Global natural gas demand set to decline as Russia’s war disrupts markets, economies

The world’s demand for natural gas is set to decline slightly in 2022 as a result of higher prices and market disruptions caused by Russia’s invasion of Ukraine, according to the International Energy Agency’s latest quarterly update. The expected small contraction in global gas demand compares with the IEA’s earlier forecast of 1% growth in the […]

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India’s gas price increase supports upstream profitability, says Fitch Ratings

Fitch Ratings said the 110% increase in natural gas prices by the Indian government, along with a recent revision in the Brent crude oil price assumptions to USD100/barrel 2022, from USD70 earlier, and USD80 in 2023, from USD60 previously, will boost the profitability of rated Indian upstream companies and support their investment spending and shareholder […]

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India’s gas demand seen up 12-14% next fiscal despite high prices

India’s domestic demand for natural gas is seen rising 12-14% next fiscal, despite prices remaining high for the past several months because of economic recovery and lower-than-usual inventories in key European consumption centres, ratings agency CRISIL said in a recent note. Russia’s invasion of Ukraine, which began in February 2022, drove already-elevated gas prices even […]

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Natural gas price to more than double from tomorrow; household cooking gas users to bear the brunt

Administered price mechanism (APM) of natural gas in India will more than double from tomorrow, 1 April, 2022. By October, it could be more than four times the current level. ‘Market-determined’ price of gas produced from ‘difficult’ fields such as the KG-D6 block in KG basin operated by Reliance-BP combine, will also see a similar […]

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As Ukraine crisis escalates, watch out for these five commodities

U.S. lawmakers have said they are devising the “mother of all sanctions” against Russia as a method of defending Ukraine that would be “crippling to [the Russian] economy.” The 5 key commodities likely to be hardest hit are: #1. Aluminum Russia accounts for approximately 6% of global aluminum supply. While China is the world’s biggest aluminum producer, […]

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