BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
We are at an inflexion point in the current bull market in oil and gas prices, which has been driven by demand recovery, calibration of supply cuts by Organization of the Petroleum Exporting Countries plus in oil and supply constraints in piped gas as well as liquefied natural gas.
The gas market has been getting added tail winds from the mandated fuel switch from dirty coal and risky nuclear power in many countries, particularly in the Europe, led by Germany.
And, the seasonal spike in winter demand for heating is adding to the frenzy in gas buying, which has boosted Japan-Korea-Marker LNG spot price from the October-November 2021 range of $30-35/metric million British thermal unit to the latest high of $45/mmbtu.
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