Global Gas Prices

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Cabinet to consider price caps on gas to stave off rates rising to $10.7 per mmBtu

The global spurt in energy prices post Russia’s invasion of Ukraine have led to rates of locally produced gas climbing to record levels – USD 8.57 per million British thermal unit for gas from legacy or old fields and USD 12.46 per mmBtu for gas from difficult fields. These rates are due to revision on April 1.
Crude yet to bottom; may be in low $40s/bbl in H12016: Citi

â€œNo balance is seen yet in supply-demand dynamics. Also, temperate winter in North America and Europe due to El Nino is hitting demand further worsening the balanceâ€, says Chris Main, Commodities Strategy Analyst, Citi

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Global Gas Prices

Cabinet to consider price caps on gas to stave off rates rising to $10.7 per mmBtu

Crude yet to bottom; may be in low &#36;40s/bbl in H12016: Citi

Crude yet to bottom; may be in low $40s/bbl in H12016: Citi