Boil ETF News

March 2, 2022 The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria’s proven natural gas reserve has risen to 209.5 Trillion Cubic Feet (TCF) as at Jan. 1, 2022. Mr. Farouk Ahmed, Chief Executive, NMDPRA, said this on Wednesday at the 2022 Nigeria International Energy Summit (NIES) in Abuja. The new figure represents a major increase of 2.97 TCF in proven natural gas reserves representing 1.42 percentage increase from the 206.53 TCF recorded on Jan. 1, 2021. Ahmed, represented by Mr. Ogbugo Ukoha, Executive Director, Distribution Systems, Storage and Retailing Infrastructure, NMDPRA, said the Nigerian economy had been […] The post Nigeria’s gas reserve hits 209.5 TCF – NMDPRA appeared first on Political Economist .

Chaos Erupts In Energy Markets As European Gas Jumps 60% The invasion of Ukraine has transformed Russia into a commercial outcast as refiners balk at purchasing Russian energy products, and banks are refusing to finance shipments. The result is a physical market in disarray as geopolitical turmoil upends supply chains and keeps markets volatile. Commodity markets have been in turmoil since the Feb. 24 invasion. European natural gas jumped as much as 60% on Wednesday -- as buyers, traders and shippers avoid Russian gas. Three sources told Bloomberg that gas and power traders are avoiding new deals with Russia''s Gazprom PJSC. They said European companies are expected to unwind contracts, or clearinghouses will halt trading with Russia''s state-owned energy company and liquidate their positions. But for now, Gazprom''s gas supplies are flowing into Europe and increasing. Shipments at top entry points, such as Velke Kapusany in Slovakia and Yamal-Europe pipeline overnight in Germany, have recorded gas levels rebounded, with more capacity booked.

Overnight, commodities such as crude oil, natural gas, corn, and wheat continued to soar in dollar terms….XLE

Global commodity markets surged to multiyear highs on Wednesday after traders backed away from Russia, sparking anxiety that supply will fall short in everything from wheat to natural gas.

THE PRICE of natural gas spiked to an all-time high today amid warnings Russia ’s escalation of hostilities in Ukraine poses a threat to global energy security.

Europe’s dependency on Russian natural gas shows that energy security, foreign investment and ESG are inextricable.

Concerns about energy supply disruptions due to the Russia-Ukraine conflict are likely to spur European buyers to seek alternative sources of natural gas.

European natural gas surged as much as 60% as supply fears were compounded by traders trying to avoid exposure to a key Russian player in the market.

Russia remains a major energy supplier to Europe. As major sanctions are imposed, there’s fear that the Kremlin might disrupt the supply of natural gas. However, even during the peak of the Cold War, the Soviet Union did not resort to such extreme tactics

The Federal government on Tuesday signed a Memorandum of Understanding to supply gas from Nigerian offshore fields to the neighbouring Equatorial Guinea Gas Processing Facility at Punta Europa. This MoU kicks off a strategic economic collaboration across the Gulf of Guinea wherein Nigeria’s abundant natural gas reserves compliments Equatorial Guinea’s world class Gas Processing and […]

Nigeria and Equatorial Guinea have signed a landmark Memorandum of Understanding (MoU) to supply gas from Nigerian offshore fields to the neighbouring Equatorial Guinea Gas Processing Facility at Punta Europa. This MOU kicks off a strategic economic collaboration across the Gulf of Guinea wherein Nigeria’s abundant natural gas reserves compliments Equatorial Guinea’s world class Gas […]

The post Winsome Sears Calls On Joe Biden To Reverse His Energy Policy (VIDEO) appeared first on American Lookout . Given what’s happening in Ukraine right now, the best thing Biden could do is reverse his energy policies. If the United States began drilling again and mining natural gas, we could cut the financial feet out from under Putin and improve the American economy at the same time. Yet he won’t do it. Virginia’s Lt. […] The post Winsome Sears Calls On Joe Biden To Reverse His Energy Policy (VIDEO) appeared first on American Lookout .

The post Natural Gas Futures Rebound as LNG Demand Potential Mounts Amid Russia-Ukraine War appeared first on Natural Gas Intelligence

Natural gas prices bounced back Tuesday amid potential for even stronger demand for U.S. exports of liquefied natural gas (LNG) against the backdrop of

Commodities including oil, natural gas, aluminum, titanium, and wheat could become a bigger headwind if prices remain elevated and if volatility persists.