Natural Gas News

Source: Reuters

U.S. natural gas futures climb on winter inventory concerns

World Oil


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 …

Source: Reuters

Putin’s pledge for more supply can’t stop Europe’s gas price surge

World Oil


(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 …

Weekly Gas Storage: Inventories increase by 81 Bcf

Weekly Gas Storage: Inventories increase by 81 Bcf

Natural Gas Inventories as of October 8, 2021

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 …

Source: Reuters

Oil prices rally as IEA sees gas shortages boosting crude demand

World Oil

WTI crude futures rose 1.5% to near the highest level …

Source: World Oil

Putin ready to send more Russian gas to Europe, blames flawed policies for shortage

World Oil


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 …

Source: Yahoo Finance

Biden’s options to tame gas prices clash with his climate agenda

Bloomberg


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 …

Source: Reuters

Crude jumps to multi-year highs on global energy crunch

Reuters


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 …

Source: Reuters

Qatar powerless to ease global energy crisis

Reuters


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.…

U.S. rig count increased by 5 this week, at 533

U.S. rig count increased by 5 this week, at 533

Oil and Gas 360


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 …

Weekly Gas Storage: Inventories increase by 118 Bcf

Weekly Gas Storage: Inventories increase by 118 Bcf

Natural Gas Inventories as of October 1, 2021

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 …

Source: bloomberg.com

Today’s global energy crisis is just the first in the “clean power” era

World Oil


(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 …

Source: Reuters

Nord Stream 2 appeals decision that EU rules apply to pipeline

Nasdaq


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 …

Source: Reuters

European natural gas prices hit new records as supply concerns grow

World Oil


(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. …

Source: Reuters

Canada escalates Michigan pipeline battle with decades-old treaty

World Oil


(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 …

Source: Reuters

Column-Hedge funds flock to oil as energy shortages worsen: Kemp

Reuters


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 …

Source: Reuters

Fossil fuel demand shakes off pandemic in blow to climate fight

Reuters


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, …

Source: CNBC

OPEC+ sticks to plan for gradual oil output hike, price roars higher

CNBC


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.…

Source: Reuters

EXCLUSIVE Commodity traders face big margin calls as gas prices soar

Nasdaq


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 …

Source: Reuters

Oil prices may hit $100 this winter, spurring economic crisis, warns Bank of America

World Oil


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 …

Source: Reuters

European gas prices hit all-time highs as Russian flows slump

Nasdaq


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 …

U.S. rig count increased by 7 this week, at 528

U.S. rig count increased by 7 this week, at 528

Oil and Gas 360


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 …

Source: Reuters

Explainer: Global energy shortage or a coincidence of regional crises?

Reuters


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 …

Weekly Gas Storage: Inventories increase by 88 Bcf

Weekly Gas Storage: Inventories increase by 88 Bcf

Natural Gas Inventories as of September 24, 2021

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 …

Source: NY Post

Biden demands OPEC boost oil production amid rising gas prices

NY Post


The White House is pressuring OPEC and its allies to boost oil production in a bid to tackle rising gasoline prices — despite imposing tighter restrictions on US oil companies last year.

 

Biden’s National Security Advisor Jake …

Source: Reuters

APPEC-Global oil demand seen reaching pre-pandemic levels by early 2022

Reuters


SINGAPORE – World gas demand is anticipated to achieve pre-pandemic ranges by early subsequent year because the financial system shrugs off pandemic woes, however spare refining capability is more likely to weigh on outlook, oil producers and merchants stated …

U.S. rig count increased by 9 this week, at 521

U.S. rig count increased by 9 this week, at 521

Oil and Gas 360


This week’s Baker Hughes rig count shows that U.S. had an increase of 9 over last week, resulting in a total count of 521 rigs. Canada had an increase of 8 over last week, resulting in …

Source: World Oil

Citigroup sees gas at $100/MMBtu, if winter is cold enough

World Oil


SINGAPORE (Bloomberg) –Citigroup Inc. more than doubled its Asian and European natural gas forecasts for next quarter and said prices could surge to as high as $100 per million British thermal units in the event of a particularly …

Source: World Oil

Russia can’t solve Europe’s gas crunch as winter approaches

World Oil


MOSCOW (Bloomberg) – Europe’s worst energy crisis in decades could drag deep into the cold months as Russia is unlikely to boost shipments until at least November.

Gazprom PJSC is producing the most gas in more than a

Weekly Gas Storage: Inventories increase by 76 Bcf

Weekly Gas Storage: Inventories increase by 76 Bcf

Natural Gas Inventories as of September 17, 2021

The EIA has released its natural gas inventory report, showing a net increase of 76 Bcf as of September 17 2021.

Working gas in storage was 3,082 Bcf as of Friday, September …

Source: CNBC

Baker Hughes CEO lays out ‘hard truths’ behind the energy transition as gas prices surge

CNBC


The CEO of energy technology firm Baker Hughes has outlined what he feels are key points related to the energy transition amid deepening concern about rising gas prices and the knock-on effects this could have in the months ahead.…