By Julianne Geiger – Dec 02, 2022, 12:13 PM CST The number of total active drilling rigs in the United States stayed the same this week, according to new data from Baker Hughes published on Friday. The total rig count stayed at 784 this week—215 rigs higher than the rig count this time in 2021, … Read more
Earlier this week, the European Commission issued a statement declaring what it called a “safety price ceiling” for gas prices set at 275 euros, or $283 dollars, per megawatt-hour. Hailed as the long-awaited gas price cap that EU members have been discussing for weeks now, the ceiling’s aim, according to the Commission, will be used … Read more
By Julianne Geiger – Nov 11, 2022, 12:10 PM CST The number of total active drilling rigs in the United States rose by 9 this week, according to new data from Baker Hughes published on Friday. It is the largest single-week increase since the end of July. The total rig count increased to 779 this … Read more
While analysts are busy expounding on the impact on oil prices of America’s November 8 elections, China’s zero-COVID policy going forward, inflation and production and inventory numbers, exchange-traded funds (ETFs) are a great way to play high commodity prices amid a global energy crisis and a conflict in Europe. Most, but not all, ETFs are … Read more
The US Henry Hub natural gas contract continued to sell off on Wednesday afternoon after having recorded steep losses at the beginning of the week. At 4:25 PM CT, front-month natural gas futures had fallen below $6 per MMBtu, trading at $5.865 per MMBtu, some 4.45% lower than at the beginning of the trading session. … Read more
This year, the United States became the world’s biggest liquefied natural gas (LNG) export as deliveries to energy-starved buyers in Europe and Asia surged. In the current year, five developers have signed over 20 long-term deals to supply more than 30 million metric tons/year of LNG or roughly 4 Bcf/d, to energy-starved buyers in Europe … Read more
In an address to the nation on Monday, President Joe Biden raised the specter of a windfall tax on energy companies that refuses to boost domestic production to bring down oil and gas prices which will weigh on midterm elections on November 8th. With earnings season in full force, Biden was responding to a barrage … Read more
An expert gas commission in Germany has submitted a final proposal to the government, calling for a gas price cap at 12 euros cents per kilowatt hour to cover 80% of household gas consumption beginning in March and running until April 2024, Reuters reports. The gas price cap is meant to aid households that are … Read more
By Julianne Geiger – Oct 28, 2022, 12:16 PM CDT The number of total active drilling rigs in the United States fell 3 this week, according to new data from Baker Hughes published on Friday. The total rig count slipped to 768 this week—224 rigs higher than the rig count this time in 2021. Oil … Read more
Britain on Saturday denied Russian claims that British navy personnel blew up the Nord Stream gas pipelines last month, calling them “false claims of an epic scale”. “To detract from their disastrous handling of the illegal invasion of Ukraine, the Russian Ministry of Defense is resorting to peddling false claims of an epic scale,” a … Read more
