Natural Gas futures slump on bearish supply data 20/06/2014

Natural Gas futures slump on bearish supply data
20/06/2014 09:04
Natural Gas futures tumbled in the domestic market on Thursday as investors and speculators exited positions in the energy commodity tracking a weak trend in overseas market as a bigger than expected rise in US gas stockpiles signaled weakening demand for the fuel in the world’s biggest crude oil consumer. US gas stockpiles rose 113 billion cubic feet to 1.719 trillion cubic feet last week, against expectations of a 110 billion cubic feet rise. At the MCX, Natural gas futures for June 2014 contract closed at Rs. 277 per mmBtu, down by 1.21 per cent, after opening at Rs 279.90, against the previous closing price of Rs 280.40. It touched an intra-day low of Rs 275.40.

Natural Gas futures continue upward journey 16/06/2014

Natural Gas futures continue upward journey
16/06/2014 09:01
Natural Gas futures surged in the domestic market on Friday as investors and speculators booked fresh positions in the energy commodity amid hopes that summer temperatures in the US may boost the demand for the fuel which is used to fire up air conditioners. Latest weather forecasting models predicted warmer than normal weather in the US East and West coasts over the next few days, bolstering demand for firing up power plants. At the MCX, Natural gas futures for June 2014 contract closed at Rs. 284.70 per mmBtu, up by 0.99 per cent, after opening at Rs 282.50, against the previous closing price of Rs 281.90. It touched an intra-day high of Rs 286.90.

Natural Gas futures surge on supply data 13/06/2014

Natural Gas futures surge on supply data
13/06/2014 09:47
Natural Gas futures surged in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity tracking a firm trend in the overseas market after US gas supplies rose less than estimated last week, signaling improving demand for the fuel in the world’s biggest consumer. US gas stockpiles rose 107 billion cubic feet to 1.606 trillion cubic feet last week, the EIA said. Analysts were expecting US gas supplies to rise 111 billion cubic feet last week. At the MCX, Natural gas futures for June 2014 contract closed at Rs. 281.90 per mmBtu, up by 4.68 per cent, after opening at Rs 269.50, against the previous closing price of Rs 269.30. It touched an intra-day high of Rs 282.10.

Natural Gas futures end tad higher ahead of US supplies data 05/06/2014

Natural Gas futures end tad higher ahead of US supplies data
05/06/2014 09:39
Natural Gas futures ended with slim gains in the domestic market on Wednesday as investors and speculators stayed cautious over booking fresh positions in the energy commodity ahead of the weekly US supplies data on Thursday which may show a rise in US gas stockpiles last week, signaling sluggish demand for the fuel in the world’s biggest fuel consumer. US gas stockpiles mat have risen by 116 billion cubic feet last week, analysts’ estimates showed ahead of EIA data. At the MCX, Natural gas futures for June 2014 contract closed at Rs. 275.90 per mmBtu, up by 0.04 per cent, after opening at Rs 275.40, against the previous closing price of Rs 275.80. It touched an intra-day high of Rs 276.60.

Natural Gas futures continue upward journey 04/06/2014

Natural Gas futures continue upward journey
04/06/2014 09:29
Natural Gas futures ended higher in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity as forecasts for warmer temperatures in the US bolstered the demand outlook for the fuel which is used for powering air conditioners. The US is the largest consumer of natural gas, accounting for over 21 per cent of global natural gas consumption. Latest weather forecasts showed above-normal temperatures across the lower 48 US states through the first week of June. At the MCX, Natural gas futures for June 2014 contract closed at Rs. 275.80 per mmBtu, up by 0.91 per cent, after opening at Rs 273, against the previous closing price of Rs 273.30. It touched an intra-day high of Rs 277.40

Natural Gas futures end higher on warm weather outlook 03/06/2014

Natural Gas futures end higher on warm weather outlook
03/06/2014 09:16
Natural Gas futures ended higher in the domestic market on Monday as investors and speculators booked fresh positions in the energy commodity tracking a firm trend in the overseas market as the arrival of warmer weather in the US bolstered the demand outlook for the fuel which is used for powering air conditioners. Latest weather forecasts signaled above-normal temperatures across the lower 48 US states through the first week of June. At the MCX, Natural gas futures for June 2014 contract closed at Rs. 273.30 per mmBtu, up by 0.77 per cent, after opening at Rs 271.90, against the previous closing price of Rs 271.20. It touched an intra-day high of Rs 273.70.

Natural Gas futures surge on warmer US weather 28/05/2014

Natural Gas futures surge on warmer US weather
28/05/2014 09:31
Natural Gas futures surged in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity tracking gains in the overseas market as warmer weather in the US boosted the demand for the fuel which is used to fire up air conditioners. The MDA Weather Services in Maryland predicted above-normal temperatures in most of the contiguous US through June 5, spurring demand from power plants. At the MCX, Natural gas futures for May 2014 contract closed at Rs. 265.10 per mmBtu, up by 2.12 per cent, after opening at Rs 258.60, against the previous closing price of Rs 259.60. It touched an intra-day high of Rs 265.60.

Natural Gas futures end higher on weaker rupee : 27/05/2014

Natural Gas futures end higher on weaker rupee
27/05/2014 09:24
Natural Gas futures closed higher in the domestic market on Monday as a sharp depreciation in the Indian rupee against the US dollar more than offset a subdued trend in the energy commodity in the overseas market. A weaker rupee against the greenback exerted upward pressure on domestic natural gas prices. Natural gas futures ended lower in the overseas market on Monday as markets in the US were closed due to the Memorial Day holiday while investors assessed the outlook for weekly US supplies. At the MCX, Natural gas futures for May 2014 contract closed at Rs. 259.60 per mmBtu, up by 1.01 per cent, after opening at Rs 257, against the previous closing price of Rs 257. It touched an intra-day high of Rs 260.20.

Natural Gas futures rebound on demand outlook :26/05/2014

Natural Gas futures rebound on demand outlook
26/05/2014 09:20
Natural Gas futures regained some lost ground on Friday as investors and speculators booked fresh positions in the energy commodity amid hopes that the arrival of the summer months may boost demand for the fuel which is used to fire up air conditioners. Warmer weather boosts need for using air conditioners, thereby spurring demand for gas-fired electricity. Natural Gas futures may continue the upward journey today on improving demand outlook for the heating fuel. At the MCX, Natural gas futures for May 2014 contract closed at Rs. 257 per mmBtu, up by 0.90 per cent, after opening at Rs 255.20, against the previous closing price of Rs 254.70. It touched an intra-day high of Rs 257.40.

Natural Gas futures tumble on supply data : 23/05/2014

Natural Gas futures tumble on supply data
23/05/2014 09:25
Natural Gas futures slumped in the domestic market on Thursday as investors and speculators exited positions in the energy commodity after a bigger than expected gain in US natural gas stockpiles last week signaled weakening demand for the heating fuel in the world’s biggest economy. US natural gas stockpiles rose by 106 billion cubic feet to 1.266 trillion cubic feet last week, the EIA said. Analysts were expecting stockpiles to rise by 102 billion cubic feet last week. The five-year average stockpile gain for the week stood at 90 billion cubic feet. Natural gas futures may continue the downward trend as a bearish supply data signals gloomy prospects for the fuel. At the MCX, Natural gas futures for May 2014 contract closed at Rs. 254.70 per mmBtu, down by 3.34 per cent, after opening at Rs 263.50, against the previous closing price of Rs 263.50. It touched an intra-day low of Rs 254.10.

Natural Gas futures tumble ahead of supplies data : 22/05/2014

Natural Gas futures tumble ahead of supplies data
22/05/2014 09:32
Natural Gas futures slumped in the domestic market on Wednesday as investors and speculators exited positions in the energy commodity tracking a bearish trend in the overseas market as caution persisted ahead of the weekly US supplies data to be released on Thursday which may show a storage injection of 88 billion cubic feet to 116 billion cubic feet in the week ended May 16, 2014. However, weather forecasts continue to support the demand outlook for natural gas as the arrival of summer in the US boosts demand for the fuel which is used to fire up air conditioners. Natural gas futures may trade on a subdued note today ahead of the weekly supplies data. At the MCX, Natural gas futures for May 2014 contract closed at Rs. 263.50 per mmBtu, down by 1.27 per cent, after opening at Rs 267, against the previous closing price of Rs 266.90. It touched an intra-day low of Rs 263.

Natural Gas futures tumble ahead of supplies data

Natural Gas futures tumble ahead of supplies data
22/05/2014 09:32
Natural Gas futures slumped in the domestic market on Wednesday as investors and speculators exited positions in the energy commodity tracking a bearish trend in the overseas market as caution persisted ahead of the weekly US supplies data to be released on Thursday which may show a storage injection of 88 billion cubic feet to 116 billion cubic feet in the week ended May 16, 2014. However, weather forecasts continue to support the demand outlook for natural gas as the arrival of summer in the US boosts demand for the fuel which is used to fire up air conditioners. Natural gas futures may trade on a subdued note today ahead of the weekly supplies data. At the MCX, Natural gas futures for May 2014 contract closed at Rs. 263.50 per mmBtu, down by 1.27 per cent, after opening at Rs 267, against the previous closing price of Rs 266.90. It touched an intra-day low of Rs 263.

Natural Gas futures surge on warmer weather outlook : 21/05/2014

Natural Gas futures surge on warmer weather outlook
21/05/2014 09:26
Natural gas futures surged in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity tracking a firm global trend amid speculation that warmer than normal weather in the US may boost demand for the fuel which is used to fire up air conditioners. The MDA Weather Services predicted above normal temperatures across most of the lower 48 states through June 3. Natural Gas futures may continue the upward journey today on upbeat demand outlook while traders await the weekly supplies data. At the MCX, Natural gas futures for May 2014 contract closed at Rs. 266.90 per mmBtu, up by 1.37 per cent, after opening at Rs 262.80, against the previous closing price of Rs 263.30. It touched an intra-day high of Rs 267.90.

Natural Gas futures up on bargain buying : 20/05/2014

Natural Gas futures up on bargain buying
20/05/2014 09:37
Natural Gas futures surged in the domestic market on Monday tracking a firm trend in the overseas market as the sharp losses in the energy commodity in the previous session offered investors good bargain buying opportunity in the heating fuel at existing levels. Forecasts for warmer than normal weather in the US in the coming days may boost cooling demand for natural gas which is used to fire air conditioners. The MDA Weather Services forecasted hot weather for the US Plains and the Midwest in the coming days. Natural Gas futures may trade on a cautious note today as investors await the weekly supplies data. At the MCX, Natural gas futures for May 2014 contract closed at Rs. 263.30 per mmBtu, up by 1.31 per cent, after opening at Rs 259.20, against the previous closing price of Rs 259.90. It touched an intra-day high of Rs 264.60.

Natural gas futures slump amid weak global cues

Natural gas futures slump amid weak global cues

Natural gas futures slumped in the domestic market on Friday as investor and speculators exited positions in the energy commodity tracking a weak trend in the overseas market as investors weighed above-average storage injections with forecasts for moderate weather which may dim the demand outlook for the heating fuel. Bigger than expected gains in US inventories in recent weeks signal ample gas supplies in the world’s biggest economy. At the same time, weather forecasts signaled normal weather in the US in the coming weeks, dimming the demand outlook for the energy commodity which is used for heating purposes. Natural gas futures may continue the downward journey today amid weak global cues on above-average storage levels. At the MCX, Natural gas futures for May 2014 contract closed at Rs. 259.90 per mmBtu, down by 2.66 per cent, after opening at Rs 265.50, against the previous closing price of Rs 267. It touched an intra-day low of Rs 259.40.

Natural gas futures surge on US inventory data

Natural gas futures surge on US inventory data

Natural gas futures surged in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity tracking a sharp rally in the overseas market as a small rise in US gas stockpiles last week signaled a pickup in demand for the fuel in the world’s biggest economy. US gas supplies rose by 105 billion cubic feet to 1.16 trillion cubic feet in the week ended May 9, 2014. Still, stockpiles remain well below levels seen last year, a sign that supply concerns remain. Natural gas futures may continue the upward journey today on bullish inventory data. At the MCX, Natural gas futures for May 2014 contract closed at Rs. 267 per mmBtu, up by 3.05 per cent, after opening at Rs 258.60, against the previous closing price of Rs 259.10. It touched an intra-day low of Rs 256.

Natural Gas futures continue downward journey

Natural Gas futures continue downward journey

Natural Gas futures slumped in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity tracking a weak trend in the overseas market as forecasts of calmer weather in the US dimmed the outlook for the heating fuel. About 49 per cent of US households use natural gas for heating purposes. More than adequate supply storage has also exerted downward pressure on prices. Natural gas futures may continue to trade lower as investors remain cautious ahead of the weekly US supplies data. At the MCX, Natural gas futures for May 2014 contract closed at Rs. 259.90 per mmBtu, down by 2.07 per cent, after opening at Rs 264.90, against the previous closing price of Rs 265.40. It touched an intra-day low of Rs 259.50.

Natural Gas futures tumble on US supplies data

Natural Gas futures tumble on US supplies data

Natural Gas futures slumped in the domestic market on Thursday as investors and speculators exited positions in the energy commodity after a bigger than expected rise in US gas stockpiles last week signaled weakening demand for the fuel in the world’s biggest economy. US gas stockpiles rose 74 billion cubic feet to 1.055 trillion cubic feet last week, the EIA said. Analysts were expecting US gas stockpiles to rise 70 billion cubic feet last week. Natural Gas futures may fall today as forecast for milder US weather in the coming days dims heating demand. At the MCX, Natural gas futures for May 2014 contract closed at Rs. 275.40 per mmBtu, down by 2.96 per cent, after opening at Rs 284.60, against the previous closing price of Rs 283.80. It touched an intra-day low of Rs 274.10.

Natural Gas futures dip on profit booking

Natural Gas futures dip on profit booking

Natural Gas futures fell in the domestic market on Wednesday as investors and speculators booked profits in the energy commodity after the recent sharp rally tracking a bearish trend in the overseas market. Forecasts for warmer than normal weather in the US Midwest and Northeast and South dimmed the demand outlook for the heating fuel. At the MCX, Natural gas futures for May 2014 contract closed at Rs. 283.80 per mmBtu, down by 1.66 per cent, after opening at Rs 289.20, against the previous closing price of Rs 288.60. It touched an intra-day low of Rs 283.10.