British Gas owner Centrica has released stored gas from its largest storage facility into the national grid for the first time this winter, it said on Tuesday, seeking to manage rising heating demand and contain prices.
Europe and the LNG market look in good shape to weather this winter. Moreover, the expansion of regasification capacity globally, suggests LNG’s value as a key component in mitigating Europe’s energy crisis is gaining more weight than the risk of temporary exposure to price volatility. [Gas in Transition, Volume 3, Issue 10]
Gujarat State Petronet s profit jumped 36% QoQ to Rs 590 crore. The stock has given a return of 2.66 percent over the past six months. The benchmark Nifty50 index has given a return of 6.28 percent over the same duration.
Oil and gas stocks have been a roller coaster ride lately, with prices dropping during the pandemic. Then, it rose when supply was tightened, and people began moving around again. The unrest in the.
ICICI Direct has picked GAIL as its top gladiator pick. The brokerage has recommended a buying range of ₹125-129 for the stock with a target of ₹146 (upside 12 percent) and a stop loss of ₹117. The time duration for the recommendation is 3 months.