Rising Gas Prices
Analysts see crude at $150 on panic buying if Israel-Iran tensions escalate
The attacks, according to analysts at Rabobank International, expose wider risks to crude and natural gas supplies from the region despite the initial quick reversal of price gains for both markets
 "Analysts see crude at $150 on panic buying if Israel-Iran tensions escalate")
Petronet LNG share price tumbles 8.5%; why are the PSU's stocks falling?
Petronet LNG share price: According to reports, PNGRB said that despite Dahej's plan to expand its capacity to 22.5 MMTPA, the re-gas charges have risen by 5 per cent annually
 "Petronet LNG share price tumbles 8.5%; why are the PSU's stocks falling?")
Stocks to Watch on Aug 1: Adani Total, PVR Inox, Maruti, ITC, SBI, autos
Stocks to Watch on Tuesday, August 1, 2023: The Board of ITC will meet on August 14 to announce Q1FY24 results, and consider the Scheme of Arrangement for the demerger of Hotels Business
 "Stocks to Watch on Aug 1: Adani Total, PVR Inox, Maruti, ITC, SBI, autos")
Gas price hike: Analysts say CNG prices may rise by at least Rs 8-12 per kg
The government last week raised the prices of gas produced from old fields, called APM gas, to $8.57 per million British thermal unit from $6.1
 "Gas price hike: Analysts say CNG prices may rise by at least Rs 8-12 per kg")
Fitch cuts India FY23 GDP growth forecast to 7%; world GDP growth at 2.4%
At a more macro level, Fitch now expects world GDP to grow by 2.4 per cent in 2022 - revised down by 0.5 percentage points (ppt) since the June assessment
 "Fitch cuts India FY23 GDP growth forecast to 7%; world GDP growth at 2.4%")
Deflating gas economy: Kirit Parikh has a tough task on hand as prices soar
As global prices soar, another committee to review gas pricing policies may find the going more challenging
 "Deflating gas economy: Kirit Parikh has a tough task on hand as prices soar")
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
 "Natural gas soars 700%, becoming driving force in the new cold war")
Higher prices of natural gas take the steam out of gas utility stocks
However, despite the likely pressure on volumes and margins, and having cut earnings estimates, most analysts are positive on the natural gas sector
 "Higher prices of natural gas take the steam out of gas utility stocks")
Petrol, diesel prices can rise by Rs 12, LPG by Rs 280 a cylinder: Nomura
Besides the petrol, diesel and LPG prices, compounding the woes for manufacturers and consumers alike is the sharp hike in prices of natural gas starting April 1 for a period of six months
 "Petrol, diesel prices can rise by Rs 12, LPG by Rs 280 a cylinder: Nomura")
Rising gas prices hurting Essar Steel, Torrent Power margins
While company officials declined to comment, they said volatility in gas prices was a challenge
 "Rising gas prices hurting Essar Steel, Torrent Power margins")
