Page 6 - Natural Gas
Key trading levels to watch out on MCX Crude Oil, Natural Gas futures
The MCX Natural Gas futures are likely to trade with a bullish bias for the remainder of the week as long as prices sustain above Rs 709.50.
 "Key trading levels to watch out on MCX Crude Oil, Natural Gas futures")
Upside for MCX Crude Oil may be capped at Rs 9,200 for now
On the downside, the MCX Crude Oil futures may test support near Rs 8,600-level; Natural Gas futures are likely to consolidate with support seen at Rs 600-mark.
 "Upside for MCX Crude Oil may be capped at Rs 9,200 for now")
India's core sector output expands at six-month high of 8.4% in April
The output of eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity had expanded by 4.9 per cent in March 2022.
 "India's core sector output expands at six-month high of 8.4% in April")
GAIL's natural gas supply reaches HPCL Mittal Energy refinery in Bathinda
The dedicated pipeline, which will supply 1 million standard cubic meters per day of gas to HMEL, has been laid at a cost of Rs 142 crore
 "GAIL's natural gas supply reaches HPCL Mittal Energy refinery in Bathinda")
Ukrainians stop Russian natural gas at one hub, make gains in east
In 11 weeks, the war has played out on battlefields in Ukrainian towns and cities but also in energy and financial markets
 "Ukrainians stop Russian natural gas at one hub, make gains in east")
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")
Desperate search on for survivors in Cuba hotel blast that killed 27
A natural gas leak was the apparent cause of Friday's blast at the 96-room hotel.
 "Desperate search on for survivors in Cuba hotel blast that killed 27")
LIVE: Prez Ram Nath Kovind to visit two Caribbean nations from May 15 to 21
For all the latest news and developments from across the globe, stay tuned
 "LIVE: Prez Ram Nath Kovind to visit two Caribbean nations from May 15 to 21")
Italy lowers fuel taxes to help tackle surging prices due to Ukraine war
A statement from the office of PM Mario Draghi read, excise taxes on gasoline, diesel fuel, liquified petroleum gas, and all forms of natural gas will be lowered starting Tuesday, until atleast July 8
 "Italy lowers fuel taxes to help tackle surging prices due to Ukraine war")
A core problem in domestic oil: Widening gap between targets and output
A persistent gap between output and targets has played its part in subdued core-sector growth
 "A core problem in domestic oil: Widening gap between targets and output")
Russia suspending natural gas supplies over ruble to Poland, Bulgaria
Russia is suspending natural gas deliveries to Poland beginning Wednesday morning after Poland refused a demand to pay for its supplies in Russian rubles, Polish officials said
NITI Aayog bats for pricing freedom on natural gas in India
NITI Aayog favours selling all natural gas through the Indian Gas Exchange
Rajesh K Mediratta on transparency of Indian Gas Exchange and more
Indian Gas Exchange (IGX) was set up two years ago to free up pricing of domestic natural gas. In an interview with Business Standard's S Dinkar, MD & CEO Rajesh K Mediratta shares its journey so far
 "Rajesh K Mediratta on transparency of Indian Gas Exchange and more")
MCX Crude Oil, Natural Gas: Key trading levels to watch out on April 13
MCX Crude Oil futures can test the 20-DMA in the near term placed at Rs 7,900-odd level.
 "MCX Crude Oil, Natural Gas: Key trading levels to watch out on April 13")
US consumption of natural gas to increase: Energy Information Admin
The US Energy Information Administration forecast in a report that the consumption of natural gas in the country will average 84.1 billion cubic feet per day in 2022
 "US consumption of natural gas to increase: Energy Information Admin")
What is fracking and what makes it controversial?
Soaring energy prices are spooking the markets and nudging countries into looking for more oil reserves. Fracking is one of the ways to extract gas and oil. What it is and why it is controversial?
 "What is fracking and what makes it controversial?")
LNG price volatility a cause of concern for consumers: Nakul Raheja
We see a very bright future for gas in India, said Shell Energy India's Raheja, In terms of long term LNG prices, volatility has been a lot less
 "LNG price volatility a cause of concern for consumers: Nakul Raheja")
Push to pay for natural gas in rubles not disrupting supply, says Russia
German officials said contracts stipulate payment for gas in euros and dollars and that must continue
 "Push to pay for natural gas in rubles not disrupting supply, says Russia")
European gas buyers navigate Russian rouble order as supply threat eases
But Russia does not have an alternative market to deliver its natural gas to, so stopping flows would also hit its income
 "European gas buyers navigate Russian rouble order as supply threat eases")
Unsettling the energy mix, clawbacks
The energy markets are in a flux and the ideal mix is changing.
 "Unsettling the energy mix, clawbacks")
