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The post Weekly Natural Gas Prices Slide as Weather Demand Wanes; Futures Rally Amid War in Ukraine appeared first on Natural Gas Intelligence

Despite a midweek burst fueled in part by war uncertainty, weekly natural gas cash prices gave up ground amid mild late-week temperatures and expectations

The post Russia-Ukraine War Spawns Supply Worries, Sends Natural Gas Futures Above $5.00 appeared first on Natural Gas Intelligence

The post Canadian Natural Building ‘Wall of Cash’ as Crude, Natural Gas Prices Climb appeared first on Natural Gas Intelligence

White House press secretary Jen Psaki said that President Biden is "looking at options" to halt Russian oil and natural gas exports after bipartisan pressure from Congress.

House Democrats Block Bill To Approve Keystone XL Pipeline For ''American Energy Independence From Russia'' Authored by Nathan Worcester via The Epoch Times (emphasis ours), Legislation promoting U.S. energy independence from Russia has been blocked by House Democrats. Rep. Matt Gaetz (R-Fla.) speaks during a hearing on Capitol Hill on July 29, 2020. (Graeme Jennings/Pool via Reuters) House Republicans introduced the “American Independence from Russian Energy Act” on Feb. 28, a measure meant to authorize the Keystone XL pipeline, boost domestic oil and gas production, and prevent President Joe Biden’s executive branch agencies from halting energy leasing on federal land and water, among other provisions. Yet on March 1, the legislation was shot down in a 221–202 vote, almost entirely along partisan lines. “ Getting our pipelines expanded is huge, ” Rep. Bruce Westerman (R-Ark.), ranking member of the House Natural Resources Committee and a co-sponsor of the measure, told The Epoch Times.

Natural gas markets have been bullish during the course of the week as Russian forces continue to drive into Ukraine. That being said, natural gas futures are based on US consumption, so the upside is probably somewhat limited.

Prices of natural gas soared more than 30% on Friday, hitting record levels amid the Russia-Ukraine conflict. Investors remained concerned that Russia''s intervention in Ukraine could cause energy…

Russia "Recommends" Fertilizer Makers To Halt All Exports This morning we listed some of the countries that are dangerously (and almost exclusively) reliant on Russia and Ukraine for their wheat imports, highlighting Turkey, Egypt, Tunisia and others… ... which are facing an "Arab Spring" style food crisis (and potential uprising) in the coming weeks unless the Ukraine conflict is resolved. And unfortunately, we can now confidently predict that the coming food crisis will strike every country that is using food fertilizer - which is all - because moments ago, Russian Interfax reported that as part of Moscow''s countersanctions, Russia has recommended fertilizer makers to halt exports, a move which will sent not only fertilizer prices orbitally higher, but all food prices will soon follow. *RUSSIA RECOMMENDS FERTILIZER MAKERS TO HALT EXPORTS: IFX *RUSSIAN MINISTRY CITES LOGISTICS ISSUES ON FERTILIZERS: IFX Worse still, natural gas is required in the manufacturing process for most nitrogen/fertilizer products and so the recent surge in European NatGas prices to record highs will only exacerbate the cost of fertilizer from any halt from Russia...

MOSCOW (Reuters) – The operator of the operational Nord Stream 1 undersea gas pipeline from Russia to Germany said on Friday that transportation of natural gas to Europe was continuing normally.

European NatGas Surges To New Record Highs As Russian Pipeline Flows Stall While expectations are that Europe can survive the next winter without Russian gas, as Wood McKenzie detailed here , that is not to say the price of that ''survival'' will be anything but wealth-destroying. “From record lows at the start of winter, storage levels have now re-enter[ed] their five-year range, albeit on the lower side, and are on track to be in a more comfortable position by the end of March,” Kateryna Filippenko, principal analyst, Europe gas research, at WoodMac, said. “ It is our current assessment that the EU can get through this winter safely." But, reports this morning of intermittent gas flow supply from Russia to Germany via the Yamal pipeline with Reuters reporting that Gascade''s data showed the flow had stopped on the pipeline, which usually accounts for about 15% of Russia''s westbound supply of gas to Europe and Turkey. Gazprom has intermittently sent gas westward via the link in recent days amid high demand in Europe.

The post Ukraine Conflict Seen Fueling Domestic Price Gains as Natural Gas Futures Rise Early appeared first on Natural Gas Intelligence

Americans broadly support embracing a diverse energy mix that includes natural gas to help the country become carbon neutral by 2050, new polling from Pew Research has found. In fact, a strong majority fear “unexpected problems” if the country greatly reduces fossil fuel energy production…. The post Pew: Americans Support Natural Gas In the Future Grid appeared first on .

The Ukraine war has prompted calls in Washington’s foreign policy circles for the United States to rebuild defence ties with prodigal Nato member Turkey.Turkey has declined to enforce Western sanctions against Russia, with which it shares a maritime border in the Black Sea. Ankara depends on Moscow for nearly half the natural gas it consumes and for two-thirds of the wheat it imports.Despite Turkey’s closeness with Russia, it has also maintained friendly ties with Ukraine, which received 20…

Domestic steel makers have hiked the prices of hot-rolled coil (HRC) and TMT bars by up to Rs 5,000 per tonne as supply chain is being impacted amid ongoing Russia-Ukraine conflict. According to industry sources, the prices have been increased in the past few days and are expected to go up further in the coming weeks with the crisis deepening between the two countries. After the price revision, a tonne of HRC will cost around Rs 66,000, while the buyers will get TMT bars for about Rs 65,000 per tonne, the sources said on Friday. "The war is impacting the supply chain at the international level leading to an increase in input cost. Coking coal is trading at USD 500 per tonne," an industry executive said adding that it is a rise of about 20 per cent compared to the rates a few weeks ago. India meets 85 per cent of its coking coal, a key steel making raw material, requirement from imports. While Australia remains the main buying destination, part of requirement is met from countries like South Africa, Canada and the US.