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The Energy Crisis is Here – What’s Coming Next?
The Energy Crisis is Here – What’s Coming Next? “Europe’s Energy Crunch Sparks Panic in Asia and Dash to Buy Fuel” Bloomberg, September 16, 2021 “Europe’s Energy Crisis Is Coming for the Rest of the World, Too” Bloomberg, September 27, 2021 “European Energy Prices Surge to Records as Supply Crisis Spreads” Bloomberg, September 28, 2021 […]
Gas Prices In Europe Are Soaring Again Amid New Cold Snap
Gas Prices In Europe Are Soaring Again Amid New Cold Snap European benchmark natural gas prices rose on Wednesday for the third day in a row, as gas deliveries from Russia via Ukraine and Poland continue to be low while another cold snap is headed to Europe. On Wednesday, natural gas prices at the Dutch […]
Pakistan Textile Exports Hit by Gas Crunch, Industry Body Says
Pakistan Textile Exports Hit by Gas Crunch, Industry Body Says $250 million of textile exports were lost in Dec., group says Energy minister rejects claims low gas supplies are to blame Pakistan’s natural gas shortage is hurting its crucial textile exports, according to an industry trade organization, putting even more stress on the nation’s struggling […]
Deja Vu? Texas NatGas Output Plunges Amid Cold Snap
Deja Vu? Texas NatGas Output Plunges Amid Cold Snap U.S. natural gas futures rose late in the session on new data that showed a plunge in pipeline gas flows in Texas, which indicates the state’s power grid could be susceptible to failures amid a cold snap. Front-month gas futures are up more than 3% to […]
New England is an Energy Crisis Waiting to Happen
New England is an Energy Crisis Waiting to Happen “A lot of people like snow. I find it to be an unnecessary freezing of water.” – Carl Reiner At its core, the human body is a symphony of chemical reactions. The complexities and interdependencies of the molecular machinery that makes our bodies function are almost too […]
European Firms Warn “Unbearably High Energy Costs” May Spark Wave Of Production Shutdowns
European Firms Warn “Unbearably High Energy Costs” May Spark Wave Of Production Shutdowns Years of mindless green energy policies across the European continent are about to unleash an economic crisis. Energy-intensive companies are paying “unbearably high energy prices” that may force them to shutter operations. Eleven European associations (from steel to fertilizers to cement to paper mills) […]
UK Natural Gas Prices Hit New High, Trigger “Marketwide Crisis”
UK Natural Gas Prices Hit New High, Trigger “Marketwide Crisis” Update (1120ET): The latest jump in U.K. natural gas prices has been called a “national crisis” by multiple energy firms and industry groups in the country. They’re requesting the government protect customers and suppliers as critical Russian gas flows into Europe plunge, nuclear outages in France, and cold […]
Russia Reluctant To Boost Gas Flows As Cold Snap Hits Europe
Russia Reluctant To Boost Gas Flows As Cold Snap Hits Europe Natural gas exports from Russia via the Yamal-Europe pipeline will remain limited at the start of this week as true winter begins and Russia keeps more gas for domestic consumption, with maximum temperatures in Moscow dipping below zero. Bloomberg reports that after booking limited transit space […]
European Nuke Plants Offline As Power Prices Hit Record
European Nuke Plants Offline As Power Prices Hit Record Bloomberg’s Chief Energy Correspondent Javier Blas tweeted a disturbing map of European day-ahead electricity prices that will hit record highs on Monday. “EUROPEAN ENERGY CRISIS: Wow, wow, wow… I’m running out of words to describe the European short-term electricity market,” Blas said. He continued, “Multiple records breached for Monday. With […]
Entice and Orbit become latest energy firms to go bust
Entice and Orbit become latest energy firms to go bust IMAGE SOURCE,GETTY IMAGES Two more energy suppliers have gone bust amid the surge in gas prices, the regulator Ofgem has said. Entice Energy and Orbit Energy, which have about 5,400 and 65,000 customers respectively, ceased trading on Wednesday. The two firms are the latest companies […]
German Cold Blast To Extend Into January Amid Energy Crisis
German Cold Blast To Extend Into January Amid Energy Crisis A combination of factors creates a perfect storm of turbulence for many Europeans paying some of the highest energy prices ever. Natural gas stockpiles remain at low levels as gas flows from Europe are depressed. The continuation of cold weather and an energy crunch is […]
Russia Puts The Blame On Europe As Energy Crisis Worsens
Russia Puts The Blame On Europe As Energy Crisis Worsens The EU is reconsidering its position on extending long-term natural gas contracts. Russia has maintained that the contracts are beneficial for Europe and moving away from them would be a mistake. Russia even went as far as suggesting that Europe’s current energy crisis is its […]
Biden’s New “Regressive” Methane Tax Will Raise Average American’s Gas Bill By 17%: Op-Ed
Biden’s New “Regressive” Methane Tax Will Raise Average American’s Gas Bill By 17%: Op-Ed At a time when the Biden administration is panicking in an attempt to keep energy prices down, the House has slapped a “fee” on methane that is being called a “stealth tax” on natural gas and everyone who uses it. The […]
The Geopolitical Game That Could Transform Gas Markets
The Geopolitical Game That Could Transform Gas Markets An apparent detente between the UAE and Turkey could be one of the most significant geopolitical developments in the region for decades If Mohammed bin Zayed can succeed in exploiting Turkey’s economic crisis, the East Mediterranean natural gas fields could finally be exploited and sent to market […]
EU Official Warns Of ‘Rolling Blackouts’ As Energy Crisis Worsens
EU Official Warns Of ‘Rolling Blackouts’ As Energy Crisis Worsens Europe’s energy crisis is about to get a whole lot worse as the Northern Hemisphere winter is just weeks away. New risks are emerging across the continent that households and companies might have to scale back on power use or even plan for rolling blackouts. […]
