress pipeline in West Virginia. In September, natural gas production in the contiguous Read More
After prices surged due to supply problems in West Virginia and TC Energy’s Columbia Gas Transmission pipeline in Appalachia declared force majeure due to an unforeseen mechanical fault, natural gas finished sharply down by 4.52% at Rs 310.6 as profit booking surfaced. The disruption prompted the most significant single-day increase in US natural gas prices Read More
Natural gas prices concluded the session with a 0.14% increase, reaching Rs 279.6. This uptick was bolstered by optimistic demand projections for the upcoming week and increased inflows to US LNG export facilities. However, the extent of the gains was limited by unprecedented production levels and adequate storage capacities. US Lower 48 gas output averaged Read More
Natural gas settled 0.82% lower at Rs 277.9, influenced by near-record production, adequate storage levels, and revised forecasts indicating milder weather over the upcoming two weeks. Average Lower 48 output was anticipated to decrease to a two-month low of 108.4 bcfd on Tuesday, while elevated temperatures through September 30 are expected to maintain demand for Read More
Natural gas settled higher by 0.65% at Rs 280.2, buoyed by a decrease in daily U.S. production and projections for warmer-than-normal weather extending through the end of September, which may maintain cooling demand. LSEG reported average Lower 48 gas output at 113.2 billion cubic feet per day in September, an increase from the August monthly Read More
Natural gas settled 0.3% higher at Rs 270.5, buoyed by rising oil prices and anticipated stronger demand in the forthcoming fortnight. However, the increase was tempered by near-record production levels in the US and a storage injection that exceeded expectations. As of August 28, US petrol inventories stood 5.2% above the five-year seasonal average. Meanwhile, Read More
Natural gas concluded the trading session with a decline of 2.45%, settling at Rs 274.30. This downturn was influenced by record production levels in the U.S., high storage capacities, and anticipations of sufficient supplies for the winter season. The premium of November futures over October has decreased to a historic low of approximately $0.11 per Read More
Natural gas settled 0.25% higher at Rs 281.2, driven by unseasonably warm weather in parts of the Midwest and eastern United States, which increased cooling demand. This prompted power generators to utilise more gas to satisfy heightened air-conditioning needs. However, the market maintained equilibrium due to increasing production and anticipations of subdued demand in the 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 prices concluded the trading session with an increase of 1.45%, reaching was bolstered by a storage injection that was smaller than the typical amount and predictions of persistently warm weather throughout the United States, especially with record-high temperatures anticipated in the Southwest over the weekend. The Commodity Weather Group anticipates that temperatures will 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 concluded the trading session with a decline of 3.58%, settling at Rs 261.1. This drop can be attributed to record production levels in the US, which prompted profit-taking following a rise that brought prices to a nearly four-week peak in the preceding session. The latest data from the Energy Information Administration indicated that Read More
Natural gas settled 1.19% higher at Rs 263.7, bolstered by projections for heightened demand due to the anticipated continuation of hotter-than-normal weather across the United States thru August 29, which is likely to elevate air-conditioning requirements from power generators. Average US Lower 48 gas output increased to 111.3 billion cubic feet per day in August, Read More
Natural gas prices concluded the trading session with a decline of 2.8%, settling at Rs 260.6. This decrease can be attributed to robust production levels in the U.S. and sufficient storage inventories, which overshadowed the persistent demand influenced by weather conditions in the power sector. Hotter-than-normal weather is anticipated to continue until August 28, which Read More
Natural gas prices concluded the trading session at Rs 265.4, reflecting a decline of 0.38%. This decrease is attributed to diminished LNG export flows, nearly unprecedented production levels, and anticipations of reduced demand in the forthcoming fortnight. In August, gas output in the U.S. Lower 48 states averaged 111.1 billion cubic feet per day, surpassing Read More
