United States Natural Gas Fund Lp ETF News

President Biden widened the slate of U.S. sanctions against Russia in response to its military moves on Ukraine Wednesday, leveling sharp economic penalties on the builder of the $11 billion Kremlin-backed Nord Stream 2 pipeline designed to carry Russian natural gas to Germany. The move, which carries with it potentially …

America and its allies can wean Europe off its dependence on energy imported from Russia.

Natural gas futures rallied again midweek as sub-freezing temperatures descended into the Lower 48, resulting in a precipitous decline in production from

The post Production Drop, Continued Near-Term Cold Drive Another Gain for Natural Gas Futures appeared first on Natural Gas Intelligence

US State Department spokesman says $11bn natural gas project is now ‘a piece of steel at the bottom of the ocean’. President Joe Biden announced on Wednesday the United States would impose sanctions on the company in charge of building Russia’s Nord Stream 2 gas pipeline, expanding penalties on Moscow after it recognised two breakaway …

US State Department spokesman says $11bn natural gas project is now ''a piece of steel at the bottom of the ocean''.

More than two dozen Republican lawmakers urged President Biden on Wednesday to ramp up U.S. exports of a key source of energy for Europe – liquefied natural gas (LNG) – to help curb the continent’s reliance on Russian energy imports. The senators called an earlier attempt by Democrats this month …

February 24, 2022 4:44 AM It has been built to funnel Russian natural gas to Germany under the Baltic sea, bypassing Ukraine.

Expectations are for a 121 Bcf draw in stockpiles

Germany''s decision to halt a major gas pipeline from Russia is throwing an additional wrench into Europes existing energy crunch.The project, which is known as Nord Stream 2 and would ship natural gas from Russia to Germany, has been a point of

Oil prices hit a fresh seven-year high and Brent hit $99 a barrel early on Tuesday amid an escalation in the Russia-Ukraine crisis. The optimal oil price for the market is $55-$70 per barrel, Russian Energy Minister Nikolai Shulginov told Energy Intelligence on Tuesday. High oil prices are good for Russias budget and for its hard-to-recover oil resources and projects, on the one hand, but oil so high is also hitting other sectors of the economy and slows demand growth, on the other hand, the Russian minister said. Asked why Russia doesnt support more production from OPEC+ if Russia believes that $55-$70 is the optimal price, Shulginov told Energy Intelligence that the country is increasing production within the agreed volumes. Russia looks to increase production and exploration in the coming years, the minister added. Referring to Moscows plans about the Arctic Shelf, Shulginov told Energy Intelligence, Although these are costly reserves, we still believe that Arctic resources can be utilized in future.

The post Natural Gas Futures Post Modest Increase on Near-Term Cold, Geopolitical Unrest appeared first on Natural Gas Intelligence

The tensions between Russia and Ukraine are flaring up after Russian President Vladimir Putin recognized the independence of two separatist regions in eastern Ukraine and positioned Russian troops in these regions. Following the development, Western nations are contemplating sanctions. Germany announced earlier on Tuesday that it has stopped certification of the Nord Stream 2 gas pipeline, which serves as a conduit for moving natural gas from Russia to Germany through the Baltic Sea. Ukraine is planning to sever ties with Russia. Given the globalization that has occurred over the years, the geopolitical tension in eastern Europe is bound to have ramifications for multinational global corporations. How Big Is Ukraine''s Impact? Out of the S&P 500 companies that have reported earnings between Dec. 15 and Feb. Full story available on Benzinga.com

One of the worlds largest liquefied natural gas exporters, Qatar, can divert only 10-15 percent of its LNG cargo contracts to other destinations, Qatari Energy Minister Saad al-Kaabi said on Tuesday amid the escalation of the Russia-Ukraine crisis, adding that replacing Russian gas deliveries to Europe in the short term is almost impossible. The energy markets reacted on Tuesday after Russian President Vladimir Putin recognized two breakaway regions in eastern Ukraine and ordered troops in them, with oil prices soaring close

The weather is expected to remain cooler than normal