(Bloomberg) — A warmer-than-expected start to winter in large parts of the world that could linger for weeks — especially across the US — is easing fears of a natural gas crisis that had been predicted to trigger outages and add to power bills. Forecasts point to temperatures above seasonal norms for most of Europe […]
Read More(Bloomberg) — Oil took over from natural gas as the leading fuel for power plants in New England, a significant switch that signals how the grid is desperately trying to keep the lights on in the face of a winter massive storm. The six-state grid relied on oil for at least a third of its […]
Read More(Bloomberg) — No fuel is more essential to the global economy than diesel. It powers trucks, buses, ships and trains. It drives machinery for construction, manufacturing and farming. It’s burned for heating homes. And with the high price of natural gas, in some places it’s also being used to generate power. Within the next few […]
Read More(Bloomberg) — Energy traders and power utilities are storing more liquefied natural gas at sea, an unusual move to hoard supply for winter as the market faces a severe shortage. Energy-starved utilities in Europe are parking LNG shipments off the coast in a scramble to replace Russian pipeline gas this winter. They can’t simply import […]
Read More(Bloomberg) — One morning in early June, a fire broke out at an obscure facility in Texas that takes natural gas from US shale basins, chills it into a liquid and ships it overseas. It was extinguished in 40 minutes or so. No one was injured. It sounds like a story for the local press, […]
Read MoreNorth European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany. The company has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies. NRT $19.4100 1.3100 % 7.2400 […]
Read More(Bloomberg) — U.S. natural gas is on a tear. Prices have almost doubled this year to the highest since the shale revolution more than a decade ago, driving up energy costs and helping fuel the fastest inflation in 40 years. Yet the gas market, once considered a yawn among traders because of its predictability, could […]
Read More(Bloomberg) — European natural gas prices slumped to the lowest since the start of the war in Ukraine, with the Easter holidays approaching and Russian President Vladimir Putin remaining largely silent on a potential halt to European gas supplies. Benchmark Dutch front-month gas futures dropped as much as 17% to 87.19 euros per megawatt-hour, the […]
Read More(Bloomberg) — The U.S. has cemented its position as the world’s top producer of liquefied natural gas after Venture Global LNG began preparing to send its first cargo of the super-chilled fuel and rival Cheniere Energy Inc. expanded service. Venture Global’s $5.8 billion export facility in Louisiana expects to load the inaugural cargo on or […]
Read MoreBuy Price: $134.00 or better Sell Price: TradersPro Sell Signal Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude […]
Read MoreVAALCO Energy, Inc., an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore in the Republic of Gabon in West Africa. EGY $4.1500 0.0200 % 0.4800 Vaalco Energy Inc Sector : Oils-Energy Industry : Signal […]
Read MoreFlex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of March 15, 2021, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and three generation X dual fuel LNG carriers. It also provides chartering and management services. FLNG $24.9000 0.0200 % 0.0800 Flex […]
Read MoreEurope’s energy crisis got even worse on Tuesday as a shortage of natural gas, nuclear outages, declining wind power output, and cold weather boosted prices. The gas price at the Dutch TTF hub, the benchmark gas price for Europe, soared 10% to a new record high of 165 euros per megawatt-hour after gas entering Germany […]
Read MoreSometimes there are forces that affect a sector or industry in such a way that it creates a storyline that extends into not merely weeks, or months, but years. These can be positive or negative, but one of the things that I find interesting as an analyst is to look for those threads and try […]
Read MoreAs Europe enters the heating season with natural gas inventories at the lowest level in a decade, policymakers, consumers, and industries are left at the mercy of the weather, hoping for a mild winter to avoid further tightening of the already tight European gas market. Following the colder than usual 2020/2021 winter, Europe has been […]
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