Page 6 - Natural Gas Price
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
 "CNG price hiked by Rs 2 per kg in Delhi-NCR with effect from today")
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.
 "Bias turns negative for MCX Crude Oil; Natural Gas futures may consolidate")
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 seem range-bound; Bias positive for Natural Gas")
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.
 "MCX Crude Oil futures can rally up to Rs 8,300; Key levels to watch out")
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
 "Covid-19 pandemic & Russia-Ukraine war: Black swans in India's gas economy")
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.
 "Bias positive for MCX Crude Oil, Natural Gas: Key levels to watch out")
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.
 "Trading Bets: GAIL India, Adani Total Gas, GNFC can gain up to 15%")
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
 "Closely monitoring global energy market, potential supply disruptions: Govt")
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
 "Oil prices can hit $125 a barrel if Russia-Ukraine crisis worsens: Analysts")
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
 "Some sharp moves, some luck see India ride surge in global energy prices")
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
 "Nord Stream 2 pipeline delays send European natural gas price soaring")
Buoyed by power crunch, Brent crude oil crosses $86-mark
Brent crude oil futures were up 13 cents, or 0.15 per cent, to $84.73 a barrel at 9.00 pm ist, after hitting $86.04, their highest level since October 2018
 "Buoyed by power crunch, Brent crude oil crosses $86-mark")
OPEC trims 2021 demand forecast but says gas price surge could help
Opec now expects oil demand to grow by 5.82 million barrels per day, down from 5.96 million bpd in its previous forecast
 "OPEC trims 2021 demand forecast but says gas price surge could help")
EU proposes tax breaks, caps to shield users from energy rally
The rally in natural gas to power and emission permits is hurting everyone from German chemicals producers to Spanish households just as the economy is recovering from the pandemic
 "EU proposes tax breaks, caps to shield users from energy rally")
Domestic natural gas price up by over 60%: Impact and future outlook
Debasish Mishra, a partner at Deloitte in India, explains the impact of the latest price revision, and the future outlook for gas, in this conversation with Twesh Mishra. Listen in
 "Domestic natural gas price up by over 60%: Impact and future outlook")
CNG, PNG prices hiked in Delhi, other markets: Check details here
IGL also increased domestic PNG prices with effect from October 2
Sharp rise in natural gas prices, power outages worsen inflation worries
Brent crude up nearly 20% in the past month and hit a 3-yr high on Tuesday
 "Sharp rise in natural gas prices, power outages worsen inflation worries")
Pakistan's dependence on natural gas is turning into a nightmare
Pakistan does get more than half its LNG under long-term contracts, which provides some protection against the volatile spot market
 "Pakistan's dependence on natural gas is turning into a nightmare")
