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BRITISH THERMAL UNIT
Natural gas prices rebound as inventories tighten, LNG exports rise: Motilal OswalNatural gas prices are climbing back up. This recovery is driven by lower stored gas, increased power sector use, and more US liquefied nat...- Oil prices to ease after US-Iran deal, but return to pre-war levels could take months: AnalystsEnergy markets anticipate price moderation for crude oil and liquefied natural gas. A potential US-Iran peace agreement and the reopening o...
- India fertilizer offers sink in sign of easing supply strainIndia's urea import prices have dropped sharply, less than half of April's rates. This indicates global fertilizer supply issues are easing...
- An LNG glut is on its wayThe closure of the Strait of Hormuz and the shutdown of Qatar’s LNG exports have pushed gas prices higher, but the disruption could ultimat...
- Indian power firms snap up gas to meet rising night-time cooling demandIndia's power companies have significantly boosted natural gas purchases from a domestic exchange, quadrupling them to combat soaring summe...
- ONGC bets on gas-led growth as premium pricing boosts profitabilityONGC anticipates natural gas will drive its future growth and profitability. New high-priced gas production is set to increase significantl...
- RIL, foreign firms refute in SC Centre's claim of 'unjust' extraction of gas from KG basinReliance Industries and its offshore partners are strongly denying allegations of siphoning gas from ONGC fields. The companies are in the ...
- India looks to boost LNG tank capacity as Qatar supplies stallIndia imports about half of its natural gas requirement, which is used to generate electricity, make fertiliser, convert into CNG to run au...
- Why are oil prices down today while gas rates are witnessing a rise? Oil and natural gas markets move in opposite directions. Here's Brent, US WTI crude, Waha Hub pricesWhy are oil prices down today while gas rates are witnessing a rise? Oil prices fell after Iran proposed new talks with the United States t...
- Oil firms selling petrol at Rs 14 a litre loss, diesel at Rs 18Indian oil companies face substantial losses on petrol and diesel sales. Elevated crude oil prices are squeezing marketing margins. Cooking...
- LPG under-recoveries may hit Rs 80,000 crore in FY2027 amid West Asia disruptions: ICRAIndian oil companies face significant financial strain. LPG under-recoveries may reach Rs 80,000 crore by FY2027. Supply disruptions and hi...
- Global Market Today: Oil jumps, Asian shares mixed as US-Iran talks stallOil prices surged to a three-week high as stalled U.S.-Iran peace talks prolonged Middle East energy export disruptions. U.S. stock futures...
- Pakistan LNG seeks three spot LNG cargoes in first tender since December 2023Pakistan is seeking LNG cargoes to address supply shortages. The country has not received shipments since a conflict began. This has impact...
- Iran war exposes cost of Asia's fossil fuel relianceThe latest global energy shock highlights the risks of fuel import dependence, with Bangladesh hit hard by soaring LNG costs after supply d...
- Shell steps up LNG supplies to India, wins major fertiliser tenders after Gulf disruptionsGlobal energy firm Shell plc has significantly increased natural gas supplies to India. This comes as disruptions from the West Asia confli...
- Government hikes gas price by 62 pc; CNG rates may go upThe price of natural gas produced by state-owned firms such as ONGC from fields given to them on nomination basis will be USD 2.90 per mill...
- BP to write off up to $17.5 bn after reduced oil price forecastBP revised its assumptions for benchmark Brent crude oil prices to an average of about $55 a barrel between 2021 and 2050. It will also ass...
- Essar begins supplying gas to GAILPeak coal bed methane (CBM) production from Raniganj East block is envisaged at 2.3 million standard cubic metres per day.
- India raises natural gas price for Oct-March by nearly 10 pct to $3.36/mmBtuThe prices will be applicable on gross heat value basis.
- Government may cut gas price for producers by 20 per cent in OctoberPrice of natural gas produced from existing fields of ONGC and RIL is likely to fall to $ 2.45 per million British thermal unit with effect...
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