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 experienced a decline of 2.1%, settling at Rs 252.1. This decrease is attributed to expectations of mild weather conditions, which are facilitating higher-than-normal storage injections. Softer seasonal demand has impacted sentiment, with projections suggesting that inventory levels may increase to approximately 8% above normal in the short term. Furthermore, anticipated demand in Read More
Natural gas experienced a modest increase of 0.24%, concluding at Rs 252.3, bolstered by a recent decline in production and robust inflows to U.S. LNG export facilities. Nonetheless, the increases were constrained as markets assessed the likelihood of diminished demand in the near term alongside the hopeful outlook regarding a possible reduction in tensions in Read More
