On expectations that demand will fall as the extreme heat wave that has been engulfing much of the central region of the country and Texas begins to subside, natural gas yesterday declined by -0.29% to 209.3. Extreme heat increases the quantity of gas burnt to generate cooling power, notably in Texas, which derives the majority…
The price of natural gas yesterday increased by 1.83% to 211.6 due to projections for colder this week and warmer next week, which should increase demand more than initially anticipated through early June. Low levels of wind energy in recent weeks have pushed power companies to burn more gas to make electricity, which has helped…
With a fourth consecutive week of closing up, natural gas is looking strong. However, for the bulls in the trade, prices have remained stagnant in the lower $2 level, scarcely moving the needle. On Friday, the front-month gas contract traded on the Henry Hub of the New York Mercantile Exchange settled at $2.266 per metric…
The price of natural gas yesterday decreased by -4.48% to settle at 181.3 as drillers continue to extract record amounts of gas from the ground while the heating demand is reduced by the seasonally warmer weather and by units closing for spring maintenance. Average gas production in the Lower 48 States of the United States…
Oil corporations are making ₹10 per liter on petrol sales, but retail prices haven’t dropped to make up for earlier losses and a ₹6.50 per liter loss on diesel, a report said. The prices of petrol and diesel have not been updated by state-owned IOC, BPCL, and HPCL in pace with inflation for the past 15 months….
Petrol sales in India recovered in August but diesel continued to show a decline over the last month as rains in several parts nicked away demand in some sectors, mainly industry data showed. Petrol sales, which had declined 5% in July, increased 5.8% to 2.81 million tonnes in August when compared with 2.66 million tonnes of demand in…
India’s demand for petroleum products like petrol and diesel will grow by 7.73% in 2022, the fastest speed in the world, an OPEC report said, India’s demand for oil products is projected to rise from 4.77 million barrels per day (BPD) in 2021 to 5.14 million BPD in 2022, OPEC said in its monthly oil…
The Organization of the Petroleum Exporting Countries (OPEC) and association including Russia, known as OPEC+, agreed to increase output by 648,000 barrels per day (bpd) in July and 648,000 bpd in August. Ahead of the meeting, sources told Reuters that Saudi Arabia and other OPEC members could increase oil output to offset a drop in…
In a monthly report, “World oil demand would rise by 3.67million barrels per day (bpd) in 2022, down 480,000 bpd from its previous forecast” said Organization of the Petroleum Exporting Countries (OPEC). On Tuesday OPEC cuts the forecast for growth in world oil demand in 2022 citing the impact of Russia’s invasion of Ukraine, high…
The prices of petrol-diesel have not increased today. In the last five days, there is no change in the price of petrol in major cities. Petrol prices in Delhi are at an all-time high of Rs 105.41 per litre, while in Mumbai it costs Rs 120.51 per litre. In other parts of the country, petrol price…
