Proshares Ultrashort Bloomberg Natural Gas (kold) ETF News

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 …

Economic conflicts have a way of becoming shooting wars, and so we should all be deeply alarmed by what we are witnessing. With each passing day, authorities in the United States and authorities in Russia are imposing even more measures which are intended to punish the other side economically. Thankfully, our militaries are not shooting at one another yet, but an economic war has already started and it just shifted into overdrive. On Tuesday, Joe Biden announced that his administration has decided to ban all imports of Russian oil and natural gas…

US markets have swung wildly overnight as investors begin to understand the impact of President Joe Biden''s ban on Russian oil, coal and natural gas. Sky News Business Reporter Edward Boyd says United States'' ban on oil means demand is going to increase as global supply get “tighten up”. “Prices of oil are going to increase all over the world and that filters through to the petrol bowsers in Australia,” Mr Boyd said. “Petrol prices are on the way up and expected to continue rising so that’s the immediate impact on oil.”