Page 6 - Natural Gas Price

Key support for MCX Crude Oil at Rs 7,550; Natural Gas may be range-bound

The MCX Crude Oil futures has near support at Rs 7,550, below which it can slide towards the 200-DMA. Natural Gas need to sustain above the 20-DMA to maintain its positive bias.

Natural gas soars 700%, becoming driving force in the new cold war

In short, natural gas now rivals oil as the fuel that shapes geopolitics. And there isn't enough of it to go around

Bias for MCX Crude Oil seems positive, Natural Gas may remain volatile

The key support levels for the MCX Crude Oil and Natural Gas futures for the remainder of the week are Rs 8,545 and Rs 502.30, respectively.

European gas futures gain as Germany sounds alarm over Russia disruption

Front-month benchmark futures rose as much as 5.8% after German Economy Minister Robert Habeck enacted the "alarm" phase of the emergency plan, saying that Europe's biggest economy is in a gas crisis

MCX Crude Oil may drop to Rs 8,050; Natural Gas likely to bounce back

The MCX Crude Oil futures seem on course to test the 100-DMA around Rs 8,050-level; Select momentum oscillators on Natural Gas have hit oversold territory, thus a pull-back rally can be expected.

MCX Crude Oil may test Rs 9,000-mark; Key hurdle for Natural Gas at Rs 590

The MCX Natural Gas futures can slide all the way towards its 100-DMA placed at Rs 485-level; Crude Oil prices may see share reaction on breakout of the Rs 9,000-9,700 expected trading band.

European gas prices surge after fire in US compounds Russia supply concern

Benchmark futures traded in Amsterdam snapped a six-day falling streak, while UK prices soared as much as 39% before paring gains

CNG price hiked by Rs 2 per kg in Delhi-NCR with effect from today

With the latest hike, CNG is now priced at Rs 73.61 per kg in Delhi, Rs 76.17 per kg in Noida, and Rs 81.94 in Gurugram

Bias turns negative for MCX Crude Oil; Natural Gas futures may consolidate

The MCX Crude Oil futures may test Rs 7,540-odd level this week; while on the upside MCX Natural Gas May futures are likely to face resistance around Rs 590.

MCX Crude Oil futures seem range-bound; Bias positive for Natural Gas

The MCX Natural Gas May futures are likely to trade with a bullish bias in May as long as the commodity holds above Rs 576-level.

MCX Crude Oil futures can rally up to Rs 8,300; Key levels to watch out

The bias is likely to remain bullish as long as Crude Oil futures sustain above Rs 7,830, below which the next crucial support is at Rs 7,730.

Covid-19 pandemic & Russia-Ukraine war: Black swans in India's gas economy

The war in Ukraine is upending the Modi government's efforts to make the creation of natural gas infrastructure and access a critical component of its economic programme

Bias positive for MCX Crude Oil, Natural Gas: Key levels to watch out

The MCX Crude Oil futures may seek support around the 50-DMA at Rs 7,716; while the bias for Natural Gas is likely to remain bullish as long as it sustains above Rs 525.

Trading Bets: GAIL India, Adani Total Gas, GNFC can gain up to 15%

Gas related stocks are likely to benefit from the price hike on commercial LPG; Charts indicate fresh highs for select shares.

Closely monitoring global energy market, potential supply disruptions: Govt

Minister of state in Petroleum and Natural Gas while replying to Rajya Sabha informed that geopolitical situation between Russia-Ukraine has resulted in a steep rise in global crude oil and gas prices

Oil shock: Economy will suffer, but less reason to worry than in the past

The fear now is that consumers will take longer to come out of their shell, growth will moderate and full recovery from the effects of the pandemic will be stretched out even longer, writes T N Ninan

Oil, natural gas prices may see sharp rise over Ukraine tensions: Moody's

Global oil and liquified natural gas (LNG) prices are likely to see a sharp rise in the event of a Russia-Ukraine conflict, Moody's Investors Service said

Oil prices can hit $125 a barrel if Russia-Ukraine crisis worsens: Analysts

Though analysts believe diplomatic efforts will continue leading to a stabilisation and an eventual easing of these tensions, it may take several months for this to happen

Some sharp moves, some luck see India ride surge in global energy prices

Boom in prices has been on for over a year, may not only to sustain but become more pronounced going ahead say experts; Indian economy has felt the heat, but has so far escaped being singed

Nord Stream 2 pipeline delays send European natural gas price soaring

Germany's energy regulator halted the certification process necessary before the new link from Russia can start