Russia’s Gazprom has cut off gas supplies to Dutch gas trader GasTerra after it had failed to comply with requirements to pay for deliveries in Russian rubles. GasTerra said in a statement on May 30 that it has “decided not to comply with Gazprom’s one-sided payment requirements.” Russian President Vladimir Putin issues a decree in March stating that from…
Russia’s Gazprom Halts Gas Deliveries to Dutch Trader GasTerra, Effective Immediately
May 31, 2022
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5 Killed, 2 Injured in Pennsylvania Explosion
Five people were killed and two injured after an explosion on Thursday in Pottstown, Pennsylvania. The fire department, EMS, and police were dispatched to the area of Hale Street and Butler Avenue at 8:07 p.m. local time for a house explosion. The authorities found a house had exploded with multiple victims needing medical care when…
Gas Station: Inflation Nation!
Gas prices have risen sharply, with the new national average at $4.56. President Joe Biden has blamed everything from Russia to “transitioning” off of fossil fuels—but never blaming himself or his administration and policies. With both gas and inflation rising, I examine what is really going on, and whether this was an avoidable problem. Follow…
Europe, Asia Gas Buyers Switching to Long-Term Supplies to Beat Volatile Prices
May 25, 2022
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DAEGU, South Korea—Natural gas buyers in Asia and Europe are seeking to lock in supplies via long-term contracts as a buffer against volatile global prices, industry executives said, in moves that will reverse the last decade’s trend of increasing spot purchases. Fears of disruptions in Russian gas to Europe and low inventories led the continent…
Biden: Rising Gas Prices an ‘Incredible Transition’
President Joe Biden appeared to try to put a positive spin on skyrocketing gas prices Monday while taking questions from reporters during his trip to Japan. When asked about the economy, inflation, and the record prices Americans continue to pay at the pump, Biden characterized the increased cost of gasoline as an “incredible transition.” “When…
Saudi’s Aramco Sees Profits Soar to $39.5 Billion in Q1 as Global Gas and Oil Prices Surge
May 16, 2022
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Saudi oil giant Aramco on May 15 posted its highest profits since its initial public offering in 2019 as global gas and oil prices continue to surge in the wake of Russia’s invasion of Ukraine. The world’s largest oil exporter disclosed in its first-quarter 2022 results that it has made $39.5 billion in earnings in the first quarter…
Gas Prices Continue to Soar for Weekend Drivers, Experts Predict No Immediate Relief
National gas prices continued their staggering rise this weekend, with drivers in Vancouver told to brace for as much as $2.34 per litre at the pumps. Figures on the fuel tracker GasBuddy showed the national average price of regular gas reached $1.95 per litre on Saturday afternoon, with provincial averages reaching $2.15 in Newfoundland and…
Gas Prices Reach Record-High as Biden Touts Inflation Plan; AG Urges Prosecution of Pro-Abortion Protestors | NTD Evening News
President Joe Biden touted his plan to tackle inflation as the average price of gas has reached a record-breaking high—topping the last record set in early March. On May 10, the White House encouraged abortion supporters to protest peacefully at the homes of Supreme Court Justices. Meanwhile, the Virginia attorney general has called on local…
Gas Could Rise by Five Cents This Week and Five Cents the Week After, Analyst Says
A leading energy price expert says gas prices could go up another five cents across Canada if Russia decides to intensify its assault on Ukraine or declare all-out war come Monday. Dan McTeague, president of Canadians for Affordable Energy, says May 9 marks Victory Day in Russia and could prove pivotal when it comes to…
Report: Germany Top Buyer of Russian Energy Since War Began
BERLIN—Germany was the biggest buyer of Russian energy during the first two months of the war in Ukraine, an independent research group said Thursday. A study published by the Centre for Research on Energy and Clean Air calculates that Russia has earned 63 billion euros ($66.5 billion) from fossil fuel exports since Feb. 24, the…
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