Boil ETF News

The Saudis are taking another step toward "diversifying" as Crown Prince Mohammed bin Salman tries to make the Saudi economy less dependent on the energy sector. Flush with cash thanks to the ongoing ramp in oil and natural gas prices, Saudi Arabia''s massive $500 billion+ sovereign wealth fund has apparently decided to put it to work by buying some $10 billion in publicly traded equities during the coming year. The decision comes as the Saudi wealth fund has promised to double its assets by 2025. As Bloomberg points out, heavy buying of equities

Energy companies say they need extra financing to cover future commitments as natural gas prices remain near record levels.

The dollar index just triggered a potentially bearish signal. Emerging markets are gaining some momentum and energy pipelines still look attractive at the current time.

"No One Wants To Be Short" - US NatGas Futures Erupt As Cold Sweeps East Coast U.S. natural gas futures jumped to levels not seen since early December amid a cold blast across the eastern U.S. and new threats of a winter storm over the weekend. Futures for February delivery soared 9.5% to $4.66 per million British thermal units, the highest price since Dec. 1. In a weather forecast Tuesday, we noted that some of the coldest air in years is pouring into parts of the U.S. Major metro areas across the East Coast are seeing frigid temperatures, which are boosting heating demand. Average temperatures in NYC are expected to be well below the 30-year average through the end of the month. Heating degree days for NYC will be above normal through the second half of the month -- this means heating demand will soar. Dennis Kissler, a senior vice president at Bok Financial Securities Inc., told Bloomberg that the move in gas prices is "about short-covering and how much colder weather can get into January through February." "Add in the tight supplies in Europe that may bleed over to Asia, and no one wants to be short," Kissler said. "Front-month futures reached the highest seasonal price since 2010.

The head of the International Energy Agency has blamed Russia for much of Europes natural gas crisis

By Kate Abnett and Simon Jessop BRUSSELS (Reuters) A coalition of investors managing 50 trillion euros ($56.81 trillion) has warned the European Union not to label natural gas investments as sustainable, saying Brussels draft plan to do so would weaken its global leadership on green finance.

As we commence 2022, the prospect of a reduction of global liquidity provided by major central banks has increased volatility in the traditional equity and fixed income markets.

Williams (WMB) says it delivered a record-breaking 17.15M dekatherms of natural gas on January 3 via its Transco interstate pipeline.While extreme winter weather usually coincides

The Economy/Market Look "Healthy" Until They Have A Seizure & Collapse Authored by Charles Hugh Smith via OfTwoMinds blog, So one index or asset or another hits a new high, wow, more proof everything is so robust and healthy, we never had it so good--right up to the seizure and collapse. Some readers occasionally make the point that I''ve been predicting a market crash for ten years and been dead-wrong for ten years. I''m all for mocking presumptuous pundits of either the tin-foil hat or mainstream variety, but that''s not quite what I''ve been saying for 13 long, tedious years. What I''ve been saying is that living on junk food and sugar-cocaine speedballs isn''t "health" just because a handful of pills has dropped cholesterol readings to "healthy" levels. If we define "health" by a metric that is easily manipulated, then the illusion of "health" can be maintained right up until the supposedly "healthy" individual has a seizure and drops dead. Since the 2008-2009 financial-coronary and emergency-intervention that revealed the abjectly poor health of the global financial system, central banks and states have jacked up stocks and other assets as the metric of a "healthy" economy.

Uzbekistan has halted exports of natural gas in order to meet domestic energy needs.

Read more about Global natural gas shortage worsens as India, Indonesia join the hunt on Business Standard. Indian Oil Corp. and Gujarat State Petroleum Corp. have recently bought spot cargoes of liquefied natural gas after being absent from the market for months, according to traders

The UK government believes it has until April to find a solution to ease the burden of surging natural gas and energy prices on utilities and households, although no immediate fixes have been adopted. As a result of the energy crunch, households in the UK will face much higher electricity prices beginning in April, as the government prepares to raise the so-called cap on utility bills. The UKs energy regulator Ofgem is expected to announce the new price cap on energy prices in early February, but the effect on household bills will be felt

The post Despite December Warmth, January Chills Send Shiver Through Natural Gas Forwards Market appeared first on Natural Gas Intelligence

Households will see a 40% reduction in their natural gas bills for December, between the measures announced by the prime minister and the reduction agreed by the Public Gas Corporation (DEPA), Environment & Energy Minister Kostas Skrekas said on Wednesday.