Tag Archives: gas prices

‘It’s a fossil fuel war’: Ukraine’s top climate scientist speaks out

This story was originally published by the Guardian and is reproduced here as part of the Climate office collaboration. For Svitlana Krakovska, Ukraine’s top climate scientist, it was the week when eight years of work culminated in a landmark UN report exposing the devastation the climate crisis is causing around …

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UK oil prices – live: Drivers pay ‘incredibly high’ costs as RAC says diesel ‘on track to reach £1.70 a litre’

Drivers queue for fuel in England as motorists are hit by rising oil and diesel prices With average petrol and diesel costs hitting record highs in the UK, drivers will see ‘unbelievably high prices on the forecourts’, the RAC has warned, as petrol has reached over £2 a liter in …

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Staples: Alberta offers a way out of North America’s chaotic energy policy

Breadcrumb Links Politics national Columnists Energy security is the most burning domestic issue in the United States right now. Biden and his Democrats are reportedly considering importing more oil from dictatorships like Venezuela, Saudi Arabia and Iran. Publication date : March 09, 2022 • 57 minutes ago • 3 minute …

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Repercussions of the Russo-Ukrainian War on Africa

The transformation of the Russian invasion of Ukraine’s Donbass region into an all-out war on February 24 has raised global economic and security concerns. In this context, the reactions of African countries to the Russian intervention, how the Russian-Ukrainian war will affect Russia’s African policies, and general reflections of the …

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Oil prices rise as fears over Russian crude supply escalate

Oil prices continued to climb on Wednesday as markets braced for severe disruptions in crude supplies from Russia as Moscow’s invasion of Ukraine continues. The global benchmark, Brent crude, climbed as high as $113 a barrel on Wednesday, just days after breaking the triple-digit mark for the first time in …

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What will happen if Russia cuts gas supplies to Europe?

Gas prices in Europe soared as Russia launch a military operation in Ukraine. Air raid mermaids sounded in the Ukrainian capital of Kiev last week as President Vladimir Putin ordered an attack on several cities – with missiles and troops sent into the country. Videos captured by eyewitnesses show long …

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Commodities Rise as Russia Invades Ukraine: Major Oil, Aluminum, Palladium and Nickel Price Spikes

Editor’s Note: With such volatility in the markets, stay up to date with daily news! Get our quick roundup of today’s must-see news and expert opinion in minutes. Register here ! (Kitco News) – In a highly volatile session following Russia’s attack on Ukraine, the commodities sector surged, …

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Stop firing shots at Gazprom, Ukrainian gas boss tells EU – POLITICO

Press play to listen to this article It’s high time the EU stops avoiding a long-overdue legal showdown with Moscow’s gas export monopoly and shifts its energy investments away from Russia, the state gas company’s chief executive tells POLITICO Ukrainian Yuriy Vitrenko. Europe’s dependence on Russian gas is one of …

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The pros and cons of using natural gas to power Cayman Islands

Over the years, natural gas has been recommended as an alternative fossil fuel. Even in the local monopoly’s integrated resource plan, natural gas is sought as a substitute for diesel fuel. However, natural gas has advantages and disadvantages which, when discussed, must be explained in a fair and balanced manner. …

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Campaign against oil and gas investment short-sighted, Saudi energy minister tells IPTC 2022

RIYADH: As Arab states push ahead with economic diversification plans, experts watching geopolitical developments remain optimistic about the future of the Gulf region, but warn that strong global and political headwinds persist. Experts gathered at a recently concluded conference at the Arab Gulf States Institute in Washington, also known as …

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How a Russian-Ukrainian conflict could affect global markets. 5 points

Below are five charts showing where a potential escalation in tensions could play out in global markets: 1/SHELTERS A major risk event usually sees investors rush into bonds, generally considered the safest assets, and this time may be no different, although a Russian invasion of Ukraine is likely to push …

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Punjab will get cheaper gas

ISLAMABAD: Punjab, the gas-starved province, is set to receive a cheaper gas supply after the Senate passed a bill on Thursday to implement the weighted average cost of gas (Wacog). In addition, the law will help the government reduce circular debt in the gas sector while the share of liquefied …

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Norwegian oil companies increase investment plans for 2022

General view of Equinor’s Johan Sverdrup oil platforms in the North Sea, Norway December 3, 2019. REUTERS/Ints Kalnins Join now for FREE unlimited access to Reuters.com Register OSLO, Feb 17 (Reuters) – Norwegian oil and gas companies plan to invest nearly $18 billion this year, more than originally planned, as …

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West Virginia State Tax Department May Retry Natural Gas Valuation Rule | News, Sports, Jobs

AP Photo – A natural gas well is seen across the Monongahela River from Morgantown in this 2011 file photo. CHARLESTON — A bill being considered by the House Finance Committee Monday afternoon would give the state tax department another attempt at crafting a rule to …

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Explanation: what happens to Europe’s energy if Russia acts?

Fears are growing about what would happen to Europe’s energy supply if Russia were to invade Ukraine and then halt natural gas exports in retaliation for US and EU sanctions. The tensions show the risk of Europe’s dependence on Russia for energy, which provides around a third of the continent’s …

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How Putin’s $11 billion pipeline divided NATO and the EU in times of crisis

The United States, United Kingdom, Ukraine and several European Union member states have fiercely opposed the pipeline since it was first announced in 2015, warning that the project would boost Moscow’s influence in Europe. According to experts, this in itself is a victory for Russian President Vladimir Putin. Kristine Berzina, …

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Oil may rise as Putin approaches Ukraine

Mike Waltz, R-Fla., speaks on Biden’s cancellation of U.S. pipelines and growing tensions at the Russia-Ukraine border. As Russian President Vladimir Putin moves closer to Ukraine, global energy markets face a potentially seismic event threatening a global economic downturn. Teleprinter Security Last Change Change % USO US OIL FUND LP …

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Energy companies boosted by gas price spikes have paid £200bn to shareholders since 2010 | Oil and gas companies

Oil and gas companies have paid nearly £200billion to shareholders since 2010 and are set to be hit with a windfall tax to cap heating bills set to rise by up to £500 a year, according to a report on the finances of the British energy sector. . Shell and …

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Polskie Grnictwo Naftowe i Gazownictwo SA: Arbitration between Gazprom and PGNiG regarding the contract price under the Yamal contract

On January 14, 2022, Polskie Górnictwo Naftowe i Gazownictwo received notice of arbitration before the ad hoc Arbitral tribunal in Stockholm of the lawyer of PAO Gazprom and OOO Gazprom Export of arbitration. The notice includes a request to revise the contract price of natural gas supplied by Gazprom on …

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OPEC Plus and other oil producers fail to meet demand

Nearly two years ago, global oil producers halted and drastically reduced production as the pandemic gripped global economies. The sharp decline was accompanied by an implicit promise that as factories reopen and planes return to the air, the oil industry will also rebound, gradually ramping up production to help economies …

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Moldova seeks to postpone January gas advance to Gazprom

The logo of the energy company Moldovagaz is displayed at a gas station in Chisinau, Moldova on October 28, 2021. REUTERS / Vladislav Culiomza Register now for FREE and unlimited access to Reuters.com Register CHISINAU, Jan.11 (Reuters) – Moldova will pay its December gas bill to Russian supplier Gazprom in …

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Will the European energy crisis put the climate on hold?

Will the European energy crisis put the climate on hold? Gazprom’s gas flows to Europe in December hit their lowest point of the month in at least six years, with supplies up 12% mthn but down 19% yoy. Gazprom’s monthly exports – Europe Since September, Gazprom has significantly reduced its …

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Dividends recover for Saudi Arabia’s 10 biggest companies after pandemic

LONDON: Greta Thunberg’s bitter sacking of world leaders for their promises to fight global warming as ‘blah, blah, blah’ was not what it turned out, too far off target in 2021. Despite serious commitments from Washington to Beijing to reduce fossil fuel consumption and reduce global heating emissions, demand for …

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Missouri gas company has found a way to keep its illegal pipeline in service

Thousands of Missourians received an alarming email from their utility company last month: Unless federal regulators allow a new pipeline in the area to continue operating, up to 400,000 residents of St. Louis could be without heating this winter. The message came from Spire Missouri Inc., a natural gas utility …

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Southeast Asia’s Oil and Gas Production May Never Return to Pre-COVID Levels

The Covid-19 pandemic marked the end of an era for combined oil and gas production in Southeast Asia, pushing the region’s production in 2021 to less than 5 million barrels of oil equivalent per day (bepj) for the first time since 1998, a threshold that should not be exceeded again …

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Europe’s missteps fuel gas prices, Russia says as fuel flows east

A view shows the gas wells of the Bovanenkovo ​​gas field owned by Gazprom on the arctic peninsula of Yamal, Russia, May 21, 2019. REUTERS / Maxim Shemetov Register now for FREE and unlimited access to Reuters.com Register The price of gas in Europe hit a record high this week, …

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Moldovan President EXCLUSIVE to Russia: joining the EU is our choice

Moldova urges Russia to follow pro-Western path President to challenge Russian gas debt demands President wants Western help to catch criminals BRUSSELS, December 14 (Reuters) – Moldova aspires to join the European Union and the former Soviet republic has told Russia it is its choice, Moldovan President Maia Sandu said …

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SNGPL refrained from charging high gas tariffs to the textile industry

LAHORE: The Lahore High Court granted provisional measures to 78 textile units against the high gas tariff introduced by the government and ordered Sui Northern Gas Pipelines Limited (SNGPL) to issue revised invoices at a preferential tariff of 6 , $ 5 / mmbtu. The petitioners had challenged the increase …

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Russian gas is not a silver bullet for the European spot market

MOSCOW: The longer natural gas prices remain at record highs in Europe this year, the more markets feel that Russian gas should not be seen as a quick fix to the problem, at least not until the end of this winter.“Overall gas production in Russia in the three quarters of …

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Prepare for volatility in natural gas markets

U.S. natural gas price volatility is expected to continue over the next several weeks and into the winter as a number of up and down factors will alternate to affect market sentiment and prices. Record US exports of liquefied natural gas (LNG) are expected to support the benchmark price of …

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Our fight against climate change begins with the export of American natural gas to replace coal

GLASGOW, SCOTLAND – NOVEMBER 02: US President Joe Biden speaks during action on forests and land … [+] Use the event on day three of COP26 on November 2, 2021 in Glasgow, Scotland. 2021 will see the 26th United Nations Climate Change Conference. The conference will run from October 31 …

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The energy freakout in Europe – POLITICO

Press play to listen to this article There is a leak on camping stoves on Spain’s Balearic Islands, while a key energy analyst says there could be gas shortages. This is proof that Europe’s energy emergency is not over. Energy prices have climbed to the top of the political agenda …

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US FERC investigates two cases of market manipulation during February freeze in Texas

Nov. 18 (Reuters) – The U.S. Federal Energy Regulatory Commission (FERC) said on Thursday it referred two cases of the February freeze in Texas to its investigations division to look for possible market manipulation or d other violations. FERC said its analysis and monitoring division looked at wholesale natural gas …

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Xi’s Master Plan Set to Shame Putin as China’s “Leverage” on Russia Exposed | Sciences | New

Russia program chairman in the Asia-Pacific program at Carnegie Moscow Center, Alexander Gabuev, warned that Russia’s plan to sell gas to China from the same fields it uses to export gas to China. Europe could have dire consequences. He said it could expose crack if the reliance on the Chinese …

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Germany suspends certification of Nord Stream 2 gas pipeline

Germany’s energy regulator said it had “temporarily suspended” certification of the Nord Stream 2 pipeline, defeating the Kremlin-backed gas project and pushing gas prices up in the UK and mainland Europe . The regulator said it could not yet approve the project, led by Russian Gazprom, because its owners had …

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Biden helpless as OPEC + meets in Vienna

Tension between Washington and OPEC + oil producers is mounting as the cartel meets today in Vienna to discuss its agreement to control production. For now, all signals from OPEC + indicate that it is unwilling to add more barrels to the global supply despite calls and demands from the …

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Only OPEC has the power to send oil prices to $ 100

After the price of West Texas Intermediate (WTI) recently crossed $ 80 a barrel, Russian President Vladimir Putin was asked if he could reach $ 100. He replied: “It is quite possible.” Given Russia’s dependence on revenues from its oil exports, he was probably smiling as he said so. The …

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Biden pushes G20 energy-producing countries to increase production

ROME, October 30 (Reuters) – US President Joe Biden on Saturday urged key G20 energy-producing countries with slack capacity to step up production to ensure a stronger global economic recovery amid a broader effort to put pressure on OPEC and its partners to increase oil supply. With soaring oil and …

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Putin’s order to pump gas to Europe drives prices down

MOSCOW – European gas prices fell on Thursday after Russian President Vladimir Putin asked the country’s main natural gas company to pump more gas into EU storage sites. Gas prices in Europe have skyrocketed in recent weeks amid strong demand in Asia, driven by the economic recovery from the pandemic …

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The specter of a problematic crown prince hangs over Biden’s policies in Saudi Arabia | American foreign policy

When Joe Biden was recently requested if gas prices were to come down soon, the US president offered an enigmatic explanation of how his strained relationship with Saudi Arabia was at least partly to blame for the price at the pump. Gas prices were high because the oil-rich countries of …

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European climate and infrastructure agency plans to end fossil fuel projects – EURACTIV.com

The director of CINEA, a newly created EU agency that manages € 55 billion in EU funding for clean energy and transport, told EURACTIV about the challenge of ending fossil fuel projects entirely , claiming that coal and natural gas assets “aren’t just going to go away.” And must be …

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Why gas prices are going up when they should go down

Historically, gasoline prices have risen in the spring for a variety of reasons, including the switch to summer fuel. Then they decrease in the fall for reasons such as lower demand for gas after the hot summer months. But this is not the case this year. Gas prices have gone …

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Oil hits multi-year high above $ 86, then pulls back

A worker takes a sample of crude oil from an oil well operated by the Venezuelan state oil company PDVSA in Morichal, Venezuela, July 28, 2011. REUTERS / Carlos Garcia Rawlins / File Photo American crude, lower fuel stocks, tightening supply -EIA Coal and natural gas prices fall, weighing on …

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Public Joint Stock Gazprom: Balkan Stream countries hope to avoid worst of international gas crisis

As the debate rages on Nord Stream 2 gas pipeline, a separate gas pipeline system transporting Russian gas to South Eastern Europe has quietly opened up in recent years, and now allows countries along its route to avoid the worst of the energy crisis. As North Steam and Nord Stream …

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EU chief says key to energy crisis is pushing Green Deal

On Wednesday, the senior European Union official urged the 27 member countries to wean themselves off natural gas not only to accelerate the transition to clean energy, but also to make the bloc a more independent player in the world. On the eve of an EU summit focused on the …

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Natural gas futures drop below $ 5 as mild weather prevails through early November

Natural gas futures extended their losses on Monday as cold weather remained largely absent from long-term forecasts. Despite rising global prices, the November Nymex gas futures contract plunged 42.1 cents to settle at $ 4.989 / MMBtu. December fell 36.4 cents to $ 5.236. In one look : Weather models …

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5 energy stocks to watch as the earnings season approaches

Profit season is here again, with almost 10% of S&P 500 companies that published results in the third quarter of 2021. According to FactSet data, 80% reported actual EPS higher than estimates, with profits 14.7% higher than Wall Street estimates. No energy company has yet submitted its third quarter 2021 …

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Oil prices soar as COVID recovery, power producers fuel demand

Russian gas giant Gazprom has reserved about a third of the additional gas transit capacity offered through the Yamal-Europe pipeline through Poland for November and has not reserved any volume through Ukraine, auction results showed on Monday. Gazprom’s data also showed that its gas exports declined in the first half …

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$ 200 ‘Crazy’ Oil Bets Invade Options Market

A roaring bullish crude options trade indicates that the energy rally of 2021 is far from over. Traders are betting once again that the benchmark US oil will exceed $ 100 a barrel, up from $ 82 recently, as early as December. U.S. crude, known as West Texas Intermediate or …

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Massive oil price hikes set again next week – Manila Bulletin

Motorists will have to prepare for larger increases in gasoline prices next week from P 1.90 to 2.00 per liter, according to calculations by oil companies. For diesel products, the expected price increase will be in the range of P1.35 to P1.45 per liter while kerosene products are expected to …

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Europe Gas: mixed prices before transit auctions, milder temperatures

Wholesale gas prices in Europe were mixed on Friday morning, with Dutch auctions for the coming month rising slightly from transit auctions next week, but fast UK prices fell due to oversupply and milder temperatures. * The Dutch wholesale gas price for November rose 2.49 euros to 100.00 euros per …

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bne IntelliNews – bneGREEN: Russia will become carbon neutral by 2060

Russian President Vladimir Putin set the goal of carbon neutrality by 2060 during comments in his speech to the Russian Energy Week plenary on October 13. “In practice, Russia will strive to achieve carbon neutrality in its economy,” he told delegates. “And we set a benchmark for this – no …

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Oil is stable as soaring electric fuel prices offsets concerns over crude demand

A gas station attendant prepares to refuel a car in Rome, Italy, January 4, 2012. REUTERS / Max Rossi IMF slashes growth prospects for major economies China’s crude imports in September fall 15% year-on-year – data U.S. Gasoline Futures On Track For Higher Close Since October 2014 Market expects API …

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Public Joint Stock Gazprom: EU unveils energy ‘toolbox’ as Putin denies manipulating gas prices

Brussels/Moscow October 13 (EFE) .- The European Commission on Wednesday presented his plan to deal with rising gas prices, as Russian president Vladimir Poutine denied that his country uses energy as a political weapon against Europe. The price of gas has increased six-fold last year, while electricity on the wholesale …

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$ 100 of oil doesn’t seem likely

Saudi Energy Minister Prince Abdulaziz bin Salman al-Saud (Photo by KARIM SAHIB / AFP via Getty … [+] Images) AFP via Getty Images A woman was recently sentenced to four days in jail for approaching a bear to take a selfie: I guess she wasn’t at NYMEX, where bears seem …

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Like it or not, with Nord Stream 2, Putin has his foot on the gas Europe so badly needs | Energy industry

ANear years of debate in Germany and beyond, Russian state-backed energy giant Gazprom confirmed last month that it had completed construction of Nord Stream 2, a 760-mile pipeline with the potential to send 55 billion cubic meters of gas under the Baltic Sea to Germany. every year. Russia is already …

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Putin’s announcement on increasing gas deliveries to the EU gesture of cooperation: Expert

ANI | Update: 09 Oct 2021 2:00 PM STI Moscow [Russia], October 9 (ANI / Sputnik): Russian President Vladimir Putin’s statement that energy giant Gazprom could increase Europe’s gas supply is a move to promote international energy cooperation for the benefit of all, Paul Adam Isbell, professor of political economy …

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Covid at center of global energy crisis, but cascade of problems fuel it

LONDON – Much of the world is suffering from a severe energy crisis. Homes and factories across China are in darkness. India’s coal-fired power plants are scrapped. Dozens of UK utility companies have gone bankrupt. Spain announced emergency legislation after household utility bills rose by more than a third in …

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Soaring oil and gas fuels inflation fears, as German factory orders tumble – Business Live | Business

Hello and welcome to our continued coverage of the global economy, financial markets, UK supply chain crisis and business. The energy crisis is intensifying, driving up costs for households and businesses, and spreading inflationary fears in the markets. US crude hit its highest level since 2014 this morning, extending its …

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Gazprom cuts gas to EU via Belarus by 70%

Russian company Gazprom continues to cut gas supplies to Europe via Belarus, potentially exacerbating tense market conditions. Exports to the EU via Belarus fell from 112 million cubic meters (mcm) on September 26 to just 30 million cubic meters on Sunday October 3, according to the latest data from Gazprom. …

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Oil and gas prices could remain high as investors seek clean energy

HOUSTON – Americans are spending a dollar more on a gallon of gasoline than they were a year ago. Natural gas prices have climbed more than 150% over the same period, threatening to increase the prices of food, chemicals, plastics and heating this winter. The energy system is suddenly in …

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Europe is under attack by Putin’s energy weapon

Russian President Vladimir Putin pictured in Sochi on September 29. (Vladimir Smirnov / TASS via REUTERS) Nord Stream 2 is not yet operational, but the Kremlin’s tightening grip on energy supply is already being felt across Europe. The price of gas futures continues to hit record highs and has risen …

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EUROPE GAS-Dutch prices rise due to lower Russian supply and competition for LNG

European wholesale gas prices rose on Friday morning amid falling Russian flows at the start of the new gas year and record Asian prices, intensifying competition for LNG supplies to fill storage as the end of the year approaches. Winter. The November gas price at Dutch hub TTF, a European …

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Ukraine demands sanctions on Russian Gazprom after Kiev loses gas imports

An engineer checks the gas distribution system at Beregdaroc, one of several Russian gas entry points into the European Union, on February 10, 2015. REUTERS / Laszlo Balogh Russian-Hungarian deal deprives Kiev of revenue and gas Kiev wants sanctions against Gazprom Kremlin says criticism is politicized Said that Gazprom fulfills …

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RPT: ANALYSIS – EU gives no valid argument to oppose Hungary’s decision to import Russian gas

BRUSSELS (UrduPoint News / Spoutnik – September 30, 2021) The European Union has expressed concerns over Hungary’s contract with Russian Gazprom for the supply of gas, transported via Serbia and Austria, but Brussels no There is absolutely no valid reason to oppose the deal despite Ukraine’s displeasure, experts said Sputnik. …

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3 takeaways from yesterday’s FERC hearing

Federal Energy Regulatory Commission Chairman Richard Glick yesterday defended the need for a stricter review of natural gas projects during his first appearance before the Senate Energy and Natural Resources Committee since that he took over as head of the agency in January. Lawmakers questioned all four FERC members – …

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OPEC + will not and will not be able to stop the rise in oil prices

Few could have predicted that after an already big bull run this year against a backdrop of recovering demand, oil prices still had a long way to go. And yet, the world’s most traded commodity has just received a major boost from the gas crisis in Europe and Asia, prompting …

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Alberta Energy ‘War Room’ Launches Times Square Ad and Expert Questions Campaign

Alberta’s Canadian Energy Center launched an advertising campaign in Times Square to promote the country’s oil and gas industry in the United States. Province’s so-called energy “war room” initiative spends $ 240,000 to make Canadian sector the solution for “cleaner energy and lower gas prices,” according to website . The …

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Oil prices exceed $ 80 a barrel for the first time in three years

European coal, carbon and gas prices have all hit record highs as crude oil surged above $ 80 a barrel, making it clear that the world is heading towards an energy crisis that could weigh on economic growth. . Brent, the international benchmark, rose 0.9% to $ 80.22 a barrel …

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PennEast becomes last to scuttle gas pipeline project

A gas pipeline in Chino Hills State Park, California, United States, April 21, 2021. REUTERS / Lucy Nicholson Sept. 27 (Reuters) – PennEast Pipeline on Monday said it would stop developing a proposed Pennsylvania-New Jersey pipeline, the latest in a series of natural gas lines to run aground due to …

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Three-year high oil price means further pressure on household bills

Oil prices rose for a fifth day in a row, with Brent crude oil prices at their highest level since October 2018 and heading towards $ 80 a barrel due to supply issues as demand picks up in parts of the world with the relaxation of pandemic restrictions. Brent crude …

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Column: Global energy shortage manifests itself in soaring coal, gas and oil prices: Kemp

The sun sets behind power lines near the town of Sachkhere, some 200 km (124 miles) northwest of Tbilisi, September 13, 2013. REUTERS / David Mdzinarishvili / File Photo LONDON, Sep 24 (Reuters) – Record gas and electricity prices in Europe, record coal prices in China, gas prices at multi-year …

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Russian Gazprom ready to boost gas sales to Europe – Ifx quotes Kremlin

The Gazprom company logo can be seen at the St. Petersburg International Economic Forum (SPIEF) in St. Petersburg, Russia on June 2, 2021. REUTERS / Evgenia Novozhenina / File Photo MOSCOW, September 26 (Reuters) – Russian energy giant Gazprom (GAZP.MM) is ready to increase Europe’s natural gas supply, a Kremlin …

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What the experts are wrong about the UK energy crisis

Headlines are scary: the price of natural gas in the UK quadruple in 2021, Russians accused of manipulating natural gas supply, rising gas prices are forcing the closure of fertilizer factories, resulting in a shortage of carbon dioxide necessary to stun animals before slaughter, which could lead to a shortage …

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Gazprom Neft sees technical synergies with Abu Dhabi gas program

Gazprom Neft, the oil and gas exploration arm of Russian gas company Gazprom, expects oil prices to average $ 50 a barrel. The company also sees possible opportunities in sharing its technical expertise in developing the UAE’s gas reserves, its deputy managing director said. “When we talk about our strategic …

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Gazprom: we are not withholding gas from Europe

Russian gas giant Gazprom rejects speculation and accusations that it is not delivering enough natural gas by pipeline to Europe, a senior Gazprom Export official said. So far in 2021, Gazprom’s gas deliveries to Europe have reached historic highs, wrote Sergey Komlev, chief contract and pricing structuring director at Gazprom …

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Poland enters German NS 2 certification process

Poland enters German NS 2 certification process The German network regulator BNetzA has granted the Polish state PGNiG and its German subsidiary PGNiG Supply & Trading (PST) the right to participate in the certification process of Nord Stream 2, the Polish company announced on September 22. Certification is a key …

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Soaring gas prices, another headwind for the global economy

Snow-covered transfer lines are seen at the Dominion Cove Point Liquefied Natural Gas (LNG) terminal in Lusby, Maryland, March 18, 2014. REUTERS / Gary Cameron LONDON, Sept. 20 (Reuters) – Soaring gas prices that threaten to push up fuel bills in winter, hurt consumption and exacerbate a surge in short-term …

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Energy crisis: Why gas prices have skyrocketed and left the UK facing the prospect of food shortages | Economic news

The price of gas has skyrocketed in recent weeks, bankrupting several energy suppliers and prompting warnings of food shortages in UK supermarkets. Wholesale gas prices have skyrocketed 250% since the start of the year, including an increase of 70% since August, according to the professional body Oil & Gas UK. …

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Ethanol Producer Magazine – The latest news and data on ethanol production

The key to cleaner, more affordable energy for American consumers does not lie in the oil fields of Saudi Arabia and Russia, but in the agricultural fields in the heart of our nation. Our leaders in Washington should look to American farmers for help. Anyone who has worked in the …

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Marketmind: Watch These Spiraling Gas Prices

Fuel prices will be displayed at a gas station on Copacabana Beach in Rio de Janeiro, Brazil on September 2, 2021. REUTERS / Richard Moraes / Files September 20, 2021 Watch the day before from Sujatarao. A big week of monetary policy. About 16 central banks met, possibly with the …

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Two industries hit by high oil and natural gas prices

A cross-section of Wall Street experts played down the recent surge in oil prices, saying it is unlikely to harm the global recovery. One indicator that supports this claim is the oil load, or the cost of oil as a proportion of gross domestic product. According to Morgan Stanley, the …

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Energy prices will drive inflation up across Europe, economists warn

Newsletter: Europe Express Your essential guide to what matters in Europe today. Delivered every day of the week. Soaring energy prices will drive inflation up across Europe this year, hurting consumers and threatening the region’s post-pandemic economic recovery, economists warn. European gas benchmark prices have already tripled this year, even …

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Soaring energy prices could cripple the European economy

Soaring energy prices in Europe are not just affecting consumers. The price spikes have started to hit industrial activities, threatening to strike a blow at the post-COVID recovery in European economies with a triple whammy of reduced purchasing power of consumers, declining industrial production and higher operating costs. Giant European …

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Top Tory insists UK to avoid energy emergency this winter as gas prices skyrocket

It comes amid ongoing supply chain issues, with Covid and Brexit accused of reporting empty shelves in the UK Business Secretary Kwasi Kwarteng said Britain would not be affected by an energy emergency ( Image: Getty Images) Britain will not run out of energy this winter despite growing concerns about …

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Russia accused of rigging gas prices to hamper Covid recovery in UK

September 18, 2021, 10:53 The Russian state gas company is under investigation. Image: Alamy The Russian state gas company is under investigation into a spike in the price of natural gas, accused of inflating the price to undermine Britain’s recovery after the Covid-19 pandemic. Gazprom has been accused of “deliberate …

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Why some see Russia’s hand in the gas price crisis in Europe

Natural Gas Updates Sign up for myFT Daily Digest to be the first to know about natural gas news. Russia’s position as a reliable gas supplier to Europe is at stake. Record prices in the UK and mainland Europe have drawn attention to declining natural gas supplies from Russia this …

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Group of EU lawmakers seek to investigate Gazprom’s role in soaring gas prices

A specialist welds a pipe while completing construction of the Nord Stream 2 undersea pipeline aboard the laybarge Fortuna in German Baltic Sea waters, September 6, 2021. Nord Stream 2 / Axel Schmidt / Handout via REUTERS BRUSSELS, Sept. 17 (Reuters) – A group of European Parliament lawmakers have called …

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Russian Gazprom says gas prices in Europe could set new records

MOSCOW (Reuters) – Already high natural gas prices in Europe could reach new highs due to low levels of gas storage, Alexei Miller, boss of Russian supplier Gazprom, said on Friday. Miller also told an online conference that demand was increasing for natural gas, which he described as a “clean …

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The energy crisis in Europe is pushing up the prices of natural gas around the world

Natural gas prices around the world are skyrocketing amid a perfect storm of tight regional gas markets and soaring electricity prices in Europe. The natural gas rally is not yet over and there is still room to set new records, especially if the coming winter turns out to be colder …

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Record-breaking energy prices could climb even higher in Europe

The European electricity market is in crisis as a perfect storm pushes prices up to ever higher heights. The timing could not have been worse as countries on the continent reopen and demand for energy increases. Most signs point to the likely continuation of the current situation when things may …

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High natural gas prices weigh on Europeans and weigh on recovery

LONDON – As the world struggles to recover from the pandemic, soaring natural gas prices threaten to become a drag on economies in Europe and beyond. Wholesale fuel prices are at their highest in years – nearly five times where they were then in 2019, before people started to get …

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UK GAS-Prices rise amid NS2 uncertainty and low LNG supply

British and European gas prices rose on Tuesday morning amid continued uncertainty around the start-up of the Nord Stream 2 (NS2) pipeline and a weak supply of liquefied natural gas. UK September contract TRGBNBPD1 rose 1.25 pence to 107.25 pence per therm at 0802 GMT. At the Dutch TTF hub, …

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European natural gas tumbles as Norwegian supplies rebound – LNG recap

European natural gas prices fell again on Monday and weighed on those in Asia as gas pipeline imports increased and the market became clearer on exactly when Russia’s Nord Stream 2 (NS2) pipeline could begin operations. operations. Norwegian supplies surged higher on Monday as more capacity returned from the Troll …

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Big Oil seeks to attract investors with massive dividends

Big Oil has just had another successful season, posting the second straight quarter of stellar growth of highs and lows. According to the latest FactSet data, the energy sector’s second-quarter 2021 revenue growth rate of 24.9% is well above Wall Street’s estimate of 19.4%, while the industry said A profit …

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Nord Stream 2 could crush European natural gas prices

We recently wrote about Soaring gas prices in Europe while Russian natural gas supplies have been surprisingly low, amid growing concerns about Europe’s inventory levels heading into winter. The uptrend in prices was finally broken yesterday – if only for now – as Bloomberg Stephen stapczynski explains, Dutch natural gas …

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Exxon production drop is very bullish for oil prices

Last week, ExxonMobil (NYSE: XOM) posted its results for the second quarter of 2021 in one of Big Oil’s most anticipated dashboards this earnings season. The largest oil and gas company in the United States displayed stellar gains it proved that the worst for the US shale industry could finally …

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