India’s crude oil production rose by 4.6% year on year to 2.6 million tonnes (mt) in May 2022. Compared with the target for the month, the output was higher by 2.4%. Progressively, the output during the first two months of FY23 raised around 2% y-o-y to 5.1 mt, while it was higher by 2.9% compared…
Oil bounce back on Wednesday after jumping nearly 10% over the previous two sessions, encouraged by supply concerns as the European Union works on gaining support for a stop on Russian oil and as major manufacturers warned they may suffer to fill the gap when demand increases. Oil prices have slipped with commodities and share…
British wholesale gas prices were mixed on Wednesday morning, rising earlier in the day on lower wind forecasts, but other contracts weakened as demand for warmer weather and falling carbon prices. 0834 GMT One day earlier the trade increased by 0.30 pence to 63.75 pence. The September contract was down 0.90 pence at 63.10 p…
GECF firmly believes that natural gas, through its abundant, affordable, and clean hydrocarbons, plays a key role in energy conversion, while supporting progress in many sustainable development dimensions, including the protection of ecosystems, human health, and the economy. The Gas Exporting Countries (GECF), a government-coalition partnership of 19 of the world’s leading gas producers, represents…
technically the natural gas market is under new buying as the market rise 4.59% to open interest and settled at 13675, with prices rising to 2.5 rupees. Natural gas is supported at 187.5, below which the test can be seen at 185.8 levels, and resistance can now be seen at 190.9, with a move above…
