United States Natural Gas Fund Lp ETF News

The Russian invasion of Ukraine upended the energy policy of Germany. In just a few days since Putin decided to invade Ukraine, Europe’s biggest economy - heavily dependent on Russian pipeline gas and the end point of another project to receive natural gas from Russia - has suspended the new pipeline project and said no energy source is off the table when it comes to ensuring German energy security. Early last week, hours after Russian President Vladimir Putin recognized two separatist regions in eastern Ukraine and deployed troops there,…

At a time countries are moving away from fossil fuels, Timipre Sylva, the minister of State for Petroleum Resources has maintained that awarding marginal fields bid round is a big deal for Nigeria, as it presents an opportunity to speed up its fossil fuel exploitation and make good use of the resources for the betterment of the country. Speaking during the Nigeria International Energy Summit in Abuja on Monday, Sylva noted marginal fields help to ensure exploitation of the nation’s fossil fuel in an economic manner rather than abandoning the huge oil and gas reserves in the ground. According to him, “the year 2021 was a milestone for Nigeria’s energy sector and witnessed a number of record-breaking activities. Three of these activities stand out First, the successful conclusion of the Marginal Fields Bid Round; Second, the Petroleum Industry Act(PIA) seeing the light of the day, and third is the Decade of Gas initiative. “Both the Marginal field bid round and the Petroleum Industry Act surmounted over two-decade challenges in the doldrums before they saw the light of the day.

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.

Saudi Aramco has discovered natural gas fields in four regions of the kingdom, Energy Minister Prince Abdulaziz bin Salman said in a statement Sunday.

We have been told that intermittent electricity from wind and solar, perhaps along with hydroelectric generation (hydro), can be the basis of a green economy. Things are increasingly not working out as planned, however. Natural gas or coal used for balancing the intermittent output of renewables is increasingly high-priced or not available. It is becoming clear that modelers who encouraged the view that a smooth transition to wind, solar, and hydro is possible have missed some important points. Let’s look at some of the issues: [1] It is…

Russian soldiers and armoured vehicles seen in Kharkiv, while natural gas pipeline burns

There is a glaring carve-out in President Joe Biden''s sanctions against Russia: Oil and natural gas from that country will continue to flow freely to the rest of the world and…

Saudi Aramco has discovered natural gas fields in four regions of the kingdom, the Saudi Press Agency reported on Sunday, citing Energy Minister Prince Abdulaziz bin Salman. The fields were found in the central area of the kingdom, in the Empty Quarter desert, near its northern border and in the eastern region, he said, according to the state news agency. Saudi Arabia wants to increase gas production and boost the share of natural gas in its energy mix, replacing crude and fuel oil, to meet growing electricity consumption and to make more crude available for export. Saudi Aramco in talks on more investments in China The minister said an unspecified number of fields were discovered and he mentioned five by name, without indicating in the SPA report if these were all the reservoirs that has been found. The fields he mentioned are Shadoon, in the central region, Shehab and Shurfa, in the Empty Quarter, in the southeastern region, Umm Khansar, near the northern border with Iraq, and Samna, in the eastern region.

US and European officials made clear they still were working on implementation of the sanctions, and said they would take care not to impact European purchases of Russian natural gas.

Russia is the key supplier of crude oil and natural gas to the global markets; US and European countries had warned of sanctions on Russia, if it initiates attack against Ukraine

Russia’s new military push against Ukraine poses another threat to Europe’s already tenuous supply of natural gas.

Brazil’s 2021 hydropower crisis forced Petrobras to burn more natural gas to provide electricity, which sent its emissions to the highest in three years.