Poland Now Has Enough Natural Gas And Coal Supply For Winter

Poland Now Has Enough Natural Gas And Coal Supply For Winter

Poland has secured its supply of natural gas and coal for the coming winter heating season, the country’s largest oil and gas firm and a senior politician from the ruling Polish party said on Friday. Polish energy firm PGNiG said in a statement on Friday that it has secured its gas supply for the 2022/2023 … Read more

Failing To Invest In Oil And Gas Would Be The “Road To Hell For America”

Failing To Invest In Oil And Gas Would Be The “Road To Hell For America”

By Irina Slav – Sep 22, 2022, 2:57 AM CDT The CEO of JP Morgan, Jamie Dimon, said that banks refusing to fund new oil and gas projects would be “the road to hell for America”. An unknown senior executive at a US bank is considering removing the organization from global green commitments due to … Read more

Germany’s Natural Gas Storage Will Last For Two And A Half Months

Germany’s Natural Gas Storage Will Last For Two And A Half Months

Gas storage sites in Germany, now nearly 90% full, will be empty after the winter, German Economy Minister Robert Habeck said on Monday. Gas storage capacity in Germany is almost 90% full, although the country no longer purchases gas at any price, the minister was quoted as saying. Gas storage sites in Germany were nearly … Read more

A Natural Gas Shortage Is Looming For The US

A Natural Gas Shortage Is Looming For The US

Last week, the media rushed to report that natural gas prices in the United States had fallen sharply after trade unions and railway companies reached an attempted deal that averted a potentially devastating strike. Indeed, natural gas prices fell by nearly a dollar per million British thermal units, helped by a respectable build in inventories. … Read more

A Natural Gas Shortage Is Looming For The US

A Natural Gas Shortage Is Looming For The US

Last week, the media rushed to report that natural gas prices in the United States had fallen sharply after trade unions and railway companies reached an attempted deal that averted a potentially devastating strike. Indeed, natural gas prices fell by nearly a dollar per million British thermal units, helped by a respectable build in inventories. … Read more

The Perfect Storm Is Brewing In US Diesel Markets

The Perfect Storm Is Brewing In US Diesel Markets

1. Threat of Railways Stike Highlights US Energy Vulnerability – The prospect of a nationwide railway strike pushed US natural gas futures up above 9 per mmBtu, amidst fears of coal-by-rail disruptions, underscoring the importance of gas in power generation. – According to the US EIA, consumption of natural gas in the United States is … Read more

What The White House’s Refusal To Refill The SPR Means For Oil

What The White House’s Refusal To Refill The SPR Means For Oil

Politics, Geopolitics & Conflict After some 150 soldiers were killed this week in renewed fighting over Nagorno Karabakh, Armenia and Azerbaijan have agreed to a ceasefire. This ‘frozen’ and oft-unfrozen conflict dates back to the 80s, with territory considered as belonging to Azerbaijan but home to a large Armenian population, making for an untenable situation. … Read more

US Natural Gas Prices Plummet On Rail Deal, Storage Build

US Natural Gas Prices Plummet On Rail Deal, Storage Build

US natural gas futures fell 8% on Thursday as the rail union reached a temporary labor agreement with its workers. Henry Hub natural gas futures (NGV2) fell $0.728 MBtu (-7.99%) to $8.397 on the railway deal, without which would have increased the demand for natural gas in an already tight market. A rail industry disruption … Read more

EU Calls On Fossil Fuel Industry To Help Raise $140 Billion

EU Calls On Fossil Fuel Industry To Help Raise 0 Billion

The European Commission will propose a revenue cap for companies producing electricity at a low cost and a “crisis contribution” from the extra profits of fossil fuel companies in a plan to raise $140 billion (140 billion euros) to cushion the energy crisis blow to European citizens and economy, European Commission President Ursula von der … Read more