United States Natural Gas Fund Lp ETF News

Oil and natural gas have been able to reclaim their spot on the stock market in recent days, as ongoing political tension between Russia and Western allies has kickstarted a price rally for fossil fuels.

https://www.investing.com/analysis/natural-gas-tumbles-as-europe-races-to-fix-crisis-us-spring-beckons-200619698

Ukraine’s gas grid operator says Russian troops have entered two of four stations that pump gas to Europe

The House voted with a wide bipartisan majority Wednesday to pass a ban on importing Russian oil, natural gas and coal into the United States.

Russia’s war with Ukraine is causing turmoil in global markets on account of massive re-pricing of commodities due to supply chain disruptions and the effect of bruising sanctions. This is taking a toll on many economies, including Nigeria’s, and worsening the economic woes facing Nigerians. The prices of commodities such as crude, natural gas, aluminium, […]

Calgary, Alberta - TheNewswire - March 9, 2022 – ( TSX:SHLE ) (OTC: SCEYF) Source Energy Services Ltd. (“Source” or the “Company”) is pleased to announce its financial results for the three and twelve months ended December 31, 2021. 2021 PERFORMANCE HIGHLIGHTS Economic recovery in 2021 led to a rebound in the demand for crude oil and natural gas, driving strong commodity prices and increasing industry activity levels. As a result, Source approached record levels of activity for the year, nearly achieving its historical high for total sand sales volumes. Key achievements for the year ended December 31, 2021 included the following: realized sand sales volumes of 2,483,362 MT and sand revenue of $258.5 million; distributed 2,578,444 MT of proppants and chemicals through Source’s Western Canadian Sedimentary Basin (“WCSB”) terminal network; executed three new customer contracts and secured contract extensions with two major Montney exploration and production (“E”) companies; achieved multiple records including new service records that saw the largest daily and the largest monthly sand sales volume in Source’s history; increased utilization of the Sahara fleet by 25%, resulting in overall utilization for the year of 65%, including the deployment of a Sahara unit in the US through the entire fourth quarter of the year; realized gross margin of $39.3 million and Adjusted Gross Margin (1) of $60.4 million; reported net loss of $24.4 million, an improvement of $161.1 million from the same period last year; and realized Adjusted EBITDA (1) of $38.6 million.

Over the past year, Putin has been decreasing the amount of natural gas flowing from its pipelines towards Europe. The continent is heavily dependent on Russia for energy, relying on the country for 40 percent of gas. Putin has been exploiting this reliance over the past year, causing whole energy prices to spike to record […] Putin humiliated: UK faces ‘no threat’ from Russia thanks to ‘secure’ Norway gas supply

The post With Spring Weather Looming Large, April Natural Gas Futures Skid for Third Straight Day appeared first on Natural Gas Intelligence

Natural gas prices held in a narrow range Wednesday, flipping between modest gains and losses as traders balanced global supply worries amid the war in

Officials from Fertilizer Association of Malawi say fertilizer prices are likely to up between June and July this year due to the war in Ukraine. The association’s executive administration officer Mbawaka Phiri said Russia is a major exporter of natural gas which is used to produce Urea and other fertilizers. She said in the 2022/2023 […] The post Ukraine war triggers fertilizer price hike appeared first on Malawi Nyasa Times - News from Malawi about Malawi .

Expectations are for a 149 Bcf draw in stockpiles

JUNEAU, Alaska (AP) — Authorities are investigating a natural gas leak detected last week at a ConocoPhillips Alaska oil drilling site on Alaska''s North Slope, officials said. The leak was detected last Friday, according to a statement from the company, which said that “out of an abundance of caution” Monday it took steps to relocate non-essential personnel from the area because of what it described as a subsurface gas release at the drilling site. The company, in a statement dated Tuesday and provided to The Associated Press Wednesday by spokesperson Michael Walter, said there were “no reports of injury or environmental impact to the tundra or wildlife. Air quality continues to be monitored, and no natural gas has been detected outside of the CD1 pad.” The company described the gas leak as being below the surface of the ground and said the cause was under investigation. It said it did not have an estimate on the volume of gas that was released and Walter said the company had no additional information to disclose.

BRUSSELS (AP) — Europe faces a tough choice: Is it worth a recession to choke off oil and gas money to Russia while it fights a war in Ukraine ? While U.S. and British bans on Russian oil increase the pressure on Europe to follow suit, the continent''s dependence on Russia for energy makes an immediate embargo much more difficult. Still, some officials say it is the only way to stop pouring billions in oil and gas revenue into President Vladimir Putin''s coffers, despite the near certainty of record inflation worsening. Europe gets around 40% of its natural gas and 25% of its oil from Russia, whereas the U.S. gets meager amounts of oil and no natural gas. An EU boycott would mean higher prices at the pump and on utility bills , and ultimately the threat of an energy crisis and recession while the economy is still recovering from the coronavirus pandemic. Prices for everything from food to electricity are already painfully high partly because of skyrocketing natural gas prices in Europe .

Central banks have recently focused on so-called core inflation metrics, which do not include volatile food and energy prices. Past food and energy price shocks have been relatively short-lived, but B

PARIS: Global energy-related carbon dioxide emissions rose by six percent in 2021 to a record 36.3 billion tons, their highest ever level, the International Energy Agency said Tuesday. “The increase in global CO2 emissions of over 2 billion tons was the largest in history in absolute terms, more than offsetting the previous year’s pandemic-induced decline,” it said. It pointed to the widespread use of coal to power growth as the world economy rebounded from the COVID crisis. “The recovery of energy demand in 2021 was compounded by adverse weather and energy market conditions-notably the spikes in natural gas prices-which led to more coal being burned despite renewable power generation registering its largest ever growth,” it said. The IEA said the rebound of global CO2 emissions above pre-pandemic levels was largely driven by China, where they increased by 750 million tons between 2019 and 2021. “China was the only major economy to experience economic growth in both 2020 and 2021,” it said. “The emissions increases in those two years in China more than offset the aggregate decline in the rest of the world over the same period.” In 2021 alone, China’s CO2 emissions rose above 11.9 billion tons, accounting for 33 percent of the global total.