Natural gas prices soar to a decade high. Are we going to see higher utility bills? The world’s second-largest sugar exporter is curbing exports. Will it impact the United States? A second shipment of baby formula has arrived in the United States, while the head of the FDA finds himself in the hot seat over why…
Natural Gas Tops $9, Highest Since 2008; Will India Sugar Export Limits Impact US? | NTD Business
Shanghai’s Economy Plunged 61.5 Percent in April, Lockdown Caused Lack of Confidence in Industries: Expert
May 21, 2022
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Shanghai’s economy was hit hard in April by the nearly two-month lockdown. The latest data published by authorities shows that in April, the total industrial output in Shanghai dropped by 61.5 percent compared to the same time last year. An expert pointed out that the Chinese communist regime’s extreme lockdown of Shanghai under its “Zero-COVID”…
Russia Shuts Off Gas Exports to Finland
May 21, 2022
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Russia has cut off gas exports to neighboring Finland on Saturday after the Nordic country refused to pay Russian gas supplies in roubles. The move also comes at the same time as Finland is applying to join the North Atlantic Treaty Organization (NATO). On Friday, the Russian state-owned energy company Gazprom gave notice to its Finnish equivalent…
US Should Divert Fuel to Europe: Senate Foreign Relations Committee Chair
During the Senate Foreign Relations Committee’s May 12 deliberations on aiding Ukraine, Sen. Bob Menendez (D-N.J.) said the United States should divert fuel to Europe to assist with energy disruptions there. Menendez’s statements came in the wake of significant disruptions in Europe’s energy market. The Russian energy giant Gazprom’s cutting off gas supplies to Poland and Bulgaria in…
Natural Gas Prices In Europe Rise After Ukraine Cuts Russian Pipeline Supply
May 12, 2022
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Natural gas prices in Europe jumped after Ukraine’s state-owned pipelined operator cut the flow of Russian gas at the Sokhranivka entry point on the border between the Luhansk region of Donbas on May 11. Ukraine’s Gas TSO announced the previous day, that due to the lack of physical control of its pipeline in Russian-controlled areas…
Natural Gas Prices Reach Highest Levels in Nearly 14 Years
U.S. natural gas prices in early morning trading on May 3 surged to their highest levels since September 2008, as faltering domestic gas production and the Russian invasion of Ukraine continue to disrupt global energy markets. Natural gas prices have jumped more than 8 percent over the last two sessions, following a nearly 30 percent…
Capitol Report (April 27): Russia Cuts Off Natural Gas to Two NATO Countries
April 27, 2022
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Hours before testifying before Congress, Homeland Security Secretary Alejandro Mayorkas released his latest plan for handling the border crisis. We’ll take a look at the details, along with how he responded to pressing questions from Congress. On Wednesday, Russia released a former U.S. Marine as part of a prisoner exchange. His family said their prayers…
Natural Gas Eyes $8 As Prices Surge to Highest Levels Since 2008
April 18, 2022
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Natural gas futures are trading at their highest levels in more than 13 years, with the May contract flirting with $8 per million British thermal units (Btu). The energy commodity has been rallying on market tightness, driven by lower-than-normal temperatures in the United States and Europe and strong export demand amid Russia’s invasion of Ukraine….
US Natural Gas Prices Highest Since 2008
U.S. natural gas prices have reached levels not seen in a decade and a half, with the U.S. benchmark Henry Hub natural gas price edging close to $8 per million British Thermal Units (BTUs) on Monday afternoon. The last major Henry Hub price spikes in 2008 and 2006 were due in part to hurricane activity…
Slovakia Economy Minister Says Country Willing to Pay for Russian Gas in Rubles
Slovakia cannot stop buying natural gas from Russia and is willing to pay in rubles as demanded by Moscow, said the central European country’s top economy official. The statement comes days after Russian President Vladimir Putin ordered ruble payments for natural gas purchases by companies registered in “unfriendly” countries. Slovakia, which imports approximately 87 percent…
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