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Russia’s attack on Ukraine Wednesday means the conflict will take a bigger toll than believed on the U.S. economy as it drives oil prices and inflation higher and intensifies supply chain snarls. “This moves us toward a less favorable economic outlook with slower activity and higher inflation,” says Gregory Daco, chief economist at EY-Parthenon. Like other economists, Daco had based his forecast on the most likely scenario of a Russian troop deployment that fell short of military action. That would have led to a modest two-tenths of a percentage point reduction in U.S. growth this year to a still healthy 3.8%. Under the worst-case scenario of a full-scale war, Daco predicted a hit to growth of up to a percentage point. He says he’s moving toward the more dire outlook but for now is predicting a middle-ground impact of about 0.6 percentage points. Oxford Economic says it has shifted its base forecast for global economic growth to its scenario of a full-scale invasion. “We’re looking at the tensions via the prism of an economy that’s recovering from COVID, global supply chains are really stressed, and we have a high inflation environment,” Daco said. “The tensions will further fuel inflation and further stress supply chains.” Keep in mind the U.S. isn’t nearly as vulnerable to the conflict as Europe, which gets about 30% of its oil from Russia, compared with about 3% for the U.S., says Tom Kloza, chief global analyst for the Oil Price Information Service.

Europe increased its energy dependence on Russia, hoping to temper Putin''s militarism. But instead, it "funded the Kremlin''s rearmament."

Until the situation in Ukraine stabilizes, the demand for natural gas from the United States could remain dramatically elevated. These five stocks look like outstanding ideas for growth stock investors now and into the future.

The Ukraine and Russian conflict has increased the price of energy, both oil and natural gas. That will hit Europe especially hard. Here''s why.

Unlike Europe, which is facing massive potential disruptions in grain and natural gas shipments from Ukraine and Russia, the US is impacted most by gyrations in the world oil market.

All commodities soared on Thursday after Russia invaded Ukraine earlier in the day amid market fears of supply shortages of anything from crude and natural gas to wheat and aluminum. Crude oil prices soared to $105 per barrel in the early hours on Thursday, after Russian President Vladimir Putin announced a “special military operation” in Ukraine. Oil exceeded the $100 a barrel mark for the first time since July 2014. Natural gas in Europe, whose major gas supplier is Russia, skyrocketed at opening over fears that supply…

Watch Video Just what a vulnerable world economy didn''t need — a conflict that accelerates inflation, rattles markets and portends trouble for everyone from European consumers to indebted Chinese developers and families in Africa that face soaring food prices. Russia''s attack on Ukraine and retaliatory sanctions from the West may not portend another global recession. The two countries together account for less than 2% of the world''s gross domestic product. And many regional economies remain in solid shape, having rebounded swiftly from the pandemic recession. Yet the conflict threatens to inflict severe economic damage on some countries and industries — damage that could mean hardships for millions of people. Russia is the world''s third-biggest producer of petroleum and is a major exporter of natural gas. Ukraine''s farms feed millions around the world. And financial markets are in a precarious spot as central banks prepare to reverse years of easy-money policies and raise interest rates to fight a resurgence of inflation.

Europe will be able to manage a disruption to natural-gas flow through Ukraine. If Russia starts cutting off natural gas altogether, though, there isn’t a whole lot the world can do to help.

Natural gas prices spiked in the United States and Europe while oil surged above $105/bbl early Thursday amid Russian military strikes across Ukraine that

The post Oil, Natural Gas Prices Soar as Russia Launches War in Ukraine appeared first on Natural Gas Intelligence

The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 129 billion cubic feet for the week ended Feb. 18. Total supplies in storage stand at 1.782 trillion cubic feet. The change in stocks compared with the average weekly decline of 128 billion cubic feet forecast by analysts polled by S&P Global Platts, which pegged the five-year average supply decline for the period at 166 billion cubic feet. Total stocks were down 209 billion cubic feet from a year ago and 214 billion cubic feet below the five-year average, the government said. Following the data, March natural gas climbed by 20.8 cents, or 4.5%, at $4.831 per million British thermal units, ahead of the contract''s expiration at the end of the day''s session. Prices were at $4.638 shortly before the data, finding support as Russia''s invasion of Ukraine raised risks to natural-gas supplies to Europe. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

Kenney promises budget will include natural gas rebates

At four in the morning (GMT+1) on Thursday February 24th, explosions started to be heard in several Ukrainian cities, in what Vladimir Putin has described as a “large-scale operation” to defend the Ukrainian independence fighters in the Donbas region. Ukrainian authorities have already reported the first casualties and announced that Russia has launched a ‘full-scale invasion’ of the country, in the words of the Ukrainian foreign ministry with the aim of “destroying the Ukrainian state”. “The Government of Spain condemns Russia’s aggression against Ukraine and expresses its solidarity with the Ukrainian Government and people,” Spanish Prime Minister Pedro Sánchez tweeted on Thursday, adding that he was in “close” contact with Spain’s EU and NATO partners to coordinate a response to the attacks. It’s a harrowing situation for the 44 million inhabitants of the eastern European nation and an unnerving scenario for the world as a whole as it tries to put a still ongoing global pandemic behind it.

Raghuram Rajan believes the escalating tensions between Russia and Ukraine have the potential to affect not just oil and natural gas but essential commodities like wheat

Amid rising tensions over the ongoing invasion of Ukraine by Russia, former Reserve Bank of India (RBI) governor Raghuram Rajan has said that not just oil & natural gas, but various other essential commodities like wheat may face the brunt.