Sharp rise in European gas prices, partly due to warm weather
1 year, 6 months ago

Sharp rise in European gas prices, partly due to warm weather

NL Times  

European gas prices rose sharply on Friday, partly due to warm weather in much of Europe leading to higher demand for electricity, for example for air conditioners and fans. Late last month, gas prices fell to their lowest level in nearly two years. The drop was caused by mild weather, increased liquefied natural gas imports and gas stocks that were better than expected. Last year, gas prices skyrocketed due to the Russian invasion of Ukraine and sharply reduced gas supplies from Russia to Europe.

Europe Gas Prices Price Gas Prices Rose Sharply  warm  leading  rise  lng  sharp  gas  natural  rose  sharply  liquefied  price  prices  weather  partly  european

History of this topic

Oil and natural gas prices rise after weekend of turmoil in Russia
1 year, 5 months ago

Oil and natural gas prices rise after weekend of turmoil in Russia

CNN  

Hong Kong/London CNN — Oil and natural gas prices climbed Monday, while wheat prices briefly spiked higher, as investors reacted to the weekend’s brief and chaotic insurrection in Russia. “Given that the short-lived event this weekend in Russia appears to have ended, we do not expect to see such a significant increase in oil prices,” analysts at Rystad Energy wrote …

Europe needs clear-eyed view of US moves
1 year, 11 months ago

Europe needs clear-eyed view of US moves

China Daily  

A vehicle passes the building of the European Commission in Brussels, Belgium, Oct 18, 2022. The natural gas price in Europe once hit nearly €350 per megawatt-hour since the Russia-Ukraine conflict broke out. European energy ministers agreed on Dec 19 to impose a price cap if prices in the European Union's main trading centers remained above €180 per megawatt-hour for …

EU ministers fail again on gas price cap to contain costs
2 years ago

EU ministers fail again on gas price cap to contain costs

Associated Press  

BRUSSELS — European Union energy ministers failed yet again to overcome their deep differences Tuesday on a natural gas price cap that many hope would make utility bills cheaper so people can stay a little warmer during harsh winter days — if not this year, then later. One side is demanding a cap to push down gas prices for households …

When will global gas prices go down to pre-Ukraine war levels?
2 years ago

When will global gas prices go down to pre-Ukraine war levels?

Al Jazeera  

Energy analysts explain why much of the world can expect high prices for at least the next two years. “The factors that have brought gas prices down aren’t likely to continue in 2023.” The steep drop in crude prices, caused by the G7 cap on the price of Russian oil carried by Western-insured ships, isn’t expected to last either: Oil …

Investors see shift in Europe’s fortunes
2 years ago

Investors see shift in Europe’s fortunes

Live Mint  

Investors are turning somewhat more positive on Europe, spurring a recovery in the region’s beaten-down stocks. Meanwhile, benchmark U.S. yields and the dollar have declined in recent weeks, helping lift riskier assets worldwide, as investors anticipate a slowdown in the Federal Reserve’s campaign to raise interest rates. Natural-gas prices have stabilized as Europe’s gas storage has risen above 95% due …

Europe's import of Russian gas jumps 42% amid Russia-Ukraine war: Report
2 years ago

Europe's import of Russian gas jumps 42% amid Russia-Ukraine war: Report

Hindustan Times  

The European Union witnessed a 42 percent increase in the imports of Russian Liquefied Natural Gas between January-October, compared to the same period last year, Financial Times reported. The report said that EU has imported 62.1 billion cubic meters of natural gas this year compared to 17.8 billion cubic meters last year. This comes as Lithuanian Foreign Minister Gabrielius Landsbergis …

EU nations fail to close rift on gas prices as cold sets in
2 years, 1 month ago

EU nations fail to close rift on gas prices as cold sets in

Associated Press  

BRUSSELS — On winter’s doorstep, European Union nations again failed to bridge bitter disagreements over a natural gas price cap Thursday as they struggle to effectively shield 450 million citizens from massive increases in their utility bills. “The discussion was quite heated, and you all know that there are very divergent views,” said Czech Industry Minister Jozef Síkela, who chaired …

Gas crunch eases in Europe — but the respite might not last
2 years, 1 month ago

Gas crunch eases in Europe — but the respite might not last

Associated Press  

FRANKFURT, Germany — Natural gas and electricity prices in Europe have plunged from summer peaks thanks to mild weather and a monthslong scramble to fill gas storage ahead of winter and replace Russian supplies during the war in Ukraine. The good news is natural gas prices on Europe’s TTF benchmark fell on Monday below 100 euros per megawatt-hour for the …

EU response to energy crisis looms amid rising oil, gas prices
2 years, 2 months ago

EU response to energy crisis looms amid rising oil, gas prices

Al Jazeera  

Energy prices began soaring last year after the lifting of pandemic lockdowns, followed by Russia’s war in Ukraine this year. Energy prices – determined by the price of crude oil, natural gas and coal – began soaring last year as a result of COVID lockdowns being lifted, followed by Russia’s invasion of Ukraine this year. “Russia’s war on Ukraine has …

How bad could Europe’s energy crisis get this winter?
2 years, 2 months ago

How bad could Europe’s energy crisis get this winter?

Al Jazeera  

Gas prices have reached record highs in Europe, and supplies are running low, stoking fears for the coming winter. “Europe doesn’t have any supply of natural resources,” Adam Pankratz, a professor at the University of British Columbia’s Sauder School of Business, told Al Jazeera. However, the stability of the continent depends on having a relatively “normal” winter because if temperatures …

Inflation hits record 10% in 19 European Union countries
2 years, 2 months ago

Inflation hits record 10% in 19 European Union countries

The Hindu  

Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar, signaling a looming winter recession for one of the globe's major economies as higher prices undermine consumers' spending power. The European Central Bank is raising interest rates to combat inflation by keeping higher prices from being baked into …

Inflation hits record 10% in 19 EU countries using euro
2 years, 2 months ago

Inflation hits record 10% in 19 EU countries using euro

Associated Press  

FRANKFURT, Germany — Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar, signaling a looming winter recession for one of the globe’s major economies as higher prices undermine consumers’ spending power. The European Central Bank is raising interest rates to combat inflation by keeping higher prices from …

Europe braces for Russia gas disruption this week
2 years, 3 months ago

Europe braces for Russia gas disruption this week

Live Mint  

Russia will shut its key Nord Stream natural-gas pipeline Wednesday for maintenance, leaving Europe guessing again about whether supplies will restart, as temperatures fall and demand for the fuel grows. Even if Nord Stream reopens Saturday as promised by Russian gas giant Gazprom PJSC, few Western politicians and economists think Europe will receive enough Russian natural gas next year because …

US natural gas prices at 13-year high as Ukraine war creates global supply crunch
2 years, 8 months ago

US natural gas prices at 13-year high as Ukraine war creates global supply crunch

Hindustan Times  

US natural gas prices surged to the highest intraday level in over 13 years as robust demand tests drillers’ ability to expand supplies. FILE PHOTO: 3D printed Natural Gas Pipes are placed on displayed Russia's and Ukraine's flags in this illustration, Futures rose as high as $7.558 per million British thermal units, topping January’s short squeeze-fueled rally and roughly double …

Petrol price could dip below €2 per liter as oil prices fall to pre-war levels
2 years, 8 months ago

Petrol price could dip below €2 per liter as oil prices fall to pre-war levels

NL Times  

Oil prices fell further on Monday morning and are now nearly back to the pre-Russian invasion of Ukraine levels. The falling oil prices mean there is a possibility that the price for a liter of petrol could dip below 2 euros. Fuel prices have also skyrocketed along with the oil price, which is why the Netherlands and others temporarily lowered …

Explained: How the Ukraine conflict rocked commodity markets
2 years, 9 months ago

Explained: How the Ukraine conflict rocked commodity markets

The Hindu  

Just as the first Russian tanks and military vehicles rolled into the Ukrainian territory on February 24, commodity prices surged with oil breaching $100 a barrel, aluminum climbing to a record high and wheat prices soaring to a nine-year high. The surge reflected traders' worries that the war involving Russia — a key supplier of oil, natural gas, coal, aluminum …

European gas prices hit record high as Russia supply fears grow
2 years, 9 months ago

European gas prices hit record high as Russia supply fears grow

Al Jazeera  

Despite Russia’s invasion of Ukraine, gas deliveries from Russia to Europe through its various pipelines have so far remained largely unchanged. European and British gas prices soared on Wednesday, with a benchmark Dutch gas price hitting a record high as countries said European Union sanctions against Russia could target gas shipments, while some cargos of Russian liquefied gas changed course. …

Russia-Ukraine conflict raises big risks for global economy
2 years, 10 months ago

Russia-Ukraine conflict raises big risks for global economy

Associated Press  

WASHINGTON — Just what a vulnerable world economy didn’t need — a conflict that accelerates inflation, rattles markets and portends trouble for everyone from European consumers to indebted Chinese developers and families in Africa that face soaring food prices. “It’s a tricky moment now, given where the global economy is.’’ Russia’s attack could slow Europe’s economic recovery by sending already …

Gas, food and energy prices 'will be driven much higher than expected'
2 years, 10 months ago

Gas, food and energy prices 'will be driven much higher than expected'

Daily Mail  

Britons already feeling the squeeze have been warned to expect huge price hikes on everyday items due to the Russian invasion of Ukraine. A war could lead to significant disruption to ship movements around the Black Sea, which could fuel higher food inflation 'There's also the risk that we could see prices rise significantly again in October, when the cap …

Natural gas, petrol prices could jump if Russia-Ukraine conflict worsens
2 years, 10 months ago

Natural gas, petrol prices could jump if Russia-Ukraine conflict worsens

NL Times  

The escalating conflict between Russia and Ukraine pushed the prices of oil and natural gas. The suggested retail price for a liter of Euro95 could reach 2.20 euros, Paul van Selms of the organization said to RTL Nieuws. Minister Rob Jetten said on Wednesday that it is hard to predict what will happen to the gas price for Netherlands residents …

What happens to Europe’s energy supply if Russia cuts gas exports? An explainer
2 years, 10 months ago

What happens to Europe’s energy supply if Russia cuts gas exports? An explainer

LA Times  

Fears are rising over what would happen to Europe’s energy supply if Russia were to invade Ukraine and then shut off natural gas exports in retaliation for U.S. and European sanctions. U.S. national security advisor Jake Sullivan said Sunday on NBC’s “Meet the Press” that the Biden administration has coordinated with its allies and that “if Russia invades Ukraine, one …

EXPLAINER: Europe lacks natural gas. Is it Russia’s fault?
3 years, 1 month ago

EXPLAINER: Europe lacks natural gas. Is it Russia’s fault?

Associated Press  

FRANKFURT, Germany — Europe is short of natural gas — dangerously short. British Prime Minister Boris Johnson said Monday that he hoped “other European countries may recognize that a choice is shortly coming, between mainlining ever more Russian hydrocarbons in giant new pipelines and sticking up for Ukraine and championing the cause of peace and stability.” Several analysts said they …

Explained | Why natural gas prices are soaring
3 years, 2 months ago

Explained | Why natural gas prices are soaring

The Hindu  

This is supposed to be an off season. Even in the U.S., the world’s largest natural gas producer, prices rose from $1.7 per million British thermal units on March 31 to $6.3 per mBtu on October 5. If Europe’s natural gas production was about 300 billion cubic metres in 2005, it fell to less than 200 bcm in 2021, according …

A global energy crisis is coming. There’s no quick fix
3 years, 2 months ago

A global energy crisis is coming. There’s no quick fix

CNN  

London CNN Business — Astronomical increases in natural gas prices. “The immediate priority should be to mitigate social impacts and protect vulnerable households.” In Europe, natural gas is now trading at the equivalent of $230 per barrel, in oil terms — up more than 130% since the beginning of September and more than eight times higher than the same point …

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