Mexican businessmen and officials expressed concern on Thursday over the potential natural gas supply and pricing impacts of Russia’s military strike on Ukraine. “We aren’t in favor of any war,” Mexico President Andrés Manuel López Obrador said Thursday. “Mexico has always been in favor of peace.” He added that Mexico had a plan in place…
Ukraine-Russia Crisis
Articles from Ukraine-Russia Crisis
U.S. Crude Producers Hold the Line on Supplies; Russian Aggression Clouds Outlook
U.S. producers kept output flat amid commitments to discipline and rapidly evolving geopolitical tensions that reached new heights Thursday with Russia’s invasion of Ukraine. Domestic production for the week ended Feb. 19 was flat with the two prior weeks and most of 2022 at 11.6 million b/d, the U.S. Energy Information Administration reported Thursday. While…
Natural Gas, Oil Prices Soar as Russia Attacks Ukraine, Creating Potential Supply Headwinds
European natural gas prices spiked while oil surged above $100/bbl Thursday amid Russian military strikes across Ukraine. The aggression triggered fears of energy upheaval that could further compress already tight global supply/demand balances. U.S. natural gas prices also climbed early Thursday, punctuating the global uncertainty imposed by Russia’s assault on the eastern European country. Russia’s…
How Will Russia, Ukraine Conflict Impact U.S. LNG and Natural Gas Market?
Europe’s energy crisis has been a boon for American liquefied natural gas (LNG) exports and Russia’s incursion into Ukraine puts them in an even better position, but the attack underway is expected to not push U.S. natural gas prices significantly higher. Even before Russian President Vladimir Putin ordered military forces into Ukraine, Europe’s natural gas…
U.S. Natural Gas Futures Surge as Russia’s Invasion Rattles Energy Markets
With news of Russia’s attack on Ukraine roiling energy markets early Thursday, including sending West Texas Intermediate crude to around $100/bbl, natural gas futures were up sharply in early trading. The expiring March contract was up 30.2 cents to $4.925/MMBtu at around 8:55 a.m. ET. April was up 33.0 cents to $4.923. News reports Thursday…
Williams CEO Says U.S. LNG to Benefit from NS2 Suspension; Natural Gas Prices Move Higher
Europe’s dependence on U.S. natural gas is going to “grow even faster” if Nord Stream 2 (NS2) deliveries from Russia to Germany are delayed, Williams CEO Alan Armstrong said. During a conference call Tuesday to discuss the natural gas pipeline giant’s fourth quarter and year-end results, Armstrong said the value of domestic supply will grow…
Biden Promises More Russian Sanctions and Germany Suspends NS2 Certification
President Biden on Tuesday increased pressure on Russia with economic sanctions and troop movements in response to escalation on the Ukrainian border. It was the latest pushback against the country by western allies of Ukraine after President Vladimir Putin announced he would recognize the sovereignty of two pro-Russian sepratist states along the eastern border and…
European Natural Gas Turmoil Deepens as Russia Moves Into Ukraine – LNG Recap
Russia’s decision to order military forces into eastern Ukraine, as well as the West’s swift condemnation of the move, on Tuesday weighed on financial markets, added to inflationary pressures and pushed oil and natural gas prices higher, deepening an energy crisis that has gripped Europe since last year. Natural gas prices in Asia, Europe and…
LNG 101: How Natural Gas Would Be Impacted If Russia Invades Ukraine
The geopolitical standoff between Russia and Ukraine has deepened turmoil in Europe’s natural gas market and laid bare its dependence on energy imports, but it remains highly unlikely that Russia would halt all natural gas flows or even significantly curb deliveries to the continent. Russia’s Gazprom PJSC “does not need to stop gas to wreak…