The U.S. and European economies slowed sharply in June as surging prices of energy and food weakened demand for other goods and services, business surveys showed, increasing the risk of Continue Reading
The volume of long-term LNG contracts signed to end-user markets climbed to a 5-year high in 2021. 10-year LNG contracts are currently priced at ~75% above 2021’s rate. Bloomberg data Continue Reading
The business activity index in the energy firms operating in Texas, northern Louisiana, and southern New Mexico jumped in the second quarter to the highest level in six years, but Continue Reading
EU leaders will on Friday discuss how the bloc would cope without Russian gas, and are expected to accuse Moscow of “weaponising” energy via a supply squeeze that Germany warned Continue Reading
Germany is heading for a gas shortage if Russian gas supplies remain as low as they are now, and certain industries would have to be shut down if there is Continue Reading
The United States will provide an additional $450 million in security assistance to Ukraine, including more long-range rocket systems, U.S. officials said on Thursday. Moscow’s forces are advancing in Ukraine’s Continue Reading
European natural gas prices headed for a second straight weekly advance as Russia’s deep supply cuts unsettle markets and force governments into policy u-turn to bring back coal power stations. Continue Reading
With Ukraine’s seaports blockaded or captured by Russian forces, neighboring Romania’s Black Sea port of Constanta has emerged as a main conduit for the war-torn country’s grain exports amid a Continue Reading
UK Chancellor of the Exchequer Rishi Sunak remained committed to his windfall tax. UK Chancellor of the Exchequer Rishi Sunak remained committed to his windfall tax on oil and gas Continue Reading
Highlights Recession fears continue to plague sentiment “Very challenging” to achieve soft landing for economy: Powell Oil market remains tight Crude oil futures were sharply lower in mid-morning trade in Continue Reading
