Proshares Ultrashort Bloomberg Natural Gas (kold) ETF News

The post Mexico’s Pemex Upping Capex in Bid to Bolster Natural Gas, Oil Production appeared first on Natural Gas Intelligence

The 31 Member Countries of the Governing Board of the International Energy Agency (IEA) has agreed to release 60 million barrels of oil from their emergency reserves, according to a release by the agency. This was done to send a unified and strong message to global oil markets that there will be no shortfall in supplies as a result of Russia’s invasion of Ukraine. The statement which was made in a Governing Board meeting, held at the Ministerial level, was chaired by Jennifer Granholm, US Secretary of Energy, in her capacity as Chair of this year’s IEA Ministerial Meeting. According to the release, the Agency Ministers noted with concern the energy security impacts of the egregious actions by Russia, and voiced support for sanctions imposed by the international community in response. Read also: How Russia-Ukraine conflict may affect real estate sector The Ministers also noted that Russia’s invasion comes against a backdrop of already tight global oil markets, heightened price volatility, commercial inventories that are at their lowest level since 2014, and a limited ability of producers to provide additional supply in the short term. “It is heartening to see how quickly the global community has united to condemn Russia’s actions and respond decisively,” Fatih Birol, IEA Executive Director, said. “The situation in energy markets is very serious and demands our full attention.

Nigeria represents one of Africa’s heavyweights when it comes to hydrocarbon exploration and production. With over 36 billion barrels of oil (bbl) and 200 trillion cubic feet of natural gas, the country has managed to position itself as both an attractive upstream market and competitive producer. In its Q1 2022 outlook, the State of African Energy, the African Energy Chamber (AEC) contends that Nigeria will maintain its position as one of Africa’s leading crude oil producers as well as one of the continent’s top three gas suppliers between 2022 and 2025, providing an opportunity for the west African country to leverage its energy resources for economic growth while addressing global energy demand. Continue reading Nigeria Takes the Lead In Hydrocarbon Exploration, Production And Regulation In 2022 at BizWatchNigeria.Ng.

Teen Who Tracked Elon Musk''s Private Jet Starts Following Flights Of Russian Oligarchs Authored by Katabella Roberts via The Epoch Times, A teenager who was blocked on social media by Elon Musk after tracking the Tesla chief executive officer’s private jet has now started following the private planes of Russian oligarchs. Jack Sweeney, 19, created a Twitter account called “Russian Oligarch Jets” in February amid President Vladimir Putin’s invasion of Ukraine. Tracking all of the following. pic.twitter.com/cUW5rwS0el — Russian Oligarch Jets (@RUOligarchJets) February 27, 2022 The account tracks the movements of some of Russia’s wealthiest businessmen, informing account followers of when and where their aircrafts take off and land along with a short summary of flight information, such as the location and duration of each trip. The automated feed posted its first tweet on Sunday, the same day that the United States sanctioned two of Russia’s state-owned banks, the country’s sovereign debt, and elites with close ties to Putin.

The Switzerland-registered owner of the Nord Stream 2 natural gas pipeline project could file for insolvency in a Swiss court as soon as this week, following the U.S. sanctions over the Russian invasion of Ukraine, Reuters reported on Tuesday, citing two sources with knowledge of the matter. Nord Stream 2, led by Russian gas giant Gazprom, was a project to carry natural gas from Russia to Germany via the Baltic Sea. Until last week, the pipeline construction was complete, and Nord Stream 2 was awaiting full regulatory clearance from Germany and…

Investors are powering up their portfolios with this natural gas stock after a strong quarterly earnings report.

Readers respond to the latest stark warning from the Intergovernmental Panel on Climate Change that the window to secure a liveable future is closing The devastation and human misery described in the Intergovernmental Panel on Climate Change report ( IPCC issues ‘bleakest warning yet’ on impacts of climate breakdown. 28 February ) stands as an indictment of failing political leaders and their complicity with a fossil fuel industry that is literally destroying our only home. Scientists warn that we must act quickly to transition away from coal, oil and natural gas to clean energy. The longer we delay the transition, the more catastrophic the impact. Our elected leaders have no excuse; we must pressure them to act. Affordable clean energy is increasingly available. There are policy solutions. In near unanimity, economists say that the best way to speed the transition is to make the polluting industry pay a fee on its carbon pollution. Continue reading…

The price of oil, natural gas and other staples spiked Monday. At the same time, the groaning weight on supply chains, still laboring from the pandemic, rose as the United States, Europe and their allies tightened the screws on Russia''s financial transactions and froze hundreds of billions of dollars of the central bank''s assets that are held abroad.

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Major imports from Russia into APAC include oil and natural gas. Some countries import wheat and specialty gases such as neon and helium as well. But the overall volume of trade with the region is low, which may cause only a modest setback, according to Moody''s.

The Soyuz Vostok pipeline would deliver up to 1.77 trillion cubic feet of natural gas each year to China via Mongolia, Gazprom said.

The rise in oil prices comes as a major cause of worry for India as it is dependent on imports to meet 85% of its oil demand and 55% of natural gas requirements

Natural gas futures prices fell on Monday as weather gained the upper hand early in the trading session despite intensifying concerns regarding the

The post Natural Gas Futures Slide Further on Easing Demand Despite Rising War Jitters; Cash Plummets appeared first on Natural Gas Intelligence

Near-term forecasts for warmer temperatures in Texas look likely to squash the recent run of higher spot natural gas prices in the state, with gas demand expected to fall while risks of production freeze-offs dwindle. Already, spot gas prices across the Lone Star State fell in Feb. 28 trading for next-day flows. In East Texas, cash Houston Ship Channel dropped…