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UK Power Suppliers Halt Adding New Customers As Energy Crisis Worsens
UK Power Suppliers Halt Adding New Customers As Energy Crisis Worsens There’s a growing risk that a bankruptcy wave of power providers is nearing as several small firms stopped accepting new customers Tuesday amid a worsening energy crisis, according to Bloomberg. Ampower, Green, Igloo, NEO, and Utilita Energy posted notices on their websites earlier today that […]
It’s all connected: The natural gas market and its casualties
It’s all connected: The natural gas market and its casualties Natural gas was supposed to be the so-called bridge fuel to the low-carbon renewable energy economy. It was abundant, cleaner to burn than oil and coal, and more and more available to anyone who wanted it as a global market in liquefied natural gas (LNG) […]
Natural Gas Price Plunge Could Soon Lead To Shut-Ins
Natural Gas Price Plunge Could Soon Lead To Shut-Ins Natural gas prices plunged to new lows this week, falling below $1.50/MMBtu, a catastrophically low price for U.S. gas drillers. The factors afflicting the gas market are multiple. Prices had already fallen below $2/MMBtu at the start of 2020, weighed down by oversupply. But it wasn’t a […]
WTF Just Happened with Natural Gas?
WTF Just Happened with Natural Gas? If you blinked, you missed it. The price of natural gas for December delivery plunged 19% on Thursday, the biggest percentage plunge since February 2003. This comes after futures prices had skyrocketed 20% on Wednesday to $4.931 per million Btu intraday, before settling at $4.837, the highest settlement price […]
Natural Gas Skyrockets As China Pledges Huge Supply Boost
Natural Gas Skyrockets As China Pledges Huge Supply Boost With an eye on last winter’s natural gas supply debacle, Chinese state-owned energy giant CNOOC has pledged a 20 percent rise in gas supply, the company said on Tuesday. The company, one of three state-run oil majors, said that it will supply 24.6 billion cubic meters […]
Nat Gas Prices Spike On Cold Weather
Nat Gas Prices Spike On Cold Weather Natural gas prices are sharply up as cold weather is set to sweep much of the country, putting a strain on already low storage levels. We are heading into the winter season with natural gas inventories at their lowest level in 15 years. Natural gas inventories stood at […]
Are Natural Gas Prices Set To Spike?
Are Natural Gas Prices Set To Spike? Natural gas storage is at record low levels but prices are falling going into winter heating season. Markets seem to be betting that wellhead supply will be sufficient to cover demand this winter. That may be but at what gas prices? This is a game of natural gas […]
And You Thought Bitcoin Was Volatile…
And You Thought Bitcoin Was Volatile… If you are one of those people living in the Northeast who likes to keep their home temperature above freezing and waking up without frostbite, we have some bad news… Another sudden bout of cold weather and LNG prices are soaring more than the seasonal norm. Your heating bill […]
