Tag Archives: Bloomberg News Agency

Asian liquefied natural gas prices extended gains as concern mounts that Russia’s announcement of maintenance on a key pipeline to Europe will further tighten global supplies. Producers offered LNG spot cargoes for winter above $60 per million British thermal units on Monday, traders said. The Japan-Korea Marker spot benchmark slipped …

Natural gas in Europe rose again, extending a rally as a scorching summer boosts demand while supplies from Russia remain limited. Benchmark futures jumped as much as 4.7%, reversing earlier declines. Energy market concerns are deepening as the hot and dry weather boosts gas consumption for cooling. It’s also drying …

Mexico — which imports nearly all of the natural gas it burns — has laid out a somewhat surprising mission: to become one of the world’s top exporters of the fuel, and fast. Although natural gas exports from Mexico are today non-existent, seeing as it produces too little of the …

Russia defied expectations of a collapse in oil production following its invasion of Ukraine. But Moscow will have to redouble its efforts to find new buyers if it’s to keep output from shrinking in the coming months. After plunging in the immediate aftermath of its offensive in February, Russian production …

An Iranian tanker will soon return to the country with its oil shipment, months after it was detained off the Greek coast as part of a US crackdown on Iranian crude exports. The cargo of oil confiscated from the Lana is currently being transferred back to the vessel, Iran’s embassy …

Asian buyers have snapped up a huge volume of cheap US oil early in the latest trading cycle for spot physical barrels, raising the prospect of reduced demand for Middle Eastern crude. South Korean and Indian oil refiners have so far purchased around 16-to-18 million barrels of US crude this …

U.S. shale oil drillers continue to show little sign of responding to high global prices with more production, only now it’s not just their focus on rewarding shareholders that’s holding them back, but also a preoccupation with soaring costs. The combined oil and gas production forecasts from a dozen companies …

Germany’s presidential palace in Berlin is no longer lit at night, the city of Hanover is turning off warm water in the showers of its pools and gyms, and municipalities across the country are preparing heating havens to keep people safe from the cold. And that’s just the beginning of …

German households will have to start paying an energy levy this fall, adding as much as 1,000 euros ($1,020) per year to the cost of living following Russia’s moves to squeeze gas deliveries. Starting in October, utilities will be able to pass along costs for offsetting missing Russian supplies. The …

Russia is boosting natural gas shipments to China as it curbs flows to Europe, a dynamic that may offer some respite from the unprecedented rally in energy costs, according to consultant Accenture Plc. Gas prices in Europe soared after Russia slashed supplies to its biggest market following the invasion of …