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.
Gas related stocks are likely to benefit from the price hike on commercial LPG; Charts indicate fresh highs for select shares.
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
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
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
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
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
Germany's energy regulator halted the certification process necessary before the new link from Russia can start
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
Opec now expects oil demand to grow by 5.82 million barrels per day, down from 5.96 million bpd in its previous forecast
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
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
IGL also increased domestic PNG prices with effect from October 2
Brent crude up nearly 20% in the past month and hit a 3-yr high on Tuesday
Pakistan does get more than half its LNG under long-term contracts, which provides some protection against the volatile spot market
Natural gas and coal prices rally to record peaks as traders brace for winter crunch
Millions around the globe will feel the impact of soaring natural gas prices this winter
Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains
Domestic gas price to be revised upwards from October 1
Reliance Industries Ltd will start natural gas production from MJ field - the third that the firm is developing in the eastern offshore KG-D6 block in last quarter of 2022 to raise overall output