Boil ETF News

Oslo, 9 March 20 2 2 : As a consequence of record high natural gas prices in Europe, Yara is temporarily curtailing production at its Ferrara (Italy) and Le Havre (France) plants. The two plants have a combined annual capacity of 1 million tonnes ammonia and 0.9 million tonnes urea. Including optimization and maintenance at other production facilities, Yara’s European ammonia and urea production is expected to be operating at approximately 45% of capacity by the end of this week.

Open interest in natural gas futures markets shrank for the second straight session on Tuesday, this time by nearly 8K contracts in light of flash dat

According to Reuters, some think this ban could be enough to boost the transition to clean, renewable energy resources, such as electric and solar. “We should take the subsidies we now devote to natural gas, coal, and petroleum and put them into renewable energy generation, electric mobility and EV charging infrastructure, heat pumps, building efficiency […] Will Renewable Energy Take Over With Russian Oil Ban? What We Know

Like their oil counterpart, natural gas markets continue to sizzle thanks to the invasion of Ukraine, Europe''s over-reliance on Russian energy, and OPEC and its allies declining to offer relief. U.S. natural gas prices (NG1:COM) pulled back 3.6% on Monday to settle at $4.833/MMBtu, reversing sharp overnight gains from Friday''s $5.016 closing price as uncertainty over Russia''s war with Ukraine gave way to forecasts for warmer weather in the U.S. European energy prices, as well as natural gas futures on the Dutch TTF, reached as high as $115/MMBtu…

Natural gas futures slipped lower for a second consecutive day, as traders continued to focus on bearish shifts in domestic weather outlooks even as war

The post Despite Ukraine War and Global Price Upheaval, Natural Gas Futures Drop Amid Mild Weather Forecasts appeared first on Natural Gas Intelligence

US President Joe Biden stated on Tuesday that his government will restrict Russian oil, natural gas, and coal imports into the United States, a move he cautioned might lead to a surge in domestic gas prices. This is the latest… The post US imposes ban on oil, natural gas and coal from Russia; domestic gas prices could rise appeared first on Dominica News Online .

Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Whilst Bitcoin (CRYPTO: BTC ) consolidates below the important $40k level, rising oil prices has created more fear surrounding out-of-control inflation and its subsequent impact on global markets. Many economists are now anticipating stagflation, which is a toxic combination of red-hot inflation and low or negative growth. Oil prices have rocketed to over $120 per barrel, as they approach record prices of $147 per barrel which was seen in 2008. Wheat, natural gas and industrial metals have all soared too. This raises concerns that the US’s Federal Reserve … Full story available on Benzinga.com

European Union To Phase Out Russian Oil And Gas As It Seeks Energy Independence On Tuesday, the European Commission published a new ambitious energy strategy to "make Europe independent from Russian fossil fuels well before 2030," according to NYTimes . "We must become independent from Russian oil, coal, and gas," the commission''s president, Ursula von der Leyen, said in a news release. " We simply cannot rely on a supplier who explicitly threatens us," he said. The commission said it aims to reduce as much as two-thirds of its natural gas needs from Russia within a year and seeks to halt all imports of LNG and natgas by the end of the decade. It expects to increase gas imports from other countries this year . If implemented, this could be a massive boon for LNG supplies in Qatar and around the Gulf of Mexico. The Russian invasion of Ukraine has been a turning point for Europe to become energy independent. Russia supplies the 27-country bloc about a third of its gas, 27% of its oil imports, and 46% of its coal imports.

Kyiv [Ukraine], March 9 (ANI): Ukrainian President Volodymyr Zelenskyy thanked US President Joe Biden Tuesday banning Russian oil, natural gas and coal imports to the US. “Thankful for US and @POTUS personal leadership in striking in the heart of Putin’s war machine and banning oil, gas and coal from US market,” Zelenskyy tweeted. Biden on […]

The weather is expected to be warmer than average during the next 2-weeks

U.S. indices had a mixed day of trading amid the continued escalation of the Russia-Ukraine conflict. President Joe Biden announced a ban on Russian oil, natural gas and coal imports. The Nasdaq composite finished lower by 0.28% to 12,795; The Invesco QQQ Trust Series 1 (NASDAQ: QQQ ) lost 0.46% to $323.35 The S&P 500 traded lower by 0.73% to 4,170; The SPDR S&P 500 ETF Trust (NASDAQ: SPY ) lost 0.74% to $416.31 The Dow Jones composite finished lower by 0.68% to 11,166; The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ: DIA ) finished lower … Full story available on Benzinga.com

Analysts expect another sizable draw from US natural gas stocks as the summer injection season appears poised to begin approximately 300 Bcf below the five year average.

Reports suggest IGL has announced a hike in prices of compressed natural gas (CNG) in the Delhi-NCR region

At a time minister Nitin Gadkari is advocating use of eco-friendly vehicles, the price of compressed natural gas (CNG) in his hometown is far more than both petrol and diesel cost.