Natural Gas In The Limelight As Power Demand Soars

Natural Gas In The Limelight As Power Demand Soars

While oil markets remain incredibly tight, it is natural gas markets that are making headlines in energy markets this week. Russia is sending less natural gas to European countries and Northeast Asian nations are seeing power demand surge amid intense heatwaves. Chart of the Week – Russian pipeline gas supplies have dropped to their lowest … Read more

The EU Is Considering Capping Gas Prices

The EU Is Considering Capping Gas Prices

Italy’s idea that the EU imposes a cap on natural gas prices has emerged as the “only sustainable solution” to soaring energy prices, Italian Energy Transition Minister Roberto Cingolani said at an energy conference in Rome on Tuesday. Weeks ago, Italy proposed to the other EU member states that they place a cap on the … Read more

US Natural Gas Rises Over 4.5% Amid Pre-Summer Heat Wave

US Natural Gas Rises Over 4.5% Amid Pre-Summer Heat Wave

After plunging to a 5-week-low on Tuesday, natural gas prices in the US have ramped up again, gaining 4% on Wednesday on excessive temperatures expected to last through next week. By 3:05 pm CT, Henry Hub natural gas prices were at $7.514, up 4.52%, up over 109% year-to-date. July Nymex natural gas (NGN22) on Wednesday … Read more

LNG Tanker Rates Soar To Highest Level In 10 Years

LNG Tanker Rates Soar To Highest Level In 10 Years

Last week we showed that while US nat gas prices have had several catalysts that have propelled them higher in recent weeks, one of the biggest drivers why nat gas is trading at the highest level in over a decade, was the recent surge in LNG exports to Europe as Reuters’ energy expert John Kemp … Read more

Natural Gas Futures Hit 13-Year High As Traders Expect “Blistering Hot Summer”

Natural Gas Futures Hit 13-Year High As Traders Expect “Blistering Hot Summer”

Natural gas futures have hit an 13-year high on higher temperatures to come in the next week combined with lower production levels. On Monday, Henry Hub natural gas futures were up nearly 10% at a 13-year high. At 5:00pm EST, Henry Hub prices for July contracts sat at $9.368, up 9.91%. August contracts were at … Read more

Russia Will Regret Selling Alaska If Biden Unleashes Its Energy Potential

Russia Will Regret Selling Alaska If Biden Unleashes Its Energy Potential

Alaska has the potential to provide the US with more oil, but it all boils down to one question: what’s more important, energy security or the environment? This issue is currently being canvassed over by Biden’s administration and the Alaskan state government. As oil firms are committed to continuing major oil and gas operations in … Read more

Europe’s Unquenchable Natural Gas Thirst Is Sending Prices Soaring

Europe’s Unquenchable Natural Gas Thirst Is Sending Prices Soaring

The Henry Hub gas benchmark hit the highest in 14 years on Friday. If this was oil, everyone would be yelling about it. But gas has yet to garner the sort of attention oil receives on a regular basis. Maybe it will soon. Natural gas prices in the United States are breaking record after record … Read more

Europe Is Buying Natural Gas At A Premium To Fill Up Its Storage

Europe Is Buying Natural Gas At A Premium To Fill Up Its Storage

Prohibitively high natural gas prices in Europe have helped the continent stock up on the commodity amid lower consumption, simultaneously motivating more imports, Reuters’ John Kemp reportedmeaning Europe might get its storage caverns full before the next heating season begins. That inventories are filling up faster than previously expected is a rare instance of good … Read more

European Natural Gas Prices Continue To Slide As LNG Imports Surge

European Natural Gas Prices Continue To Slide As LNG Imports Surge

Natural gas prices in Europe on Tuesday extended a slide that began three days ago thanks to forecasts for warmer weather coming to Europe along with LNG shipments seen as offsetting the danger of a cutoff of Russian gas for the EU. Bloomberg reported that gas futures had slipped by over 3% before recouping some … Read more

The US Has Lost Its Position As The World’s Top LNG Exporter

The US Has Lost Its Position As The World’s Top LNG Exporter

After briefly surpassing Qatar and Australia as the world’s top LNG exporter, the United States lost the top slot to Qatar in April as volumes in the north dropped along with heating fuel demand, Bloomberg reports. Bloomberg data now shows that Qatar exported 7.5 million metric tons of LNG in April. American LNG production was … Read more