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Drivers could see gas prices surge to nearly $7 a gallon in some US states as refinery issues bite supply and Chinese demand bounces back, GasBuddy says
Drivers could see gas prices surge to nearly $7 a gallon in some US states as refinery issues bite supply and Chinese demand bounces back, GasBuddy says Gas prices could top $4 a gallon in most major US states next year, GasBuddy says. (Photo by Steve Pfost/Newsday RM via Getty Images) Gas prices could surge toward […]
Inflation and soaring gas prices have forced a North Carolina logging company to shut down after 37 years in business
Inflation and soaring gas prices have forced a North Carolina logging company to shut down after 37 years in business As of Monday, gasoline cost $4.491 per gallon, per the US Energy Information Administration.Johner Images/Getty Images A logging business in North Carolina is shutting down over accelerating inflation and soaring gas prices. “I haven’t talked to a logger in the […]
US Gas Prices Soar As Europe And Asia Scramble For LNG
US Gas Prices Soar As Europe And Asia Scramble For LNG U.S. gas prices have surged to the highest level in real terms since the financial crisis in 2008 as strong demand for LNG from buyers in Europe and Asia puts pressure on inventories. Front-month futures for gas delivered to Henry Hub in Louisiana are […]
The gas price crisis – in a hole, stop digging, here’s how to climb out…
The gas price crisis – in a hole, stop digging, here’s how to climb out… Does it seem odd that in a gas price crisis, there are people arguing we should dig ourselves deeper into the grip of that particular fuel? We’ve been here before – and it never ends well. A poorly regulated banking […]
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 […]
European Gas Prices Hit Record High As Germany Blocks Nord Stream 2
European Gas Prices Hit Record High As Germany Blocks Nord Stream 2 European gas futures surged to a record high on Tuesday after Germany blocked Russia’s Nord Stream 2 pipeline from launch because it did not comply with European law. German foreign minister Annalena Baerbock said all three parties that make up the new government […]
EU Gas Prices Soar On NS2 Delays, Sudden Belarus Pipeline Closure
EU Gas Prices Soar On NS2 Delays, Sudden Belarus Pipeline Closure European natural gas prices continue to soar after Nord Stream 2 pipeline delays were seen earlier this week, and now a major crude pipeline from Russia into Europe has temporarily halted flows due to “unscheduled repairs.” The newest market generated information pushing up European natgas prices […]
Global Food Prices Set To Soar As The Oil And Gas Crunch Continues
Global Food Prices Set To Soar As The Oil And Gas Crunch Continues Oil and gas prices have risen dramatically this year as a result of underinvestment and recovering demand. Higher fuel prices are weighing on global food supply chains, with transportation and farming costs continuing to climb. The hardest hit will, once again, be […]
After Rapid-Fire “Blame Putin” Headlines, European Commission Quietly Affirms Russia Is Not Manipulating Gas Market
After Rapid-Fire “Blame Putin” Headlines, European Commission Quietly Affirms Russia Is Not Manipulating Gas Market Putin earlier this week batted down as “utter nonsense” widespread accusations among Western media pundits that Europe’s energy crisis is due to the Kremlin using gas as a ‘geopolitical weapon’. It now appears the European Commission is quietly agreeing with him. This as […]
British industry warns of factory closures without help on fuel costs
British industry warns of factory closures without help on fuel costs Stainless steel tubes are stored ready to be made into exhausts at the Eminox factory, during a post-Budget visit by Britain’s Chancellor of the Exchequer Philip Hammond, in Gainsborough, Britain October 30, 2018. Christopher Furlong/Pool via REUTERS LONDON, Oct 9 (Reuters) – Britain’s most […]
Europe’s Gas Prices Surge To Avert Risk Of Winter Shortage
Europe’s Gas Prices Surge To Avert Risk Of Winter Shortage Europe’s gas and electricity prices are setting record highs on a daily basis and rising at an accelerating rate as the market tries to destroy enough demand to protect depleted inventories ahead of the winter. Gas storage sites in the European Union and United Kingdom are currently just under […]
Fresh Legal Fight Erupts Over Nord Stream 2 As Europe Energy Costs Soar Ahead Of Frigid Winter
Fresh Legal Fight Erupts Over Nord Stream 2 As Europe Energy Costs Soar Ahead Of Frigid Winter Just ahead of Monday’s announcement that the North Stream 2 Russia to Germany natural gas pipeline has begun filling with gas in the first line while awaiting approval from Germany regulators before it goes fully online and the taps are turned […]
The Looming Energy Crisis: People Are Going To Die This Winter
The Looming Energy Crisis: People Are Going To Die This Winter For many months myself and many of the investors I work with have become increasingly concerned at the growing instability and insecurity of energy markets. The 4 times spike in Gas prices this year has been a shocking wake-up call, highlighting energy insecurity in […]
Global gas wars: the fun has just begun!
Global gas wars: the fun has just begun! Spot price for natural gas in Europe has just breached the psychologically important level of $1000 per thousand cubic meters, or a buck a cube. This has already had some significant results all across Europe. In the UK, fertilizer plants can’t operate at such prices and have shut […]
