Ukraine

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…

With geopolitical tensions surrounding Russia and Ukraine roiling markets, natural gas futures were higher in early trading Tuesday. At around 8:50 a.m. ET, the March Nymex contract was up 12.8 cents to $4.559/MMBtu. April was up 13.8 cents to $4.515. Natural gas prices showed some volatility in after hours trading over the holiday weekend, going…

Rebounding industrial activity – and energy needed to fuel it – along with continued strong demand for U.S. exports could drive natural gas consumption through 2022, according to analysts who presented during a webinar (replay available) hosted Tuesday by Natural Gas Intelligence (NGI) and Independent Commodity Intelligence Services (ICIS). An accelerating U.S. economy and manufacturing…

A roundup of news and commentary from NGI’s LNG Insight  European natural gas prices on Tuesday tumbled to their lowest point this year after Russia said it was pulling back some troops amassed near the Ukraine border. The March Dutch Title Transfer Facility (TTF) contract shed more than $3/MMBtu and finished the day under $24.…

The growing threat of a Russian invasion of Ukraine had the energy market on edge Monday, when oil and natural gas prices again moved higher. The standoff has also upended metals markets, weighed on equities and is creating additional inflationary pressures. The U.S. warned Friday that an attack could be imminent, sending commodity prices up.…

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…

President Biden and European Commission President Ursula von der Leyen pledged Friday to work closely to ensure adequate energy supplies for Europe, including liquefied natural gas (LNG), as geopolitical tensions between Russia and Ukraine show no signs of easing.  “The United States and the European Union (EU) are working jointly towards continued, sufficient and timely…

The White House is working with European allies to ensure adequate natural gas supply in the event Russia cuts off access, press secretary Jen Psaki said this week. During a gaggle with the press, Psaki confirmed that the Biden administration has been working on contingency plans if Russia were to invade Ukraine. Russia is a…