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The post Russia-Ukraine War Spawns Supply Worries, Sends Natural Gas Futures Above $5.00 appeared first on Natural Gas Intelligence

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White House press secretary Jen Psaki said that President Biden is "looking at options" to halt Russian oil and natural gas exports after bipartisan pressure from Congress.

House Democrats Block Bill To Approve Keystone XL Pipeline For ''American Energy Independence From Russia'' Authored by Nathan Worcester via The Epoch Times (emphasis ours), Legislation promoting U.S. energy independence from Russia has been blocked by House Democrats. Rep. Matt Gaetz (R-Fla.) speaks during a hearing on Capitol Hill on July 29, 2020. (Graeme Jennings/Pool via Reuters) House Republicans introduced the “American Independence from Russian Energy Act” on Feb. 28, a measure meant to authorize the Keystone XL pipeline, boost domestic oil and gas production, and prevent President Joe Biden’s executive branch agencies from halting energy leasing on federal land and water, among other provisions. Yet on March 1, the legislation was shot down in a 221–202 vote, almost entirely along partisan lines. “ Getting our pipelines expanded is huge, ” Rep. Bruce Westerman (R-Ark.), ranking member of the House Natural Resources Committee and a co-sponsor of the measure, told The Epoch Times.

Natural gas markets have been bullish during the course of the week as Russian forces continue to drive into Ukraine. That being said, natural gas futures are based on US consumption, so the upside is probably somewhat limited.

Prices of natural gas soared more than 30% on Friday, hitting record levels amid the Russia-Ukraine conflict. Investors remained concerned that Russia''s intervention in Ukraine could cause energy…

Russia "Recommends" Fertilizer Makers To Halt All Exports This morning we listed some of the countries that are dangerously (and almost exclusively) reliant on Russia and Ukraine for their wheat imports, highlighting Turkey, Egypt, Tunisia and others… ... which are facing an "Arab Spring" style food crisis (and potential uprising) in the coming weeks unless the Ukraine conflict is resolved. And unfortunately, we can now confidently predict that the coming food crisis will strike every country that is using food fertilizer - which is all - because moments ago, Russian Interfax reported that as part of Moscow''s countersanctions, Russia has recommended fertilizer makers to halt exports, a move which will sent not only fertilizer prices orbitally higher, but all food prices will soon follow. *RUSSIA RECOMMENDS FERTILIZER MAKERS TO HALT EXPORTS: IFX *RUSSIAN MINISTRY CITES LOGISTICS ISSUES ON FERTILIZERS: IFX Worse still, natural gas is required in the manufacturing process for most nitrogen/fertilizer products and so the recent surge in European NatGas prices to record highs will only exacerbate the cost of fertilizer from any halt from Russia...

MOSCOW (Reuters) – The operator of the operational Nord Stream 1 undersea gas pipeline from Russia to Germany said on Friday that transportation of natural gas to Europe was continuing normally.

Domestic steel makers have hiked the prices of hot-rolled coil (HRC) and TMT bars by up to Rs 5,000 per tonne as supply chain is being impacted amid ongoing Russia-Ukraine conflict. According to industry sources, the prices have been increased in the past few days and are expected to go up further in the coming weeks with the crisis deepening between the two countries. After the price revision, a tonne of HRC will cost around Rs 66,000, while the buyers will get TMT bars for about Rs 65,000 per tonne, the sources said on Friday. "The war is impacting the supply chain at the international level leading to an increase in input cost. Coking coal is trading at USD 500 per tonne," an industry executive said adding that it is a rise of about 20 per cent compared to the rates a few weeks ago. India meets 85 per cent of its coking coal, a key steel making raw material, requirement from imports. While Australia remains the main buying destination, part of requirement is met from countries like South Africa, Canada and the US.

Ukraine has stopped exporting natural gas since midnight, the Ukrainian news agency Ukrinform reported, citing a statement from the Ukrainian gas operator. The announcement says that the suspension is in implementation of the decision of the Crisis Committee of the country and within the National Energy Capture in an emergency. The text specifies that the gas operator suspends the transportation of blue fuel to the starting points of the Ukrainian gas transmission network. Russians took over Ukrainian Nuclear Power Plant - No Increased Radiation after a Fire there Last year, the country exported more than 2 million cubic meters of natural gas, with the largest shipments to Hungary, Slovakia and Poland. At the same time, the Ukrainian gas company clarified that the decision to suspend gas exports will not affect transit through the country. /BNR Follow Novinite .com on Twitter and Facebook

Most emerging Asian currencies and stocks weakened on Friday amid heightened investor anxiety after reports that Russian forces had attacked a nuclear plant in Ukraine, with the South Korean won leading the losses among regional units. Appetite for risky assets was sapped as Russia''s offensive in Ukraine escalated. Exacerbating geopolitical fears, a nuclear power plant in southeastern Ukraine, the largest of its kind in Europe, caught fire after it was hit by Russian troops, escalating the crisis. While prices trimmed some losses on reports levels of radiation in the affected area had not risen, investors still remained anxious. The won weakened 0.6% to its lowest level since June 2020. Meanwhile, the Singapore dollar slipped as much as 0.3% to its lowest level since Russia''s invasion of Ukraine and bond yields edged 34 basis points lower to 1.849%. South Korean stocks fell 1.3% as its tech giants were sold off after the attack in Ukraine, leading the currency lower too. Sentiment for Korean assets was further dampened by data showing consumer inflation hit a near decade-high of 3.7% through February and over the central bank''s target range. "If CPI inflation hits 4%, then we expect the (Bank of Korea) to immediately respond by hiking rates again," analysts at ING said in a note.

Natural gas reversed from resistance level 5.000 Likely to fall to support level 4.40 Natural gas recently reversed down from the key resistance level 5.000 (which has been reversing the pair from the end of January). The resistance zone near the resistance level 5.000 was strengthened by the upper daily Bollinger Band and by the […] The post Natural gas Wave Analysis appeared first on Action Forex .

The latest developments on the Russia-Ukraine war : ENERHODAR, Ukraine — Russian troops are shelling Europe''s largest nuclear power station in Ukraine. “We demand that they stop the heavy weapons fire,” Andriy Tuz, spokesperson for the plant in Enerhodar, said in a video posted on Telegram. “There is a real threat of nuclear danger in the biggest atomic energy station in Europe.” The plant accounts for about one quarter of Ukraine’s power generation. The fighting at Enerhodar, a city on the Dnieper River that accounts for one-quarter of the country’s power generation, came as another round of talks between the two sides yielded a tentative agreement to set up safe corridors inside Ukraine to evacuate citizens and deliver humanitarian aid. The mayor of Enerhodar said Ukrainian forces were battling Russian troops on the city’s outskirts. Video showed flames and black smoke rising above the city of more than 50,000, with people streaming past wrecked cars, just a day after the U.N. atomic watchdog agency expressed grave concern that the fighting could cause accidental damage to Ukraine’s 15 nuclear reactors. ___ WASHINGTON — The Department of Homeland Security will grant temporary legal status to Ukrainians living in the U.S.

TSX: TVE CALGARY, AB , March 3, 2022 /CNW/ - Tamarack Valley Energy Ltd. (" Tamarack " or the " Company ") (TSX: TVE ) is pleased to announce its audited financial and operating results for the three months and year ended December 31, 2021 . Selected financial and operating information is outlined below and should be read with Tamarack''s audited annual consolidated financial statements and related management''s discussion and analysis for the three and twelve months ended December 31, 2021 , which are available on SEDAR at www.sedar.com and on Tamarack''s website at www.tamarackvalley.ca . The Company''s annual information form ("AIF") for the year ended December 31, 2021 will be filed on SEDAR today and will also be available on Tamarack''s website. Brian Schmidt , President and CEO of Tamarack commented: "2021 was a transformational year for Tamarack with the successful repositioning and integration of approximately $0.7 billion of strategic acquisitions in the Clearwater and Charlie Lake oil plays, further enhancing sustainable free funds flow (1) growth and return of capital to shareholders.

Natural gas prices hovered in a narrow range of modest losses and gains much of Thursday before ultimately finishing in negative territory for the first