Economic TimesLean R·
Natural gas loses momentum despite geopolitical risks: Will prices recover?
Natural gas prices have remained under pressure in recent months despite heightened geopolitical tensions in the Middle East. After a sharp rally at the end of January, driven by colder weather and concerns over supply tightness, prices have steadily retreated. NYMEX natural gas is currently hovering near $2.68 per MMBtu, while MCX natural gas prices have fallen below ₹260 per MMBtu. The weakness is notable because energy markets are closely watching the ongoing tensions between the United Stat…
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