Eurozone inflation slows to 8.5% in Jan: Eurostat
Brussels, Feb 2 (IANS) Annual inflation in the eurozone is projected to fall to 8.5 per cent in January from 9.2 per cent in December 2022, according to a flash estimate published on...
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Natural Gas Futures x3 Short Levera News & Analysis
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Natural gas continues southwards, hitting mid-$2 levels
By Barani Krishnan Investing.com -- Natural gas futures continued their journey southwards Wednesday as bears retained their chokehold on the market despite expectations that storage of the...
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Union Budget 2023-24: Domestic manufacturing gets push, customs duty on kitchen chimney, toys hiked
New Delhi, Feb 1 (IANS) With aim to promote domestic manufacturing, Union Finance Minister Niramala Sitharaman, in Budget 2023-24, provided relief in customs duty on import of certain parts...
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National Green Hydrogen Mission: India sets target of 5 MMT annual production by 2030
New Delhi, Feb 1 (IANS) "India is moving forward firmly for the 'panchamrit' and net-zero carbon emission by 2070 to usher in green industrial and economic transition", said Union Finance...
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Govt announces Customs duty cuts on goods other than textiles, agriculture
New Delhi, Feb 1 (IANS) Union Finance Minister Nirmala Sitharaman during her Budget speech on Wednesday proposed to reduce the number of Basic Customs Duty (BCD) rates on goods other than...
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Natural gas flat after 21-month low as bears retain large hold on market
By Barani Krishnan Investing.com -- The bears in natural gas aren’t throwing in the towel yet as the debate rages on whether the market has bottomed ahead of the arrival of delayed winter...
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From Feb 1, MGL slashes CNG price by Rs 2.50/kg for Mumbai
Mumbai, Jan 31 (IANS) The Mahanagar Gas (NS:MGAS) Ltd (MGL) has slashed the price of Compressed Natural Gas (CNG) for Mumbai and surroundings by Rs. 2.50/kg with effect from February 1...
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Combined index of eight core industries rose 7.4% in Dec 2022
New Delhi, Jan 31 (IANS) The combined index of eight core industries rose to 7.4 per cent in December 2022 against 4.1 per cent in the corresponding month of 2021, according to official data...
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Natural gas plumbs 21-month low as weather forecasts show bottom still away
By Barani Krishnan Investing.com -- There are signs the weather in the United States may be getting frightful at some point. But they don’t seem to be coming quick enough to jolt the bears...
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Maharatna PSU Tanks As Q3 PAT Slumps 93%, EBIT Losses in Multiple Biz
By Malvika Gurung Investing.com -- Shares of the country’s largest natural gas company GAIL (NS:GAIL) tanked 7.3% on Monday’s intraday and closed the session 4.24% lower at Rs 94.95 apiece,...
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Petroleum Minister re-dedicates ONGC's Sagar Samrat as mobile offshore production unit
New Delhi, Jan 28 (IANS) Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, on Saturday rededicated Oil and Natural Gas Corporation's (NS:ONGC) iconic drilling rig Sagar Samrat...
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Cong to corner govt on runaway wheat flour prices, mounting national debt
It will also corner the government on the mounting national debt, which has risen by 250 per cent since 2014, when the Manmohan Singh dispensation was voted out. The Congress says that the...
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Budget wishlist: Skilled workforce, clean energy, geo-spatial mapping
New Delhi, Jan 28 (IANS) The Union Budget 2023 is just a few days away and theres much expectation from all and sundry that this election eve Budget will deliver a booster shot for...
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Natural gas ends unchanged, raising questions on whether it has bottomed
By Barani Krishnan Investing.com -- Natural gas futures fell for a sixth week in a row although Friday’s flat close signaled that the ferocious selloff in the heating fuel over an...
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Chevron edges lower after 4Q profit miss ends buyback-driven rally
By Geoffrey Smith Investing.com -- Chevron (NYSE:CVX) stock fell in premarket trading on Friday after profit at the U.S.'s second-largest oil and gas group fell slightly short of market...
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Natural gas ends down just 2% after 8% plunge earlier
By Barani Krishnan Investing.com -- Natural gas futures fell for a third day in a row on Thursday but the drop of 2% on the day — versus the intraday plunge of almost 8% to new 21-month lows...
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U.S. natural gas storage saw higher-than-forecast 91 bcf draw last week - EIA
By Barani Krishnan Investing.com -- Utilities drew a higher-than-forecast 91 bcf, or billion cubic feet, from U.S. natural gas storage for heating and electricity generation last week,...
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Indian-American prof to lead top scientists in Texas
New York, Jan 26 (IANS) Indian-American professor Ganesh Thakur has been named vice-president of the Texas Academy of Medicine, Engineering, Science and Technology (TAMEST) for a term of two...
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German govt expects country to avoid recession in 2023
Berlin, Jan 26 (IANS) Despite the ongoing challenge of the energy crisis, the German government expects that a recession in 2023 will be avoided, raising its forecast for the country's gross...
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Natural gas advances cautiously on growing forecasts for cold
By Barani Krishnan Investing.com -- Growing talk that sustained cold was finally headed for the United States and the rest of the Northern Hemisphere helped natural gas prices rise a second...
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New natural gas reserve discovered in B'desh
Dhaka, Jan 24 (IANS) Bangladesh has discovered a new natural gas reserve in the southern part of the country with the possibility of a significant amount of fossil fuel in the new...
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Japan power company seeks to raise household electricity prices by 30%
Tokyo, Jan 24 (IANS) The Tokyo Electric Power Company Holdings Inc. (TEPCO) said that it has applied to the government to raise its regulated electricity rates for households by around 30...
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Natural gas sinks below $3 support before rebounding
By Barani Krishnan Investing.com -- The ‘warm winter’ story appears to have taken its ultimate toll — for now at least — on natural gas, sending the heating fuel’s prices on the New York...
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Natural gas in 5th week of freefall that has more than halved its value
By Barani Krishnan Investing.com -- Five weeks running and the bulls in natural gas aren’t catching a break yet from the weather. Futures of the heating fuel on the New York Mercantile...
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Natural gas closes at May 2021 lows as bulls cling to $3 support
By Barani Krishnan Investing.com -- The draw from U.S. natural gas storage was larger-than-expected, but not enough to bump the fuel’s prices up from 19-month lows. The front-month February...
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Arctic polar vortex grips most of Italy
Rome, Jan 19 (IANS) Most of Italy is under the grip of an Arctic polar vortex, bringing with it the coldest weather so far this winter, with most of the Italian peninsula hit by snow, icy...
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Italy ended 2022 with record-high inflation rate
Rome, Jan 18 (IANS) Prices in Italy rose to record levels in 2022, the government's statistics entity ISTAT said. For the year as a whole, prices were an average of 8.1 per cent higher than...
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German inflation reaches record 7.9% in 2022
Berlin, Jan 18 (IANS) Driven by rising energy and food prices in particular, inflation in Germany slowed at the end of 2022 but reached a record high of 7.9 per cent for the year as a whole,...
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Russia's oil output up 2% in 2022 despite sanctions
Moscow, Jan 18 (IANS) Russian President Vladimir Putin has said that the country's oil production increased by 2 per cent over the past year despite Western sanctions, according to the...
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6 killed as ambulance crashes into truck in Bangladesh
Dhaka, Jan 17 (IANS) In a tragic accident, an ambulance with six people on board crashed into a truck in Shariatpur district, some 101 km south of Bangladesh's capital Dhaka, early on...
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Wholesale price index inflation falls to 4.95%, CPI inflation too to fall (Ld)
New Delhi/Chennai, Jan 16 (IANS) India's wholesale price index-based (WPI) inflation for December 2022 fell to almost two-year low of 4.95 per cent, owing to sliding food and crude as well...
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Wholesale price index-based inflation falls to 2-year low of 4.95%
New Delhi, Jan 16 (IANS) India's wholesale price index-based (WPI) inflation for December 2022 fell to almost two-year low of 4.95 per cent, owing to sliding food and crude as well as...
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Energy & precious metals - weekly review and outlook
By Barani Krishnan Investing.com - Even John Arnold, the first trader to make billions off the volatility in natural gas, might be stunned with what’s happened with the heating fuel’s prices...
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Natural gas revisits $3 lows, raising specter of breaking that support
By Barani Krishnan Investing.com -- The gas bears are back to torment the bulls, after allowing them a two-day reprieve. Natural gas futures on the New York Mercantile Exchange’s Henry Hub...
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Natural gas holds above $3 despite rare storage build in winter
By Barani Krishnan Investing.com -- The gas bears have decided to cut the bulls some slack. Natural gas futures on the New York Mercantile Exchange’s Henry Hub held above the key $3 support...
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Ministry of Petroleum to host inaugural edition of India Energy Week 2023
New Delhi, Jan 12 (IANS) The Ministry of Petroleum and Natural Gas will host the inaugural edition of India Energy Week 2023 in Bengaluru (February 6-8) at the Bengaluru International...
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Japan logs current account surplus for 1st time in 8 months in Nov 2022
Tokyo, Jan 12 (IANS) Japan posted a current account surplus of 1.8 trillion yen ($13 billion) in November 2022, marking the first surplus registered in eight months, the government said in a...
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Bull Market Is Back as Recession Worries Fade, Yardeni Says
(Bloomberg) -- Closely followed strategist Edward Yardeni, who saw resilience in the US economy even as recession worries grew last year, remains sanguine on where global financial assets —...
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Global oil inventories expected to grow, prices to drop in next 2 yrs: EIA
Houston, Jan 11 (IANS) Global oil inventories will increase over the next two years with more global oil production than consumption, the US Energy Information Administration (EIA) has...
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Natural gas down 7%, back to Buckin-Bronco mode on new forecasts for warmth
By Barani Krishnan Investing.com -- Barely 24 hours: That’s how long the upside in natural gas lasted as new forecasts for winter warmth sent the heating fuel back to mid-$3 pricing. The...
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Natural gas up 5%, after more than 50% tumble over 3 weeks
By Barani Krishnan Investing.com -- Natural gas rose more than 5% Monday as those long the market tried to make up for three weeks of losses that left prices down more than 50% since...
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'TheGreenBillions' joins hands with Pune civic body on plant to extract green hydrogen from waste
New Delhi, Jan 9 (IANS) TheGreenBillions Limited (TGBL), a company specialising in consulting, managing, and executing sustainable initiatives, has announced its association with the Pune...
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A strategy to combat energy depletion in India
Global warming and the energy crunch are the two biggest challenges countries face. With the transportation and industry sectors growing rapidly, energy needs have surged drastically over...
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Eurozone annual inflation eases to 9.2% on lower energy prices
Brussels, Jan 7 (IANS) Inflation in the eurozone is expected to have dropped for a second consecutive month in December 2022 to 9.2 per cent year-on-year, according to preliminary data...
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Natural gas tumbles 3rd week in row, down 17% on week
By Barani Krishnan Investing.com -- Three weeks counting and natural gas is still tumbling. America’s premier heating fuel fell 17% on the week and for a third straight week that erased...
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Taliban signs 1st agreement with Chinese firm to drill for oil
Kabul, Jan 6 (IANS) The Taliban-led government in Afghanistan is to sign a contract with a Chinese firm to drill for oil in the war-torn country's north.It would be first major energy...
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Natural gas tumbles 11% 2nd time in over a week on “winter warmth”
By Barani Krishnan Investing.com -- Repeating yesterday’s question: Has the gas bull caught a break? Answer: Apparently not. Gas futures on the New York Mercantile Exchange’s Henry Hub...
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Return of coal jeopardises Germany's climate goals: Study
Berlin, Jan 5 (IANS) Germany's total energy consumption in 2022 fell by 4.7 per cent year-on-year as a result of massive price increases for natural gas and electricity as well as mild...
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Natural gas jumps 5%, after 5-day selloff to below $4
By Barani Krishnan Investing.com -- Has the gas bull caught a break? It’s still early to tell, but Wednesday’s 5% rebound in natural gas futures on the New York Mercantile Exchange’s...
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Natural gas tumbles beneath $4 as warm January takes hold of U.S.
By Barani Krishnan Investing.com -- The gas bull just can’t seem to catch a break, even with the New Year here, as warmer January portends for the United States after an already mixed...
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