Natural gas prices have recently surged to a peak of $2.690. However, a persistent lack of positive momentum could lead to sideways trading, with a potential retest of the support…
Energy Category
-
-
Vertex Energy, a biofuels producer located in Alabama, has filed for bankruptcy after months of financial instability. The company is now exploring the possibility of a sale as it grapples…
-
Storm Helene is moving eastward, with early reports indicating that Gulf of Mexico oil platforms are likely to avoid significant damage. Despite this, the storm is expected to strengthen rapidly.…
-
Natural gas prices have entered a phase of sideways fluctuation after reaching the $2.690 mark. This consolidation aims to build the necessary positive momentum to continue the previously anticipated bullish…
-
Oil prices experienced a notable increase on Tuesday, driven by China’s announcement of monetary stimulus and escalating concerns about Middle Eastern conflicts affecting regional supply. Additionally, a new hurricane threatened…
-
Natural gas prices experienced a significant bullish rally yesterday, surpassing anticipated targets and closing at approximately $2.665. This movement indicates a strong bullish bias that remains dominant. With additional support…
-
India’s crude oil production in August experienced a year-on-year decline of 3.4%, totaling 2.4 million metric tons, or approximately 17.6 million barrels. This reduction was mirrored in fuel production, which…
-
Recent announcements regarding petrol and diesel prices have evoked mixed reactions among consumers in Indian. As of September 23, here are the revised rates in major cities: Mumbai: Petrol at…
-
Natural gas prices have recently shown a bullish trend, currently fluctuating around $2.500. The 55-day moving average, positioned at $2.270, serves as a robust support level, while stochastic indicators suggest…
-
Natural gas is a critical resource in the global energy landscape, providing a cleaner-burning alternative to coal and oil. With applications spanning residential, industrial, and power generation sectors, it plays…