US natural gas working stocks rose by just 18 Bcf during the week ended Aug. 12, well below market expectations, but the build was insufficient to keep the momentum going for US gas futures. Storage […]
“The energy transition is not happening,” he said in Denver. “This drumbeat is crazy.” Wright, speaking at the LDC Gas Forum Rockies & West, said demand for fossil fuels is robust and poised to remain elevated for […]
BERLIN, Aug 16 – Germany’s gas consumption fell significantly in the first half of 2022, even when differences in weather were taken into consideration, said power industry association BDEW on Tuesday. Germans consumed nearly 15% […]
Rocketing prices for natural gas in Europe are prompting companies to switch from gas to oil for power generation, spurring demand for crude this year and into the next, the International Energy Agency said. In […]
Germany’s gas storage facilities have reached a fill level of 75%, two weeks ahead of schedule, the country’s top regulator said, as Europe’s biggest economy tries to shore up supplies cut by Russia. “The first […]
Russian gas giant Gazprom PJSC has started providing Hungary with additional volumes requested by Prime Minister Viktor Orban’s government to address winter energy supply concerns, according to a Foreign Ministry official in Budapest. Effective Friday, Gazprom stepped […]
Boosting domestic consumption and diversifying exports underpin Moscow’s new energy strategy as the EU seeks to phase out Russian gas imports by 2027. Both will require major investments, and domestic sales will bring lower returns […]
Crude oil futures were mostly steady in mid-morning Asian trade Aug. 11, as prices took a breather after a roller coaster overnight session on a barrage of headlines including a mixed US inventory report and […]
LONDON, Aug 10 (Reuters) – Top U.S. gas exporter, Freeport LNG, has retracted the force majeure it initially declared after an explosion in June, a development that could cost its buyers billions of dollars in […]
A forecast break from very hot weather in the US Northeast and Midwest is expected to ease power-sector demand for natural gas through at least Aug. 13, loosening recent supply-demand tightness and weakening spot gas […]
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