Proshares Ultrashort Bloomberg Natural Gas (kold) ETF News

Corpus train down Calcasieu Pass continues ramp up Larger storage withdrawal recorded HOUSTON (ICIS)--US natural gas prices have dropped this week, as a moderate weather outlook and expected…

BRUSSELS (AP) — Europe faces a tough choice: Is it worth a recession to choke off oil and gas money to Russia while it fights a war in Ukraine? The 27-member European Union faces far more economic pain from the war and resulting sanctions than the U.S. — true above all when it comes to the oil and gas that powers vehicles and keeps the heat and lights on. While the U.S. and British bans on Russian oil increase the pressure on Europe to follow suit, the continent''s dependence on Russia for energy makes an immediate embargo much more difficult. Still, some officials say it is the only way to stop pouring billions in oil and gas revenue into President Vladimir Putin''s coffers, despite the near certainty of record inflation worsening. Europe gets around 40% of its natural gas and 25% of its oil from Russia, whereas the U.S. gets meager amounts of oil and no natural gas. An EU boycott would mean higher prices at the pump and on utility bills, and ultimately the threat of an energy crisis and recession while the economy is still recovering from the coronavirus pandemic.

The Scandinavian country supplies around 20% of European natural gas, compared to Russia’s 45% Norway, the second-largest European supplier of natural gas, cannot boost energy supplies to the European Union, the Norwegian Prime Minister said on Tuesday. “Norway delivers to the maximum of its capacity,” Norwegian PM Jonas Gahr Støre explained amid discussions on whether …

Joint decision from the US and the UK to ban Russian oil sent another shockwave to commodity prices yesterday. The European natural gas prices spiked

The cost of living for many Kenyan households has increased further as the prices of cooking gas rose to an all time high on Monday. The cost of liquefied petroleum gas (LPG) skyrocketed even as most Kenyan consumers have been calling on the national government to address the high food prices being experienced. On Sunday, March 6, Rubis Energy informed its consumers of the looming new prices that were to set in on Monday 7, with the new prices of the 13kg cylinder gas shooting up from Sh3,113 to Sh3,440. The 6kg cooking gas cylinder will be refilled at Sh1560 up from Sh1441 while the 35 kg cylinder will be refilled at Sh8, 760 from Sh8, 191. Prices have increased by 50 percent from January last year by Sh1000 more than three times the 16 percent VAT the government introduced on LPG. The increased prices have been affected by an increase in the landing cost this month which is a result of the ongoing Russia-Ukraine war. Russia which invaded Ukraine on February 24, 2022, is the highest producer of natural gas and for several months, Russia has been accused of intentionally disrupting gas supplies to leverage its role as a major energy supplier to Europe amid an escalating dispute with Ukraine.

U.S. stock futures ticked higher, signaling major indexes could rebound from losses that came after the U.S. banned imports of Russian oil and natural gas.

With Russia’s invasion of Ukraine into its second week, the economic fallout is gradually coming into focus.

Hungary buys most of its oil and natural gas from Russia, says Viktor Orban

On the third day of the world''s biggest energy conference, the spotlight will pick out natural gas amid debate on its role in the transition to cleaner energy

European natural gas declined with extreme volatility running through the market amid the war in Ukraine and subsequent sanctions on Russia.

Joint decision from the US and the UK to ban the Russian oil sent another shockwave to commodity prices yesterday. The European natural gas prices spiked to the all-time-highs and crude oil rallied to $130 mark, but the rise was manageable, confirming that the embargo on Russian oil was already, widely priced in. Therefore, the […] The post Day Traders Buy, Hedge Funds Sell appeared first on Action Forex .

Oslo, 9 March 20 2 2 : As a consequence of record high natural gas prices in Europe, Yara is temporarily curtailing production at its Ferrara (Italy) and Le Havre (France) plants. The two plants have a combined annual capacity of 1 million tonnes ammonia and 0.9 million tonnes urea. Including optimization and maintenance at other production facilities, Yara’s European ammonia and urea production is expected to be operating at approximately 45% of capacity by the end of this week.

Open interest in natural gas futures markets shrank for the second straight session on Tuesday, this time by nearly 8K contracts in light of flash dat

EU bloc stated that it could become fully independent of Russian gas, oil and coal by 2030. Natural gas from Russia accounts for 40% of EU''s gas needs

President Joe Biden has claimed that Moscow is entirely to blame for surging US gasoline prices, conceding he won’t be able to blunt runaway inflation at the pump. This comes after the US moved to ban imports of Russian oil and natural gas. Asked about the outlook for prices at the pump on Tuesday, Biden …