Thursday, 22 January 2015

Energy News for Today

Crude Oil
On Tuesday, oil prices declined on both sides of the Atlantic with WTI and Brent falling by 4.7 and 1.7 percent respectively after the International Monetary Fund cut its 2015 global economic forecast and key producer Iran hinted prices could drop to $25 a barrel without supportive OPEC action.

On the MCX, oil prices declined by 1.4 percent and closed at Rs.2983/bbl.

Natural gas
Natural gas prices on the NYMEX declined by around 6 percent and closed at $2.85/Mmbtu while MCX natural gas prices also declined by around 4 percent and closed at Rs.175.90/Mmbtu.

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