LONDON—Global gas markets are expected to remain tight next year as Russian pipeline gas supplies dwindle and gas demand falls in Europe in response to energy saving measures and high prices, the International Energy Agency (IEA) said on Monday. Natural gas markets worldwide have been tightening since 2021 and global gas consumption is expected to…
Global Gas Markets to Remain Tight Next Year Amid Supply Squeeze: IEA
Russia Suspends Gas Flow to Italy After ‘Regulatory Changes’ in Austria
Russia’s state-controlled Gazprom held up gas supplies to Italy last weekend, citing a transportation issue in Austria, according to Eni, Italy’s largest energy firm. The halt in gas supplies was the result of regulatory changes in Austria that took place at the end of September, Gazprom said in a statement on Telegram, adding that it is…
Have the Markets Found a Bottom?
October 1, 2022
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While the fourth quarter has only just begun, the end of the year can’t come fast enough for Wall Street. The year 2022 has been disastrous for investors. The Dow Jones Industrial Average is down 22 percent, the S&P500 has fallen 25 percent, and the NASDAQ Composite has dropped a whopping 33 percent for the…
Gas Starts Flowing to Poland Via New Baltic Pipe From Norway
WARSAW—Natural gas started flowing to Poland through the new Baltic Pipe pipeline from Norway via the Baltic Sea on the morning of Oct. 1, Polish gas pipeline operator Gaz-System said. “Promises made over six years ago have been kept,” Gaz-System said, according to a translation of its Oct. 1 statement. Gas started flowing at 6:10…
Gas Prices up by as Much as Almost 20 Cents in Some Canadian Cities
Gas prices jumped overnight in some cities across Canada by as much as almost 20 cents. According to the CAA’s gas price tracker, the price of gas is up nationally by just over three cents on average at 158 cents per litre, with some provinces seeing higher jumps than others. In Alberta, prices are up…
European Gas Prices Jump After Gazprom Threatens Ukraine Transit, Damage to Nord Stream Pipelines
Natural gas prices jumped in Europe on Tuesday following ruptures to the Nord Stream 1 and 2 gas pipelines under the Baltic Sea and Russia’s warning that it may impose sanctions on the Ukrainian company Naftogaz. Officials from both the West and Russia are investigating the ruptures to the crucial pipelines that occurred on Sept. 26, and have…
Gas Crisis Lands LNG Cargo Market in Hands of Energy Giants
LONDON/SINGAPORE—Rocketing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international energy majors and top global trading houses. This grip is not expected to ease until 2026 when more liquefied natural gas (LNG) starts to materialize and lower prices, adding to supply worries for…
FBI Responds to Raid on Pro-Life Activist; Gas Prices Rise for 7th Consecutive Day | NTD News Today
Gas prices rising for the past week, and they could go up even more — while a top business professor says the Federal Reserve owes Americans an apology. The F-B-I reportedly sent a SWAT team to raid the home of a pro-life activist. Now the agency is responding — defending the actions they took. A win…
‘Do It Now!’: Biden Demands Gas Stations Drop Prices as They Rise for Seventh Consecutive Day
President Joe Biden on Monday demanded that gas stations, banks, and cell phone services drop their prices to help consumers amid soaring inflation. Biden made the demand during a White House meeting on Sept. 26 in which he said that family budgets are being weighed down by unnecessary hidden fees or “junk fees,” including things like bank overdraft fees…
Denmark Reports Leak in Gas Pipeline in Baltic Sea
BERLIN—Denmark’s maritime authority said Monday that a gas leak had been observed in a pipeline leading from Russia to Europe underneath the Baltic Sea and that there is a danger to ship traffic. The operator of Nord Stream 2 confirmed that a leak in the pipeline had been detected southeast of the Danish island Bornholm…
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