Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned prices ahead of an impending European Union embargo on Russian oil. This week, we saw crude oil prices jump by almost around 10% from Monday’s low in both international as well as … Read more
Countries scrambling to replace Russian oil, gas and coal supplies with any available alternative may fuel the world’s “mutually assured destruction” through climate change, the head of the United Nations warned Monday. U.N. Secretary-General Antonio Guterres said the ‘all-of-the-above’ strategy now being pursued by major economies to end fossil fuel imports from Russia because of … Read more
European and UK gas prices surged on Wednesday by more than 25 percent, energised by soaring demand before the northern hemisphere winter. Europe‘s reference Dutch TTF gas price jumped to 145.19 euros per megawatt hour and UK prices soared to 347.27 pence per therm. The two markets had already rocketed in earlier deals to record … Read more
What you’ll find on this page Top 10 states for the cheapest natural gas Top 10 states for the most expensive residential natural gas December Natural Gas Rate Report The natural gas story Top 10 states where residential natural gas rates decreased by the greatest percentage Where is natural gas the cheapest for industrial users? … Read more
Output at Libya’s Sharara oil field, seen here in 2014, has been shut almost continuously since early January. Photo: ismail zetouni/Reuters Oct. 11, 2020 10:50 am ET Production at Libya’s largest oil field restarted Sunday afternoon, Libyan officials said, a move that could quickly increase the country’s overall output after an extended shutdown and add … Read more
By Prathamesh Mallya In September, natural gas prices on the NYMEX and MCX have declined by approximately 29 per cent. The fall in natural gas prices has a lot to do with the demand and supply which is a very intrinsic factor which decides the price trajectory of the commodity. Moreover, the fall in the … Read more
Venezuela’s oil industry—rich in reserves, a crucial Allied resource in World War II, a founding member of OPEC—is grinding toward a halt. Venezuela has greater oil stores than any other country. But after years of corruption, mismanagement and more recently U.S. sanctions, its oil output has dropped to a tenth of what it was two … Read more