Natural gas prices in the U.S. hit a fresh 13-year high on growing concern that stockpiles of the power-plant fuel will fall short of demand this summer. The current rally Continue Reading
Oil slipped on Tuesday, pressured by COVID-19 lockdowns in China which could weigh on demand, but finding support from a possible European oil embargo on Russia over its invasion of Continue Reading
Gas prices could rocket in the near term if Russia implements shutoffs to more countries. If Russia implements gas shutoffs to more countries unwilling to pay in Rubles, in addition Continue Reading
Winter 2022-2023 prices approach $8/MMBtu US production averages 93.2 Bcf/d in April US gas storage deficit widens to over 300 Bcf US gas futures prices edged back toward the mid-$7/MMBtu Continue Reading
BP does not expect any let off in oil prices in the near term as the volume of Russian oil impacted by Western sanctions was expected to double, Chief Executive Continue Reading
For the past three decades, companies and consumers benefited from cross-border connections that kept a steady supply of electronics, clothes, toys and other goods so abundant it helped prices stay Continue Reading
Oil declined in tandem with equities as China’s stringent measures to curb Covid-19 threatened a further hit to economic activity and fuel demand. West Texas Intermediate futures slid 3% as Continue Reading
Oil prices fell on Monday as concerns about weak economic growth in China, the world’s top oil importer, outweighed fears of potential supply stress from a potential European Union ban Continue Reading
Algeria has long been a medium-stakes player in the global game of oil and gas exports, but the energy crisis in Europe has created an opening for the North African Continue Reading
Oil logged gains for a fifth month after another tumultuous period of trading that saw prices whipsawed by the fallout from Russia’s war in Ukraine and a resurgence of Covid-19 Continue Reading
