Proshares Ultrashort Bloomberg Natural Gas (kold) ETF News

Production of eight core sectors rose by 3.7 per cent in January, 2022. April-January core sector output grew by 11.6 per cent as compared to same period last year. The production of Coal, Natural Gas, Refinery Products, Steel, Cement and Electricity industries increased in January 2022over the corresponding periodof last year.The index of eight core industries measures the output of eight infrastructure industries - coal, crude, natural gas, refinery products, fertilisers, cement, steel and electricity. The core sector index has a 40.27% weight in the index of industrial production (IIP) and a low growth points to a likely weak industrial growth.

COPENHAGEN (Reuters) – Danish energy firm Orsted has stopped sourcing Russian coal and biomass for its power plants but will continue to buy up to 2 billion cubic metres (bcm) of natural gas from Gazprom per year under a long-term contract.

In 2021, Turkey imported 8,820.24 million cubic meters of natural gas from Azerbaijan, Report informs referring to the report of the Turkish Energy Market Regulatory Authority (EPDK) that this is 22.7% less than the same period last year.

Russia is still pumping and exporting vast amounts of oil and natural gas to the rest of the world in the face of Western sanctions. At the heart of it lie London-listed energy giants Gazprom and Rosneft.

Russia is still pumping and exporting vast amounts of oil and natural gas to the rest of the world in the face of Western sanctions. At the heart of it lie London-listed energy giants Gazprom and Rosneft.

[Egypt Online] The project to convert 2,262 Public Transport Authority buses to run on natural gas instead of diesel fuel is meant to preserve the environment and reduce air pollution, affirmed Local Development Minister Mahmoud Shaarawy.

Nigeria has remained far from reaping the benefits of the high oil prices in the international market, as its production falls below the quota set by the Organization of Petroleum Exporting Countries (OPEC). Oil prices had reached above $105 a barrel as at last Thursday, being the first time since 2014. Commenting on the oil price increase recently, the minister of state for petroleum, Timipre Sylva, regrets that Nigeria is not able to take advantage of the high prices due to production shortfalls. According to Sylva, being a net importer of refined petroleum products places Nigeria at a difficult position to enjoy the benefits of the oil price. He said, “Rise in crude oil prices is not something to celebrate. In Nigeria, right now we are a net importer of petroleum products and when the price of crude oil goes up it affects the prices of petroleum products. “So, for us who are the net importers, it is not very good. What we are saying is that if you are going to produce more and you get more dollars from your production, then it gives you more money for your imports. “But if you are now producing less and then you still have to make sure that the Nigerian market is supplied fully with petroleum products, then you will see that there will be a shortfall. “We are not happy at all that we are not able to take advantage of the high prices of oil that we have seen today.

Crude oil may have come to a boil from the Russia-Ukraine war, the price has increased and its direct impact has been on petrol, diesel, natural gas, said Varun Dubey.

Share market LIVE updates: An escalating conflict and more severe Western sanctions are roiling markets. Hostilities threaten to stoke inflation by jeopardising supply of key commodities such as wheat, natural gas, oil and metals, exacerbating pandemic-era price pressures

U.S. natural gas futures advanced on the prospect of higher overseas demand after Western nations imposed tighter sanctions to isolate Russia, one of the world’s top energy suppliers.

If you really want to deter Russia from its aggression against Ukraine, you hit where it will hurt the most – its oil and natural gas exports

European leaders talking up plans to wean the continent off Russian natural gas are facing a harsh reality: energy companies are buying more as the war rages in Ukraine.

The global reliance on Russian petroleum and natural gas is a major hurdle for President Biden and western allies as they attempt to dial up economic pressure on President Vladimir Putin. The US and EU are reluctant to target the Russian…

The Russian invasion has shut down car factories, hit supplies for the steel industry and severed transportation routes. Commodity prices are soaring, including for sunflower oil, natural gas and wheat. The two countries combined account for 80% of the world’s sunflower oil.

Since Russia’s invasion of Ukraine, the world’s largest economies have not shied away from expressing their disapproval by imposing sanctions on them. One of the sanctions is that Russian banks are removed from the Society for Worldwide Interbank Financial Telecommunications (SWIFT). Following lengthy deliberations, the United States, the European Union, and the United Kingdom finally agreed on Saturday to cut some Russian banks from the SWIFT messaging system. SWIFT is a Belgian messaging service that connects over 11,000 financial institutions around the world when they transfer money. It does not really keep or transmit funds, but it does enable banks and other financial institutions to alert one another of pending transactions. It notifies users when payments are sent and received. Implications of unplugging Russia from SWIFT Blocking Russian banks from using SWIFT would limit the country’s capacity to undertake foreign financial transactions, forcing importers, exporters, and banks to find alternative means to communicate payment instructions. “Cutting some commercial banks from SWIFT will ensure that these banks are disconnected from the international financial system and harm their ability to operate globally,” EU Commission President Ursula von der Leyen said in announcing the measures in Brussels.