Articles for Natural Gas Prices

Shell profit doubles to record as war drives up energy costs
1 year, 10 months ago

Shell profit doubles to record as war drives up energy costs

Associated Press  

LONDON — Global energy giant Shell said Thursday that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia’s invasion of Ukraine. U.S.-based Exxon Mobil also posted record annual profits days earlier, while U.K. rival BP and France’s TotalEnergies reported huge quarterly profits last year. The results were “truly stunning” and …

Global Energy Ukraine Russia Company Profit Shell
Editorial: Soaring utility bill? Blame the instability of fossil fuels
1 year, 11 months ago

Editorial: Soaring utility bill? Blame the instability of fossil fuels

LA Times  

A dramatic increase in natural gas prices is being felt by people across California whose utility bills are also on the rise. Californians are being hit with big increases in their utility bills this winter as natural gas prices spike dramatically, and it’s exceptionally bad timing. Southern California Gas Co. warned its 5.9 million customers to expect “shockingly high” bills, …

Gas Prices Natural Bill Bills Southern California Fossil Fuels
Get ready for a massive SoCalGas bill this month, as natural gas prices soar
1 year, 11 months ago

Get ready for a massive SoCalGas bill this month, as natural gas prices soar

LA Times  

Natural gas customers of Southern California Gas should brace for a price shock in January, as the commodity price for the fuel has tripled. The warning Southern California Gas Co. issued to its customers was unusually blunt: “There’s no easy way to put this,” the company said. Southern California Edison said rates will rise 7.2% in January, mainly because of …

Europe Court Natural Gas California Month Higher Natural
Inflation hits new record high of 10.7% in Europe, slowing economy
2 years, 1 month ago

Inflation hits new record high of 10.7% in Europe, slowing economy

India TV News  

Highlights Natural gas prices skyrocketed in the wake Russia's invasion of Ukraine A survey of professional forecasts showed expectations for inflation next year rose to 5.8 per cent The economy had showed growth of 0.2 per cent in the July-September quarter Inflation hit a new record in the 19 countries that use the euro currency, fuelled by out-of-control prices for …

Economy Europe Ukraine Russia Inflation Gas Prices
Worries about the next recession intensifying each day; retail investors must take note
2 years, 2 months ago

Worries about the next recession intensifying each day; retail investors must take note

Live Mint  

The world's major economies are staring at a recession, and analysts warn that the global economy may plunge into a severe contraction in the next 12 months. While rating agency firm Fitch also warns that high inflation and the US Fed's continuous rate hikes will drive the US economy into a 1990-style mild recession starting in the spring, Mint reported. …

Global India Economy World Inflation Prices Interest Rates
CNG, piped cooking gas prices hiked by ₹3
2 years, 2 months ago

CNG, piped cooking gas prices hiked by ₹3

The Hindu  

The prices of CNG and cooking gas piped to household kitchens in the national capital on October 8 were hiked by ₹3 each in step with rise in input natural gas prices. Simultaneously, the rates of gas piped to household kitchens, called piped natural gas, was increased to ₹53.59 per standard cubic metre in Delhi from ₹50.59 per scm, according …

Gas Prices Price Rates Natural Increase Png
Europe ramps up energy security after suspected sabotage
2 years, 2 months ago

Europe ramps up energy security after suspected sabotage

Associated Press  

BRUSSELS — European companies are ramping up security around pipelines and energy prices are climbing again as the suspected sabotage of two pipelines that deliver natural gas from Russia underscored the vulnerability of Europe’s energy infrastructure and prompted the EU to warn of possible retaliation. “Any deliberate disruption of European energy infrastructure is utterly unacceptable and will be met with …

Security Europe Ukraine Sabotage Germany Gas Natural Gas
Russia’s war idles some European mills as energy costs soar
2 years, 9 months ago

Russia’s war idles some European mills as energy costs soar

Associated Press  

MILAN — Italian paper mills that make everything from pizza boxes to furniture packaging ground to a halt as Russia’s war in Ukraine has sent natural gas prices skyrocketing. Italy’s state broadcaster has launched a campaign with lists of how to save energy, including turning off lights, lowering thermostats and regularly defrosting refrigerators, under the motto “M’illumino di meno,’’ or …

Energy Europe Italy Natural Gas Prices European Natural
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 …

Economy Europe Ukraine Russia Inflation Gas Prices
Russia-Ukraine crisis: How Europe may cope if Putin shuts off gas
2 years, 10 months ago

Russia-Ukraine crisis: How Europe may cope if Putin shuts off gas

Al Jazeera  

Around 35 percent of the European Union’s natural gas comes from Russia. Because should Russian President Vladimir Putin’s government decide to use what analysts often call Moscow’s “gas weapon”, the fallout would impact some European Union nations far more than others. For example, although Germany bought the most Russian gas in 2020 and natural gas adds up to around a …

Energy Europe Ukraine Russia Germany Power Natural Gas
Surging natural gas prices: Threat to consumers this winter?
3 years, 2 months ago

Surging natural gas prices: Threat to consumers this winter?

Associated Press  

NEW YORK — Brace for a rude surprise on your winter heating bills. Having enjoyed a prolonged period of low prices, consumers of natural gas are facing the burden of far more expensive fuel — and the prospect of much higher heating bills this winter. All those factors combined to send natural gas prices in Europe skyrocketing to roughly $26 …

Energy Europe Winter Oil Asia Gas Companies
Regulators examine Texas energy market after natural gas prices soared 10,000%
3 years, 10 months ago

Regulators examine Texas energy market after natural gas prices soared 10,000%

CNN  

New York CNN Business — Federal regulators are looking closely at the Texas energy market after natural gas prices rocketed during last week’s deep freeze. “We are monitoring irregularities in the Texas energy markets following last week’s freeze,” Rostin Behnam, acting chair of the Commodity Futures Trading Commission, said in a speech Tuesday. Meanwhile the Federal Energy Regulatory Commission announced …

Energy Market Gas Natural Gas Texas Natural Extreme Weather