Against the backdrop of generally mild weather in the Lower 48, winter unleashed its fury on the West Coast earlier this season. Freezing temperatures and unusually heavy rainfall have fueled demand for natural gas at a time when storage inventories are low, a the drought has reduced hydroelectric power supplies, and regional utilities are struggling …
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After falling 30.5 cents mid-week, natural gas futures continued to slide on Thursday as traders failed to maintain initial momentum following the latest government inventory data. With midday weather patterns adding further decline to the supply/demand balance, the January contract settled at $6.738/MMBtu, down 19.2 cents day/day. February futures slid 18.7 cents to $6.631. In …
Recessions in Europe and North Americaunresolved conflicts and energy security issues will pose a lingering economic and geopolitical risk next year NEW YORK, November 22, 2022 /PRNewswire/ — The COVID-19 pandemic and the Russia–Ukraine war has profoundly reshaped global structures and relationships in 2022, and will continue to generate additional uncertainty in the year ahead, …
