Monday’s trading is centred on oil and gas equities because the price of Brent crude oil is close to $60 per barrel, while the price of US WTI crude oil fell below $60 per barrel. It will have an impact on Indian businesses that refine crude oil and produce petroleum products. The US President’s reciprocal…
Record production levels and forecasts of mild weather that are expected to reduce heating demand in early April led natural gas prices to fall -0.29% to 344.2. Gas storage levels are still 8% below seasonal norms, including inventory drawdowns due to severe cold in January. According to LSEG figures, average gas production in the Lower…
Natural gas prices rose 1.14% to ₹355.4 on the back of a decline in natural gas production and cold weather. The severe cold weather in January and February forced energy companies to remove large quantities of gas from storage, which is 12% below the average for this time of year. According to LSEG data, average…
