Page 3 - Gas Prices

Average US gas price drops 6 cents over 2 weeks to $4.37 a gallon

The average US price of a gallon of regular-grade gasoline dropped 6 cents over the past two weeks to $4.37 per gallon.

Gas prices in Europe hit new all-time high, reaching over $3,600

Gas prices in Europe skyrocketed on Monday, reaching over $3,600 per 1,000 cubic meters for the first time in history.

Sustained Russia-Ukraine conflict likely to raise gas prices: Moody's

Global gas prices are expected to rise if any material and sustained escalation in the conflict between Russia and Ukraine puts constraints on Russia's gas exports, Moody's Analytics said.

Surging prices threaten to scupper India's coming-of-age gas party

Domestic gas prices are much lower than LNG rates as they are controlled by the government

Fighting gas prices, US decides to release 50 million barrels of oil

The government will begin to move barrels into the market in mid- to late-December

European gas surges 40% as EU pledges action amid record rally

Dutch and U.K. gas futures have jumped 60% in just two days, hitting fresh records along with surging power as EU lawmakers debated the crisis

Natural gas price increase positive for ONGC, Reliance: Fitch

The gas price increase will hit the fertiliser sector's profitability by increasing working-capital requirements, Fitch said.

Gas-fired stocks to charge ahead as demand for cleaner fuels rises: Experts

Rising availability and demand for cleaner fuels will aid growth

Freezing temperatures push Asian gas prices to new records

Limited LNG tanker availability may keep spot LNG prices elevated

IGX eyes 5% of total spot LNG and domestic gas trade on its exchange

Since its launch in June 2020, some 2 million standard cubic meters a day (mscmd) of natural gas have been traded on the Gas Trading Platform; current demand in India is around 160 mscmd

Lower gas prices to benefit urea producers, reduce subsidy needs: Icra

The decline in domestic gas prices is likely to benefit urea producers as it will lower the cost of production and reduce the requirement of subsidy, ratings agency Icra said

ONGC, OIL earnings hinge on upside in crude prices as production stagnates

With not much upside in output and gas prices weak, earnings are expected to be under pressure

ONGC asks govt to cut cess, royalty, free gas price to help company survive

The fall in international oil prices and natural gas prices falling to a decade low of $ 2.39 per million BTU is threatening to push the firm into making cash-losses on a monthly basis

ONGC, Oil India worst hit by domestic gas price cuts; GAIL set to gain

Rising share of gas in the volume mix in a falling price scenario is negative for them

Govt mulls spinning off GAIL's gas pipeline business into a separate unit

The plan to carve the pipelines business into a fully-owned unit will bring greater transparency between the two businesses and may allow govt to sell shares at a later date

Gas price cut unlikely to bring respite to Gujarat's ceramic players

PNG prices have recently been cut to Rs 31.86 per cubic metre, from Rs 33.93 per cubic metre for the state's ceramic industry