Boil ETF News

For years, Germany has refused to endanger its energy trade with Russia when responding to Moscows worst excesses because it was reliant on Russian natural gas to keep its homes warm and factories running. In 2014, after Russias annexation of Crimea, Berlin ensured that its purchases of gas would not be disrupted by any sanctions against Russia.

Germany''s decision to halt a major gas pipeline from Russia is throwing an additional wrench into Europes existing energy crunch.The project, which is known as Nord Stream 2 and would ship natural gas from Russia to Germany, has been a point of

Oil prices hit a fresh seven-year high and Brent hit $99 a barrel early on Tuesday amid an escalation in the Russia-Ukraine crisis. The optimal oil price for the market is $55-$70 per barrel, Russian Energy Minister Nikolai Shulginov told Energy Intelligence on Tuesday. High oil prices are good for Russias budget and for its hard-to-recover oil resources and projects, on the one hand, but oil so high is also hitting other sectors of the economy and slows demand growth, on the other hand, the Russian minister said. Asked why Russia doesnt support more production from OPEC+ if Russia believes that $55-$70 is the optimal price, Shulginov told Energy Intelligence that the country is increasing production within the agreed volumes. Russia looks to increase production and exploration in the coming years, the minister added. Referring to Moscows plans about the Arctic Shelf, Shulginov told Energy Intelligence, Although these are costly reserves, we still believe that Arctic resources can be utilized in future.

The post Natural Gas Futures Post Modest Increase on Near-Term Cold, Geopolitical Unrest appeared first on Natural Gas Intelligence

The tensions between Russia and Ukraine are flaring up after Russian President Vladimir Putin recognized the independence of two separatist regions in eastern Ukraine and positioned Russian troops in these regions. Following the development, Western nations are contemplating sanctions. Germany announced earlier on Tuesday that it has stopped certification of the Nord Stream 2 gas pipeline, which serves as a conduit for moving natural gas from Russia to Germany through the Baltic Sea. Ukraine is planning to sever ties with Russia. Given the globalization that has occurred over the years, the geopolitical tension in eastern Europe is bound to have ramifications for multinational global corporations. How Big Is Ukraine''s Impact? Out of the S&P 500 companies that have reported earnings between Dec. 15 and Feb. Full story available on Benzinga.com

One of the worlds largest liquefied natural gas exporters, Qatar, can divert only 10-15 percent of its LNG cargo contracts to other destinations, Qatari Energy Minister Saad al-Kaabi said on Tuesday amid the escalation of the Russia-Ukraine crisis, adding that replacing Russian gas deliveries to Europe in the short term is almost impossible. The energy markets reacted on Tuesday after Russian President Vladimir Putin recognized two breakaway regions in eastern Ukraine and ordered troops in them, with oil prices soaring close

The weather is expected to remain cooler than normal

Geopolitical tensions continue to linger along with concerns on how the Fed will handle rising inflation. Hence, Wall Street slumped on Friday to end a second straight week of losses.

Germany said Tuesday it will halt the certification of the Nord Stream 2 gas pipeline designed to bring natural gas from Russia directly to Europe after President Putin recognized breakaway regions in east Ukraine and said Russian troops would move into the area to act as peacekeepers. Read on

Natural gas flows through the Yamal-Europe pipeline were flat on Tuesday while continuing to move in reverse mode for a tenth week

Surging energy prices and fears of a Russian invasion of Ukraine are making European leaders think hard about energy security particularly their decades-old reliance on Moscow for natural gas.

By Katya Golubkova MOSCOW (Reuters) Natural gas flowed east in reverse mode through the Yamal-Europe pipeline on Tuesday, while President Vladimir Putin pledged Russia would continue to deliver uninterrupted supplies to world markets amid an escalating crisis in Ukraine.

DOHA, Feb 22 (Reuters) - Egypt and Russia will sign a memoradum of understanding to enhance cooperation and exchange experiences in using natural gas as fuel in the transportation sector, Egypt''s petroleum ministry said in a statement on Tuesday.

Feb 22 (Reuters) - Egypt is currently able to export 1 billion - 1.2 billion cubic feet of natural gas a day from its two liquefaction plants on the Mediterranean, Petroleum Minister Tarek El Molla said on Tuesday in Doha. Egyptian gas exports fluctuate

Oil prices rose sharply in Asian trade today after Russian President Vladimir Putin signed a decree last night recognizing the independence of the Donetsk and Luhansk People''s Republics that seceded from Ukraine, and later ordered Russian troops to enter their territories to keep the peace, CNB reported. Putin Recognizes the Donetsk and Luhansk Republics as Independent States The North Sea Brent, which is the European reference, rose 1.5 percent to $96.82 a barrel, and US light crude rose 3.22 percent to $94. Both oil grades are close to two-week highs from the fall of 2014, with Brent reaching $96.78 a barrel and US oil reaching $95.82 a barrel. Military Columns are already Moving in Donbas Russia has amassed about 150,000 troops along the border with Ukraine, prompting politicians and analysts to argue that the Kremlin may not be satisfied with Donetsk and Luhansk alone. The threat of a major war is inevitably pushing up oil and natural gas prices, as Russia is one of their largest producers and Europe''s main supplier, especially of natural gas.