Natural gas prices increased by 0.31% to close at Rs 256.7, rebounding through short covering following recent declines attributed to expectations of reduced seasonal demand and milder weather conditions. Weather forecasts persist in suggesting a below-average cooling demand throughout a significant portion of the United States in the upcoming weeks, thereby constraining the necessity for Read More
Natural gas futures concluded at Rs 264.4, reflecting a 0.65% increase, buoyed by a less-than-anticipated rise in U.S. natural gas storage. This development has bolstered expectations for a comparatively tighter supply in the near term. The latest report from the Energy Information Administration indicated that utilities injected 28 billion cubic feet of gas into storage Read More
Natural gas declined 4.62% to settle at Rs 264.5, reflecting the overall downturn in global energy markets following a reduction in geopolitical tensions in the Middle East. Prices experienced downward pressure following Iran’s announcement of a cessation of retaliatory attacks in light of the suspension of US military strikes, which alleviated concerns regarding potential disruptions Read More
Natural gas prices concluded the session at Rs 283.40, with optimistic demand forecasts driven by weather patterns counterbalanced by adequate supply levels and profit-taking activities. Prices received a boost from a significant increase in crude oil and revised projections indicating above-average temperatures throughout the United States until early August, anticipated to elevate electricity consumption for Read More
Natural gas prices concluded the trading session with a 0.25% increase, reaching Rs 275.3. This uptick can be attributed to short covering following recent downturns, which were influenced by increased production, diminished liquefied natural gas export flows, and anticipations that Tropical Storm Bertha would lead to a temporary decline in energy demand along the US Read More
Natural gas prices increased by 2.47%, concluding at Rs 281.70, bolstered by short covering and enhanced demand expectations. Market sentiment improved as forecasts indicated a rise in petrol consumption in the upcoming weeks, supported by heightened feedgas flows to the Freeport LNG export facility in Texas after previous operational setbacks. Fundamental indicators continued to exhibit 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 declined by 0.26% to close at Rs 306, influenced by ample supply, declining crude oil prices, and predictions of milder weather that are anticipated to restrict short-term cooling demand. Despite ongoing forecasts from meteorologists indicating above-normal temperatures throughout the United States until July 16, the projections lacked sufficient strength to alleviate apprehensions Read More
Natural gas prices experienced a decline of 3.7%, settling at Rs 294.4. This drop was influenced by expectations that U.S. gas inventories will remain well above seasonal norms, even in the face of robust summer cooling demand. Market sentiment was influenced by a modest rise in daily production and ongoing confidence in sufficient supply availability. 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 yesterday settled higher by 2.13% at Rs 263.9 following the U.S. Energy Information Administration’s report of a smaller-than-expected increase in natural gas storage levels, which bolstered bullish market sentiment. Utilities injected 63 billion cubic feet of gas into storage during the week ended May 1, which fell short of market expectations of 74 Read More
Natural gas prices decreased by 2.24%, concluding at Rs 262.1, influenced by near-record production levels and predictions indicating milder weather along with reduced heating demand in the upcoming week. Output across the Lower 48 states has averaged 108.6 bcfd so far in February, an increase from January’s 106.3 bcfd and approaching December’s record of 109.7 Read More
