Worries about gas and oil supplies have greatly eased. But reverberations from the war in Ukraine continue to cloud longer-term forecasts.
Category: Natural Gas
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European Natural Gas Price Falls to Lowest Level Since 2021
Europe may have avoided the worst-case economic scenario envisioned after the invasion of Ukraine, thanks to a dramatic drop in energy prices.
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BP, in a Reversal, Says It Will Produce More Oil and Gas
The company said global concerns about energy security prompted the change, as it reported record profits for 2022.
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Shell’s Profit Soared to $42 Billion in 2022
The record haul, pushed by high energy prices and a hunger for liquefied natural gas, came as a new chief signaled a more “balanced approach” to renewable energy.
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Oil Giants, After Surge in Profits, Are Wary About Spending
Economic and military uncertainty clouds the outlook for Exxon, Chevron and other energy companies, whose bonanza from high prices is already fading.
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China’s Oil and Gas Use Fell in 2022 for First Time in Decades
Pandemic lockdowns curbed Chinese energy demand, but the International Energy Agency expects a rebound this year.
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Natural Gas Shortages Hit China as Temperatures Plunge
Local governments starved for cash after enormous spending on costly “zero Covid” measures cannot afford to keep up adequate supplies of gas.
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Why Are Energy Prices So High? Some Experts Blame Deregulation.
California and the 34 other states that have deregulated all or parts of their electricity system tend to have higher rates than the rest of the country.
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Natural Gas Prices in Europe Fall to Pre-Invasion Levels
Warm weather, alternatives to Russian gas and a buildup of storage all help. But prices remain high for consumers and industry.
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Investigating the Nord Stream Pipeline Sabotage
As investigators piece together clues, Russia has quietly taken steps to begin expensive repairs on the giant gas pipeline, complicating theories about who was behind September’s sabotage.
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Germany’s Energy Crisis Is a Cue to Chop Wood and Stock Up
The high cost of natural gas and electricity is prompting many to prepare for outages and shortages. For some, it’s been a way of life for years.
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Turkey Is Strengthening Its Energy Ties With Russia
As Moscow seeks new customers for oil, gas and coal, Ankara is a willing buyer as it promotes plans as a regional trading hub.