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Coast-To-Coast Winter Storm Sends US NatGas Surging
Coast-To-Coast Winter Storm Sends US NatGas Surging In what’s forecasted to be the first coast-to-coast major winter storm of the season across the Lower 48, traders have furiously panic bid US natural gas futures due to the prospects of increased heating demand. On Sunday, wintery precipitation, powerful winds, and heavy rains battered Intermountain West as a powerful […]
BASF Prepares To Slash Ammonia Production In Germany Amid Worsening NatGas Crunch
BASF Prepares To Slash Ammonia Production In Germany Amid Worsening NatGas Crunch German chemicals company BASF SE paid an extra 800 million euros ($809.5 million) to keep its plants operating in the second quarter compared with a year earlier amid skyrocketing natural gas prices. The impact of high energy prices has forced the company to […]
EU Natural Gas Prices Soar As Gazprom Readies Nord Stream Cuts, US NatGas Hits 14-Year High
EU Natural Gas Prices Soar As Gazprom Readies Nord Stream Cuts, US NatGas Hits 14-Year High European natural gas futures extended gains by 12% after Russian state-owned energy producer Gazprom PJSC unexpectedly announced it would halt a Nord Stream 1 turbine at its Portovaya compressor station from Wednesday. Simultaneously, US NatGas futures have spiked to 14-year highs. […]
‘Rogue Wave’ 2.0: US NatGas Futures Explode Higher Into Chaotic Expiration
‘Rogue Wave’ 2.0: US NatGas Futures Explode Higher Into Chaotic Expiration February U.S. natural gas futures violently surged Thursday in what appears to be a delivery squeeze into expiration. Bloomberg’s Javier Blas had some early insight that something was amiss… Around 1400 ET, natgas contracts for February jumped as much as 72% in minutes, the […]
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 […]
This economy is going down
This economy is going down UK gas prices have fallen back this week – although they are still some 400 percent higher than at the start of 2021. And the reasons for the fall in price should not breed complacency. First, the arrival of a south-westerly airflow off the Atlantic has finally begun to spin […]
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 […]
“Potential Polar Vortex Event” Could Spark Bullish Reversal In NatGas
“Potential Polar Vortex Event” Could Spark Bullish Reversal In NatGas Since mid-October, U.S. natural gas futures have been beaten down 40% as the narrative of colder weather and tight supplies quickly flipped and crushed bullish traders. As the Northern Hemisphere winter is less than two weeks away, new weather models suggest “significantly colder” temperatures could return for […]
Brits Google ‘Energy Bill Help’ As Energy Suppliers Go Bankrupt
Brits Google ‘Energy Bill Help’ As Energy Suppliers Go Bankrupt Extreme gas price volatility has led to a string of bankruptcies among British energy suppliers UK Household gas bills have risen by 28.1 percent and electricity bills 18.8 percent in the year to October Germany’s recent decision to halt approval of the Nord Stream 2 […]
European Natgas Prices Tumble As Russian Pipeline Flows Finally Increase
European Natgas Prices Tumble As Russian Pipeline Flows Finally Increase European natural gas prices plunged Wednesday after signs Russian gas flows into Europe were increasing ahead of what’s expected to be a miserable winter of tight supplies and high energy costs. Dutch natural gas futures, the European benchmark, dropped as much as 12% to € 64.14 per […]
Britain faces ‘massacre’ of 20 more bust energy suppliers, Scottish Power says
Britain faces ‘massacre’ of 20 more bust energy suppliers, Scottish Power says The sun rises behind electricity pylons near Chester, northern England October 24, 2011. REUTERS/Phil Noble/File Photo LONDON, Oct 21 (Reuters) – Britain’s energy market faces an absolute massacre that could force at least 20 suppliers into bankruptcy in the next month alone unless […]
Winter Is Coming: Russia Signals No Extra Gas For Europe Without Nord Stream 2
Winter Is Coming: Russia Signals No Extra Gas For Europe Without Nord Stream 2 The big picture was clear to anyone who bothered to keep their eyes open: back in August, when we first reported that Russian supplies of nat gas via the Yamal pipeline had collapsed and when the first stirrings of the upcoming […]
EU Politicians Panic As Natgas Prices Explode 40% Overnight
EU Politicians Panic As Natgas Prices Explode 40% Overnight Europe’s power crunch is roiling energy markets Wednesday as Dutch and U.K. natural gas futures jumped 60% in just two days, hitting record highs along with soaring power prices. Front-month Dutch natgas futures rose an astonishing 40% today to a record 162.125 euros per megawatt-hour after […]
Dominos Fall As Germany’s Largest Ammonia Producer Slashes Output Amid Energy Crisis
Dominos Fall As Germany’s Largest Ammonia Producer Slashes Output Amid Energy Crisis A natural gas shortage across Europe has created supply-chain shocks, as seen in the food industry, where problems continue to worsen. European natgas prices are at insane levels, triggering a domino effect of output reduction or closures of fertilizer plants on the continent. […]
World’s Largest Commodity Traders Face Massive Margin Calls As Global NatGas Arb Explodes
World’s Largest Commodity Traders Face Massive Margin Calls As Global NatGas Arb Explodes Just one week ago, we highlighted the first victim of the latest “rogue wave” in global natural gas markets. As Miami-based Statar Capital gave up its “hefty gains” from earlier in the year, tumbling into the red amid the NatGas market turbulence, we warned that it […]
