This post was originally published on this siteEmboldened by swelling production and declining domestic demand in the face of moderating weather, bears took a massive bite out of October natural gas baseload prices, according to NGI’s Bidweek Alert (BWA). Only one month removed from the $8/MMBtu handles seen for September baseload gas delivery, prices for

This post was originally published on this site The European Union on Wednesday promised a “robust” response to any intentional disruption of its energy infrastructure after saying it suspected sabotage was behind gas leaks discovered this week on subsea Russian pipelines to Europe.

This post was originally published on this site The Kremlin on Wednesday said claims that Russia was somehow behind a possible attack on the Nord Stream gas pipelines were stupid, adding that the United States had opposed the pipelines and its companies had made big profits supplying gas to Europe.

This post was originally published on this siteNatural gas futures dived lower on Tuesday as Hurricane Ian approached the southeastern United States, threatening demand destruction and elevating uncertainty in a thinly traded market heading into prompt month expiration Wednesday. Ongoing energy tumult in Europe tied to Russia’s war in Ukraine added another dose of unease

This post was originally published on this siteLNG imports to the United States reached their lowest levels in 15 years during the first half of 2022, according to the Energy Information Administration, a possible sign that domestic production and infrastructure projects could be improving supply issues in the Northeast. Recent EIA data showed U.S. imports

This post was originally published on this siteU.S. oil output declined last week as prices descended and concerns mounted about global recession and geopolitical tumult tied to Russia’s invasion of Ukraine. Production for the week ended Sept. 23 declined by 100,000 b/d to 12.0 million b/d, the U.S. Energy Information Administration (EIA) said Wednesday in