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Colder Weather Might Return To Northwest Europe Next Week
Colder Weather Might Return To Northwest Europe Next Week European natural gas prices have plunged to pre-Ukraine invasion levels on mild winter. Heating demand across the EU has declined, allowing fuel storage tanks to continue injections and remain above seasonal levels. This bodes well for the energy-stricken continent, but new weather forecasts suggest a late-month […]
Global NatGas Prices Sink As Warm Weather Spreads
Global NatGas Prices Sink As Warm Weather Spreads US and European natural gas prices are sliding as warmer weather reduces demand for the heating fuel, and storage levels remain high. Risks of a global energy crisis are diminishing for now — well — that’s until the next cold blast strikes. The polar vortex that sent […]
Gas Levy Could Triple Household Heating Bills In Germany
Gas Levy Could Triple Household Heating Bills In Germany Germany plans to introduce a levy for all its gas consumers beginning in October as the government looks to avoid a wave of collapsing gas-importing and gas-trading companies amid record-high natural gas prices, a new bill seen by Reuters showed on Thursday. Russia is further reducing flows via […]
European LNG Imports Hit Two-Year High As US Flotilla Delivers Much-Needed Supplies
European LNG Imports Hit Two-Year High As US Flotilla Delivers Much-Needed Supplies A flotilla of liquefied natural gas (LNG) from the US has finally arrived in Europe, increasing LNG imports on the fuel-starved continent to a two-year high. The fresh injection of natural gas is helping to offset declining Russian shipments. Prices of European natural […]
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 […]
Germany “Imperils” Power Grid By Pulling Plug On 3 Nuclear Plants
Germany “Imperils” Power Grid By Pulling Plug On 3 Nuclear Plants As nat gas prices surge in Europe, Germany is kicking off the new year by moving ahead with plans to shutter three of its six remaining nuclear power plants, making good on a commitment made in the aftermath of Japan’s disastrous meltdown at the […]
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 […]
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 […]
The European Energy Crisis Is About To Go Global
The European Energy Crisis Is About To Go Global It was only a matter of time, really. In a globalized world, energy crunches can hardly remain regionally contained for very long, especially in a context of damaged supply chains and a rush to cut investment in fossil fuels. The energy crunch that began in Europe […]
UK Tells People To Stop “Panic Buying” As “Winter Of Discontent” Fears Emerge
UK Tells People To Stop “Panic Buying” As “Winter Of Discontent” Fears Emerge UK politicians are in utter panic as similarities to the 1970s-style “winter of discontent” of shortages and socio-economic distress could rear its ugly head in the coming months, according to Reuters. A significant driver in what could very well be a hellacious winter […]
Winter Blast To Dump Heavy Snow Across Rockies, Plains, Midwest This Week
Winter Blast To Dump Heavy Snow Across Rockies, Plains, Midwest This Week Several major snowstorms are expected to dump heavy snow across the Rockies, the Plains, and into the Midwest this week as cold Arctic air blankets those regions in the last days of October. The potential for cold into November? It’s complicated. In today’s […]
Europe’s Natural Gas Prices Surge To Record For Summer Season
Europe’s Natural Gas Prices Surge To Record For Summer Season Europe’s natural gas market is the most bullish it has been in years, as higher-than-expected summer demand and a tighter market drive natural gas price futures to levels last seen during this past winter’s supply crunch and to the highest for a summer season. Natural […]
UK Gas Crisis: Out Of The Frying Pan Into The Fire
UK Gas Crisis: Out Of The Frying Pan Into The Fire For the ministers and officials assembled, it was an embarrassment all around. Late last week, as we were at the annual Windsor Energy Consultation (WEC) just outside London, British Gas Plc confirmed that the nation was facing a natural gas shortage as freezing temperatures grip the country. […]
