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Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,252
2424hr
Pakistan Cases
1,263,664
89324hr
1.7% positivity
Sindh
465,175
Punjab
437,572
Balochistan
33,114
Islamabad
106,402
KPK
176,650

Natural gas prices

India's natural gas consumption starts to rebound in June
Markets

India's natural gas consumption starts to rebound in June

  • "In the Indian market there was some slowdown, but the situation is not as bad as last year," Manoj Jain.
  • Due to falling local gas consumption in April and May, GAIL diverted two cargoes to international markets while Petronet deferred one cargo for delivery in June.
Published 09 Jun, 2021 06:52pm
US natgas futures slip on milder forecasts, lower demand
Markets

US natgas futures slip on milder forecasts, lower demand

  • Traders noted that that small price decline came ahead of a federal report expected to show last week's storage build was in line with normal levels for this time of year.
  • Front-month gas futures fell 3.3 cents, or 1.1%, to $3.042 per million British thermal units.
Published 03 Jun, 2021 08:01pm
US natgas futures hold near one-week high ahead of storage report
Markets

US natgas futures hold near one-week high ahead of storage report

  • On its first day as the front-month, gas futures for July delivery fell 2.9 cents, or 1.0%, from where the July contract closed on Wednesday to $2.998 per million British thermal units.
  • US pipeline exports to Mexico, meanwhile, averaged 6.0 bcfd so far in May, just off April's monthly record of 6.1 bcfd, Refinitiv data showed.
Published 27 May, 2021 06:39pm
US natgas futures rise to one-week high on surging global prices
Markets

US natgas futures rise to one-week high on surging global prices

  • That US price gain came despite forecasts for milder weather and lower demand over the next two weeks than previously expected, a decline in exports and a slow but steady increase in output this month.
  • The July contract, which will soon be the front-month, gained about 3 cents to $3.00 per mmBtu.
Published 26 May, 2021 08:44pm
US natgas futures slip to 3-week low on big storage build
Markets

US natgas futures slip to 3-week low on big storage build

  • The US Energy Information Administration (EIA) said US utilities added 71 billion cubic feet (bcf) of gas into storage during the week ended May 14.
  • That injection boosted stockpiles to 2.100 trillion cubic feet (tcf), or 4.0% below the five-year average of 2.187 tcf for this time of year.
Published 20 May, 2021 09:10pm
US natgas futures slip on mild weather forecast, exports decline
Markets

US natgas futures slip on mild weather forecast, exports decline

  • Traders noted gas prices were also following oil futures lower. US crude fell more than $2 a barrel on renewed global demand concerns as coronavirus cases in Asia rise, among other things.
  • Front-month gas futures fell 4.2 cents, or 1.4%, to $2.970 per million British thermal units.
Published 19 May, 2021 08:15pm
US natgas futures steady ahead of storage report
Markets

US natgas futures steady ahead of storage report

  • That lack of price movement came despite forecasts for cooler weather and higher heating demand over the next two weeks than previously expected.
  • Front-month gas futures remained unchanged at $2.941 per million British thermal units.
Published 06 May, 2021 07:01pm
US natgas rises to fresh 9-wk high on record exports
Markets

US natgas rises to fresh 9-wk high on record exports

  • On its last day as the front-month, gas futures for May delivery rose 2.4 cents, or 0.8%, to $2.897 per million British thermal units.
  • That increase kept the front-month in overbought territory with a Relative Strength Index (RSI) over 70 for a third day in a row for the first time since August 2020.
Published 28 Apr, 2021 08:42pm
US natgas futures up to 7-week high on small storage build
Markets

US natgas futures up to 7-week high on small storage build

  • The US Energy Information Administration (EIA) said utilities added 38 billion cubic feet (bcf) of gas into storage during the week ended April 16.
  • That was less than the 49-bcf build analysts forecast in a Reuters poll and compares with an increase of 47 bcf in the same week last year and a five-year (2016-2020) average increase of 37 bcf.
Published 22 Apr, 2021 07:52pm
US natgas futures rise to 5-week high on small storage build
Markets

US natgas futures rise to 5-week high on small storage build

  • The US Energy Information Administration (EIA) said US utilities added 61 billion cubic feet (bcf) of gas into storage during the week ended April 9.
  • That is lower than the 67-bcf build analysts forecast in a Reuters poll and compares with an increase of 68 bcf in the same week last year and a five-year (2016-2020) average increase of 26 bcf.
Published 15 Apr, 2021 08:27pm
US natgas futures rise to one-week high on cooler forecasts
Markets

US natgas futures rise to one-week high on cooler forecasts

  • Traders also noted that mild weather this week will likely cause utilities to boost injections into storage by so much that the total amount of gas in inventory will rise above the five-year (2016-2020) average for the first time since the February freeze.
  • Front-month gas futures rose 1.9 cents, or 0.8%, to $2.541 per million British thermal units.
Published 09 Apr, 2021 06:56pm
PMEX daily trading report
Markets

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 11.133...
Published 03 Apr, 2021 03:41am
US natgas futures flat as mild weather offsets record LNG exports
Markets

US natgas futures flat as mild weather offsets record LNG exports

  • On its second to last day as the front-month, gas futures for April delivery remained unchanged at $2.568 per million British thermal units (mmBtu) .
  • Traders noted the 200-day moving average has become a strong price floor or technical level of support. The front-month has not settled below the 200-day since September 2020.
Published 26 Mar, 2021 08:16pm
US natgas futures slide ahead of expected small storage withdrawal
Markets

US natgas futures slide ahead of expected small storage withdrawal

  • If correct, last week's decrease would cut stockpiles to 1.776 trillion cubic feet (tcf), which would be 5.3% below the five-year average of 1.875 tcf for this time of year.
  • Front-month gas futures fell 3 cents, or 1.2%, to $2.498 per million British thermal units.
Published 18 Mar, 2021 08:34pm
US natgas futures ease on milder weather forecasts for next week
Markets

US natgas futures ease on milder weather forecasts for next week

  • That small price decline came despite record liquefied natural gas (LNG) exports and forecasts for colder weather and higher than previously expected heating demand this week.
  • The amount of gas flowing to US LNG export plants, meanwhile, has averaged 10.4 bcfd so far in March.
Published 17 Mar, 2021 06:14pm
US natgas futures hold at 5-week low on milder forecast
Markets

US natgas futures hold at 5-week low on milder forecast

  • Traders, however, noted the weather is expected to turn slightly cooler in mid March, which should boost heating demand a bit during the week of March 14 over the week of March 7.
  • Front-month gas futures fell 0.8 cents, or 0.3%, to $2.738 per million British thermal units.
Published 05 Mar, 2021 09:18pm
Exxon and Macquarie in $11.7mn US lawsuit over gas contract
Business & Finance

Exxon and Macquarie in $11.7mn US lawsuit over gas contract

  • Exxon is asking the Texas court to rule that the massive storm, caused when an arctic air mass swept the central United States, was a natural disaster.
  • US gas demand and prices soared last month when freezing temperatures hit as far south as Texas, where 4.3 million homes lost power.
Updated 04 Mar, 2021 09:52pm
US and Canada power and natgas prices soar on arctic freeze
Markets

US and Canada power and natgas prices soar on arctic freeze

  • Close to 20 million Americans throughout the country's mid-section can expect to be impacted by winter weather in the coming days.
  • Energy traders said some 5-minute power prices in Texas approached $4,000 per megawatt hour on Thursday. That compares with an Ercot North average of $26 in 2020.
Published 12 Feb, 2021 09:41pm
US and Canadian natural gas prices soar during Arctic blast
Markets

US and Canadian natural gas prices soar during Arctic blast

  • The weather pattern is beginning to sound like a broken record for many residents of the eastern half of the US as snowy and cold weather shows no signs of letting up anytime soon.
  • That cold air will move to the East Coast over the next day or two where it could drop up to six inches (15.2 centimeters) of snow on parts of Pennsylvania.
Published 11 Feb, 2021 08:11pm
US and Canadian natural gas prices soar during arctic freeze
Markets

US and Canadian natural gas prices soar during arctic freeze

  • "This blast of cold air will likely settle in for multiple days to come," meteorologists at AccuWeather said.
  • High temperatures in Chicago were expected to remain below freezing (32 degrees Fahrenheit or zero degrees Celsius) from Feb. 5-22, AccuWeather said.
Published 08 Feb, 2021 08:38pm