Natural Gas prices may trade sideways down
Natural Gas prices are likely to trade sideways down, as weak oil prices can weigh on gas prices. MCX Dec contract has support at Rs. 252 levels & resistance at Rs. 266.50 levels. For full story, click here
Articles Tagged "trend"
Iran builds up gasoline stocks
Iran builds up gasoline stocks as prices drop. For full story, click here
IGL stock has shed just 7 per cent
Compared to the 43 per cent erosion in the Sensex since mid-August, the IGL stock has shed just 7 per cent with a low of Rs 98 and a high of Rs 121. For full story, click here
Amex Natural Gas Index loses 16% of its value
Energy stocks moved within striking distance of their Oct. 10 lows with double-digit percentage losses Thursday, as oil futures closed at a three-and-a-half-year low, retail gasoline prices dipped within a whisker of $2 a gallon, and natural-gas shares dropped sharply on a surprise boost in weekly inventory data. For full story, click here
Falling prices brighten outlook for natural gas
Natural gas prices have steadily fallen along with oil prices since the summer, and that has home heating forecasts being adjusted downward. For full story, click here
ONGC shares rose 24 rupees, or 3.7 percent
ONGC rose 24 rupees, or 3.7 percent, to 675.10. India’s biggest explorer said oil will return to $100 a barrel, justifying its 1.4 billion-pound ($2.1 billion) takeover of the U.K.’s Imperial Energy Plc. For full story, click here
Gas prices dip below $2 for first time since 2005
The squeeze at the pumps has eased up considerably, with the price of a gallon of regular unleaded dipping below $2 locally. For full story, click here
Are Natural gas price tied to oil tightly?
It would seem that as the price of crude plummets, so too would natural gas, which at one time was burned off by oilmen seeking only black gold. For full story, click here
Natural-gas futures down 8% on week
Natural-gas futures moved lower, with a bigger-than-expected buildup in last week’s U.S. supplies setting the market up for a weekly price loss of nearly 8%. For full story, click here
Gazprom: Natural gas prices for Europe to fall in 2009
Export prices for sales of Russian natural gas to European consumers will decline at the start of 2009. For full story, click here
