Ukraine-Russia Crisis

Chaos reigned in the global commodity markets Monday as Russia’s attack on Ukraine intensified, sending European natural gas futures to record highs and Brent crude to levels not seen in 14 years.  Russian President Vladimir Putin said Saturday that the West’s sanctions – which for now have exempted energy exports – were “akin to a…

President Biden faced increasing pressure on Monday to ban imports of oil from Russia following its invasion of Ukraine and the deepening turmoil in eastern Europe. The U.S. president is reportedly considering such a move but carefully weighing it against the likely impact it would have on global crude prices and, by extension, the cost…

Click here to listen to the latest episode of NGI’s Hub & Flow for a deeper understanding of how the Russia-Ukraine crisis could impact Mexico’s natural gas market. In the podcast, NGI Senior Editor Christopher Lenton sits down with Gadex Consultant Eduardo Prud’homme to look at how Russia’s invasion of Ukraine is impacting global natural…

European energy prices have hit records since Russia invaded Ukraine, but as warmer weather nears, concerns are shifting to how the continent can cope with natural gas shortages next winter if the conflict drags on and what it means for longer-term demand in the region. “The coming of spring certainly makes it easier to live…

Spot prices for liquified natural gas (LNG) to be delivered to Asia have taken a volatile swing upward as buyers prepare for a potential tug-of-war with a European continent struggling through a major gas crunch and impacts from the Ukrainian conflict. Spot Japan-Korea Marker (JKM) prices were assessed at a record $59.672/MMBtu Thursday before taking…

Natural gas forwards bounced back from a late-February slump as the fallout from Russia’s attack on Ukraine exposed the far reaching consequences of the war. Armed with the potential for chilly weather to return to the Lower 48, April fixed prices rallied by an average 14.0 cents from Feb. 24-March 2, according to NGI’s Forward…

Russian natural gas pipeline flows to Europe remain at some of their strongest levels in months despite fighting in Ukraine, but the market is on edge about any potential disruption in deliveries given how crucial imports are for the continent, which has helped to send natural gas prices soaring. “A complete shutdown of Nord Stream…

Natural gas futures were up sharply in early trading Friday as analysts continued to see global energy market anxieties amid the Ukraine crisis feeding into the domestic price outlook. The April Nymex contract was up 12.3 cents to $4.845/MMBtu at around 8:50 a.m. ET. West Texas Intermediate crude oil futures were up $3.49 to $111.16/bbl.…

This week was a manic time in natural gas markets globally, and Mexico was not without its share of drama. Last Friday, Mexico’s Cenagas declared a rare critical alert on the Sistrangas national pipeline system, which meant some users would see natural gas restrictions. The alert was related to problems at a gas processing center…