Proshares Ultrashort Bloomberg Natural Gas (kold) ETF News

Since the days of President Jimmy Carter and the 1970s oil crisis, the United States has relentlessly pursued the utopia of energy independence. Indeed, energy independence is a worthy pursuit that both Democrats and Republicans readily agree upon. After all, relying on other countries for oil, natural gas or coal is an inherently risky proposition since It can lead to wars, or compromise the countrys relationships with foreign powers. The notion that the country could become self-sufficient by producing enough energy to sustain the entirety

Russian Trade Surplus Surges Amid Rising Tensions Amid rising tensions between Russia, Ukraine and the West, Russias oil and gas exports rebounded sharply in 2021. According to the Bank of Russia , crude oil exports climbed to $32 billion in the fourth quarter of 2021, the highest level since 2014. As a result of surging energy prices, Statista''s Felix Richter notes that the countrys total oil and gas exports, including oil products and liquified natural gas, exceeded $240 billion last year, up 60 percent from $150 billion in 2020, when energy prices had slumped at the onset of the Covid-19 pandemic. According to figures from the Russian Finance Ministry cited by Reuters , the oil price averaged $69 per barrel in 2021, up from around $40 in 2020. The average price of natural gas exported by Russia reached $277 per 1,000 cubic meters in Q3 2021, up from less than $100 in Q2 2020, amid the Covid crash. As the following chart shows, Russias merchandise trade surplus climbed to a record high of $67.6 billion in Q4 2021, despite the fact that the countrys imports also reached the highest level since 2013.

Eastbound natural gas flows via the Yamal-Europe pipeline, which usually travel west from Russia to Europe, continued in reverse mode over the weekend, with volumes slightly higher than on Friday, data from German network operator Gascade showed.

The Pakistan Peoples Partys Karachi Division held a demonstration outside the Karachi Press Club on Saturday to protest against the unprecedented hike in the prices of essential and petroleum products, and the curtailment of the supply of natural gas to the residents of Sindh.Addressing

Discussion around the Ukraine crisis has mainly focused on what caused the massive, ominous Russian military buildup at the Ukrainian border, what would transpire in an invasion, and what policy options are available for the U.S. and its allies. Relatively less attention has been paid to whether Russian strongman Vladimir Putin will achieve his goals with force or if an unprovoked invasion of a democratic neighbor might in fact be a terrible strategic mistake. That''s a question we (to say nothing of Putin himself) should be asking. The history of this kind of pointless violence isn''t favorable to its perpetrators, who nearly always end up losing more than they anticipated or gained from the war. War is, first and foremost, very costly, and it represents a failure of negotiation to resolve outstanding issues between states. No one yet knows whether this war will really happen or whether this is the century''s most elaborate and sustained international cage-rattling, but Russia''s stated objectives forcing the withdrawal of NATO forces from Eastern Europe, a formal agreement that NATO''s expansion is over, and more are both wildly unrealistic and disconnected from the situation on the ground.

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President Joe Biden on Friday addressed the nation on the heightening tensions along the Russia-Ukraine border, where nearly 200,000 troops have amassed in what the West believes is a harbinger of an invasion. Speaking from the Roosevelt Room in the White House, Biden said that Russian President Vladimir Putin has already made up his mind about launching a military offensive into Europe''s Eastern-most democracy. “We have reason to believe the Russian forces are planning to, intend to, attack Ukraine in the coming week, in the coming days,” Biden said. “We believe that they will target Ukraine’s capital Kyiv, a city of 2.8 million innocent people.” Biden further revealed that he is "convinced" that Putin has "made the decision" to send his forces into Ukraine, although he stressed that Putin can still "choose diplomacy.” The president also declared that "it is not too late to de-escalate and return to the negotiating table" in anticipation of next Wednesday''s scheduled talks between United States Secretary of State Antony Blinken and Russian Foreign Minister Sergei Lavrov.

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After an earlier rebound, natural gas futures ultimately slipped further Friday as traders focused on some easing in the early-March cold. With the

Russia and Ukraine have outsize influence in some commodity markets, including natural gas and aluminum.

The direction of the April natural gas futures contract over the near-term is likely to be determined by trader reaction to $4.460 and $4.600.

Feb 18 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a seventh week in a row for the first time since February 2021 after crude prices this week soared to their highest since 2014. The oil and gas rig count, an early indicator of future output, rose 10 to … Read more

After climbing more than 77.0 cents in the prior three sessions, natural gas futures plummeted Thursday after the latest government inventory report

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