Ukraine-Russia Crisis

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…

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…

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…

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…

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…