Energy crisis makes multi-year energy contracts fashionable again.
(Bloomberg) –U.S. manufacturers and other large energy users are starting to lock in natural gas and power costs for at least three years or longer to buffer against price surges …
WASHINGTON – In its October Short-Term Energy Outlook, the U.S. Energy Information Administration forecasts that natural gas spot prices at the U.S. benchmark Henry Hub will average $5.67 per million British thermal units (MMBtu) between October and March, …
KYIV – The head of Ukraine’s state energy company Naftogaz on Monday said Russia was trying to blackmail Europe into certifying its Nord Stream 2 pipeline by keeping natural gas supplies lower.
Both the Kremlin and gas giant Gazprom …
MOSCOW – Russian gas giant Gazprom has booked about a third of offered additional gas transit capacity via the Yamal-Europe pipeline via Poland for November and has not booked any volumes via Ukraine, auction results showed on Monday.
Gazprom’s …
(Bloomberg) –The largest U.S. natural gas driller is using the global energy crisis to renew his call for more investment in domestic infrastructure such as pipelines, which he says will enable increased exports and ease shortages.
U.S. gas …
A new cold front could open up in the political tension between the European Union and Russia over energy. This time in the Arctic.
On Wednesday, the EU put forward proposals that could see it pushing to ban
This week’s Baker Hughes rig count shows that U.S. had an increase of 10 over last week, resulting in a total count of 543 rigs. Canada had an increase of 1 over last week, resulting in …
HOUSTON (Bloomberg) –U.S. natural gas futures climbed after winter stockpiles of the furnace and power-plant fuel expanded less than expected, heightening concerns about adequate supplies going into the peak-demand season.
Gas prices have already more than doubled …
(Bloomberg) –European gas futures continued their march upwards on Thursday, even after Russia pledged to deliver as much supply as the continent needs.
Europe’s largest gas supplier is ramping up deliveries in line with requests from customers and …
The EIA has released its natural gas inventory report, showing a net increase of 81 Bcf as of October 8, 2021.
Working gas in storage was 3,369 Bcf as of Friday, October …
MOSCOW (Bloomberg) – Russia is ready to deliver all of the natural gas that Europe needs, said President Vladimir Putin, blaming the continent’s current energy crisis on flawed policies rather than a lack of supply.
Europe’s largest gas …
President Joe Biden is under intensifying pressure to keep a lid on rising gasoline and natural gas prices that threaten the economic recovery and Democrats’ political ambitions.
But he has little power to control global energy markets.
“The toolbox …
LONDON – Oil prices rose by about 2% on Monday, extending gains as an energy crisis grips major economies amid a pick-up in economic activity and restrained supplies from major producers.
Brent crude was up $1.45, or 1.8%, at …
DOHA/LONDON – Qatar, the world’s largest seller of liquefied natural gas (LNG), told consumers it was powerless to cool energy prices prices as British steelmakers said they could be forced to halt output in the face of soaring costs.…
This week’s Baker Hughes rig count shows that U.S. had an increase of 5 over last week, resulting in a total count of 533 rigs. Canada had an increase of 2 over last week, resulting in …
The EIA has released its natural gas inventory report, showing a net increase of 188 Bcf as of October 1, 2021.
Working gas in storage was 3,288 Bcf as of Friday, October …
(Bloomberg) –The world is living through the first major energy crisis of the clean-power transition. It won’t be the last.
The shortages jolting natural gas and electricity markets from the UK to China are unfolding just as demand …
Swiss-based Nord Stream 2 said it has appealed a court decision that confirmed the pipeline will not be exempt from European Union rules that require the owners of pipelines to be different from the suppliers of the gas that …
(Bloomberg) –European natural gas and power soared to fresh records amid worsening fears over supply.
Global fuel shortages are resulting in surging energy prices, disrupting markets from the UK to China, as economies emerge from the pandemic. …
(Bloomberg) –The Canadian government invoked oil and gas transit rights under a decades-old treaty with the U.S. to stop Michigan’s attempt to shut down an Enbridge Inc. pipeline under the Great Lakes.
A 1977 agreement states Canada and …
LONDON – Rising oil prices and the spreading global shortage of coal, gas and electricity have drawn fresh buying interest from hedge funds and other money managers in oil-related derivatives contracts.
Portfolio managers purchased the equivalent of 42 million …
LONDON – Demand for coal and natural gas has exceeded pre-COVID-19 highs with oil not far behind, dealing a setback to hopes the pandemic would spur a faster transition to clean energy from fossil fuels.
Global natural gas shortages, …
OPEC+ agreed on Monday to stick to an existing pact to hike oil output by 400,000 barrels per day (bpd) in November, despite consumer calls for more crude and surging prices that threaten an economic recovery from the pandemic.…
LONDON – The world’s top commodity trading houses are being told by brokers and exchanges to deposit hundreds of millions of dollars in extra funds to cover their exposure to soaring gas prices, seven sources with direct knowledge of …
SINGAPORE (Bloomberg) –The global energy crunch could help propel oil prices above $100 a barrel for the first time since 2014 and spur a global economic crisis, according to Bank of America.
Natural gas prices have already surged …
MOSCOW – European gas prices surged to all-time highs on Friday as Russia kept a tight lid on supply, signalling further price pressures on European consumers heading into the winter heating season.
Russian gas supplies via the Yamal-Europe pipeline …
This week’s Baker Hughes rig count shows that U.S. had an increase of 7 over last week, resulting in a total count of 528 rigs. Canada had an increase of 3 over last week, resulting in …
British gasoline stations running dry, surging power costs in the European Union ahead of winter, forced restrictions on energy use in China and rising oil, natural gas and coal prices.
You could be forgiven for thinking the world had …
The EIA has released its natural gas inventory report, showing a net increase of 88 Bcf as of September 24, 2021.
Working gas in storage was 3,170 Bcf as of Friday, September …
