Boil ETF News

SINGAPORE (ICIS)--China’s urea prices surged from Tuesday. Russia-Ukraine conflicts-induced soaring crude oil, natural gas and other energy prices have exerted heavy impact on the fertilizer…

The European Union can slash imports of Russian natural gas by a third through a combination of boosting imports from other sources, accelerating the rollout of renewables and ramping up energy efficiency, according to a new report by the International Energy Agency.

"I gotta do something because $500 a month is a lot of money to pay for gas," Lynai McDonald said.

New proposals for grey hydrogen using expensive natural gas threaten India’s energy security

Energy costs surge to an all-time high on Ukraine-related supply fears European prices for natural gas spiked to nearly $2,280 per 1,000 cubic meters on Thursday for the first time in market history, as Russia''s military offensive in Ukraine continues. Russia provides about 40% of the continent''s gas supplies, while Ukraine is a major transit country for Russian gas. With the conflict now i

BELGRADE (Serbia), March 3 (SeeNews) - Serbia consumes 10-11 million cubic metres (cu m) of natural gas per day, the general manager of state-owned natural

Oil shot to its highest level in more than nine years Thursday and wheat prices climbed above $11 a bushel for the first time since 2008, amid indications that Russian forces had seized the city of Kherson in southern Ukraine. Brent crude rose as much as 4.7 per cent to $118.22 a barrel, the highest level since February 2013, putting the global benchmark about 50 per cent higher for the year. West Texas Intermediate, the US marker, jumped as much as 3.7 per cent to $114.70. “The market’s ability to access crude from the region because of sanctions or a risk of outright supply losses look set to persist for a prolonged period, given the realities on the ground,” said Louise Dickson, senior oil market analyst at Rystad Energy. Boycotts of Russian suppliers have also hit natural gas, with European prices on Wednesday settling more than 40 per cent higher at €173 a megawatt hour. Wheat futures traded in Chicago also rose, gaining as much as 13 per cent to $11.32 a bushel, as the conflict has severely disrupted shipments from Ukraine and Russia.

The Canadian dollar was little changed in the overnight session after the Bank of Canada decided to hike interest rates. The bank boosted rates from 0.25% to 0.50% in its bid to battle runaway inflation. In a statement, the BOC chair warned that the rate hike will not prevent inflation considering that there is an […] The post Crude Oil and Natural Gas Rally Sees No End appeared first on Action Forex .

BERLIN (Reuters) – German imports from Russia exceeded exports last year because prices for imported crude oil and natural gas had risen sharply, Germany’s Federal Statistics Office reported on Thursday.

European natural gas surged for a fourth day as the market continues to focus on sanctions on Russia in response to its invasion of Ukraine.

ANKARA: Turkey''s annual inflation is expected to rise to nearly 53% in February, the highest in 20 years, as rising food and energy prices continue to push prices higher, a Reuters poll showed on Friday. Turkey''s consumer price index has surged since last fall as the lira weakened after the central bank in September embarked on an easing cycle long sought by President Tayyip Erdogan. The unorthodox rate cuts, that saw the policy rate slashed by 500 basis points to 14%, led to a currency crisis that caused the lira to lose 44% of its value against the dollar last year. The lira''s decline sent inflation soaring to nearly 50% last month, its highest level under Erdogan''s nearly 20-year rule, as Turkey hiked prices across the board, from road tolls to electricity. Economists see it rising further in February, with the median estimate of 14 participants in the Reuters poll standing at 52.95%, in a range of 51.9% and 55.40%. The median estimate for the monthly CPI was 3.80%, with predictions ranging between 3.1% and 5.50%.

- US natural gas futures climbed to $4.76/MMBtu on 2 March, gaining by 4% from the previous session - Sources said a late-session rally carried the NYMEX futures benchmark higher on potential supply…

European futures contracts for natural gas soared to record highs on Wednesday amid escalating uncertainty over the availability of supplies from Russia

Natural gas futures on Wednesday posted a double-digit advance for a second consecutive session as Russia forged ahead with its invasion of Ukraine,

The post Natural Gas Futures Jump for Second Day as Russia-Ukraine Conflict Spurs Commodity Rally appeared first on Natural Gas Intelligence