The intensifying conflict in West Asia has caused a new shock to the world’s energy markets, driving up crude prices dramatically, interfering with the flow of gas and oil across the Strait of Hormuz, and compelling big importers like India to strengthen their supply plans. This week’s 24% increase in Brent crude futures is the…
According to a Crisil Ratings assessment, several Indian economic sectors, including basmati rice, fertilizers, airlines, and energy-related industries, could be affected by rising geopolitical uncertainty in the Middle East and disruptions to maritime traffic through the Strait of Hormuz. Given their direct exposure to the region, industries such as basmati rice, fertilizers, diamond polishing, travel…
On March 4, the Indian rupee hit a fresh low of Rs 92 per dollar as investors rushed to safe-haven assets amid rising oil prices due to geopolitical unrest in the Middle East. Compared to Rs 91.47 during the previous trading session, the local currency was trading at Rs 92.17 to the dollar. On March…
UBS said on Friday that U.S. natural gas prices have gone up a lot in recent weeks as forecasts show a colder-than-normal start to winter across the country. UBS believes the market is now focused on possible heating demand and the steady growth of U.S. natural gas exports. This is happening even though gas storage…
Natural gas prices rose by 1.86% to ₹273.9 due to declines in output and increased flows to LNG export plants. Freeport LNG’s plant in Texas is expected to return soon, bolstering export capacity. Despite forecasts of lower demand and abundant gas in storage, prices remain firm. Average gas output in the Lower 48 states fell…
Natural gas prices fell by 3.34% to 300.9 due to rising output, strong inventory builds, and reduced LNG exports. Despite hotter-than-usual temperatures in the U.S., production in the Lower 48 states averaged 105.5 billion cubic feet per day (bcfd) in June, slightly higher than in May. The key weight on prices is the growing storage…
Natural gas prices fell by 6.67% to settle at ₹330.2 due to weaker short-term demand forecasts, mild weather, and a drop in LNG exports. Despite a dip in production, bearish sentiment dominated the market. The average output in the lower 48 U.S. states slipped to 105.7 billion cubic feet per day in April, slightly below…
Natural gas prices fell by 3.31% to 373.9, driven by near-record output and mild weather forecasts. However, the downside was mitigated by record LNG export flows and concerns over potential reductions in gas exports from Canada following US tariffs on Canada and Mexico. Lower 48 US states saw production increase to 105.5 bcfd in March,…
Natural gas prices rose by 9.1% to ₹387.3 due to record flows to LNG export facilities and higher-than-expected demand forecasts for next week. Despite near-record output and mild weather projections, gas demand in the Lower 48 states is expected to fall from 118.8 bcfd this week to 115.2 bcfd next week. Weather forecasts indicate temperatures…
Shell’s LNG Outlook 2025 predicts a 60% rise in global demand for liquefied natural gas (LNG) by 2040, driven by Asia’s economic growth, decarbonization in industry and transport, and the impact of artificial intelligence. The forecast predicts global LNG demand to reach between 630 million and 718 million tonnes annually by 2040, a higher forecast…
