United States Natural Gas Fund Lp ETF News

The post Natural Gas Forwards Fall on Warming March Outlook, Potential Early Storage Build; Volatility Could Continue appeared first on Natural Gas Intelligence

By Neil Debenham The Covid 19 pandemic significantly affected businesses and induced numerous permanent companies closures worldwide but as society returns to normal, businesses now face a new volatile backdrop caused by Russia’s invasion of Ukraine. Oil prices have recently surged to over $100 for the first time since 2014, indicating mass fear over a potentially catastrophic supply chain disruption. While Russia is not the primary provider of oil to the UK, many European countries rely on them. In turn, this creates pressure on UK natural gas supply. In both cases, it is uncertain to what extent these price hikes will be sustained. Energy price increases serve as a catalyst for a domino effect on the economy at large and mean businesses have to pay significantly higher overheads. Rising energy prices in particular are a significant concern for SMEs as whilst large conglomerates can negotiate longer-term energy tariffs with a supplier, SMEs don’t have this privilege. Working on considerably tighter margins meaning the smallest hike in energy …

BREXIT BRITAIN is leading the charge in ditching Europe''s reliance on Russian natural gas with nearly a dozen new energy projects across the continent, Express.co.uk can reveal.

Inventories declined less than expected

ATHENS, March 10 (Xinhua) -- Greece''s annual inflation rate increased to 7.2 percent in February and hit a 26-year high, the Hellenic Statistical Authority (ELSTAT) said here on Thursday. The inflation rate was minus 1.3 percent in the same month of 2021. According to ELSTAT, the surge resulted mainly from a 78.5 percent hike in natural gas, 71.4 percent in electricity, 41.5 percent in heating oil and 23.

The post Natural Gas Futures Trade Sideways Ahead of Expected Shift in Weather Demand appeared first on Natural Gas Intelligence

If you''ve recently filled up your tank, you may have noticed that your wallet feels a bit lighter. That''s because gasoline prices have surged to a decade-plus high of $4.25 per gallon according to AAA amid a host of factors, the largest of which include the crisis in Ukraine and supply-demand imbalances. But while skyrocketing gas prices are hurting consumers, they''re creating a boon for the energy sector – including refining stocks. Refiners take raw crude oil and natural gas, send it through a chemical process and turn it into products we can actually use. This includes gasoline, jet fuel and diesel. The secret to the refiner''s operational success is called the "crack spread," which measures the difference between the value of gasoline and crude oil – and is used to approximate a company''s potential profit margin. When crack spreads are wide, refiners profit more. And right now, crack spreads are agape. According to the latest Energy Information Administration (EIA) report, the average RBOB-Brent crack spread – a widely used measure – jumped 67% between Feb. 28 and March 3, and is well above the average for this time of year.

Early White House efforts to boost U.S. liquefied natural gas exports and cut Europe''s reliance on gas from Russia after its invasion of Ukraine are proceeding slowly, because of concerns about climate change impacts, government and industry sources said. The Ukraine crisis has underscored Europe''s dependence on Russia, which supplies about 40% of its natural gas used to heat homes and generate electricity, and the Biden administration has promised its allies it will help break that chain.

The post April Natural Gas Futures Maintain Footing Following Bullish Storage Report appeared first on Natural Gas Intelligence

The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 124 billion cubic feet for the week ended March 4. That compared with a 110 billion cubic foot decline forecast from Marshall Steeves, energy markets analyst at S&P Global Commodity Insights. Total supplies in storage stand at 1.519 trillion cubic feet, down 281 billion cubic feet from a year ago and 290 billion cubic feet below the five-year average, the government said. Following the data, April natural gas climbed by 6.5 cents, or 1.4%, at $4.591 per million British thermal units, little changed from before the supply data. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

- By simply paying their electricity and natural gas bills, NRG customers are making a big impact in their communities - NRG, one of the nation''s leading electricity and natural gas suppliers, is celebrating a $5 million milestone for its charitable program, Choose to Give. Thanks to customers who have chosen this innovative program, seven nonprofits across the East Coast and Midwest have received millions to invest in the communities they serve. NRG''s Choose to Give , which launched in 2017, allows customers to support local nonprofits simply by paying their electricity and natural gas bills. Through this initiative, NRG makes a $50 contribution for every electricity customer and a $25 contribution for every natural gas customer that signs up for one of these plans. Then, each year the customer remains on the plan, NRG contributes 1% of the supply portion of the customer''s bill to that nonprofit. "Through … Full story available on Benzinga.com

Germany will close all of its nuclear power plants by the end of this year, despite the nation''s already crippling addiction to Russian natural gas.

ABUJA – The Minister of State Petroleum Resources Chief Timipre Sylva has called on the United States (US) Government to provide funding support for Nigeria to develop its natural gas resources to serve as an alternative source of energy for Europe. The Minister’s call was conveyed in a statement signed by Horatius Egua, Senior Adviser […]

Borqs Technologies, Inc. is a global provider of 5G wireless solutions, Internet of Things (IoT) solutions, and innovative clean energy, with operations in the U.S., India and China. Recently, the oil price has extended to well over $100/barrel due to geo-political tensions. The fossil fuel energy prices, including crude oil, coal and natural gas, are […] The post Borqs Solar Energy Storage Business Unit Anticipates Benefitting from High Fossil Fuel Price Environment appeared first on AiThority .

Households "have accumulated about $2.6 trillion of ''excess saving'' in recent years relative to the pre-pandemic trend, which all else equal could be enough to cover even a sustained 50% surge in oil and natural gas prices for many years to come."