General

The cost of electricity has surged to record highs across Europe this week, following a meteoric rise in natural gas prices that could pave the way for painfully high consumer rates across the continent through the winter and well beyond. Electricity futures across much of the continent jumped above 600 euros/MWh this week, an exponential […]

After some back and forth early in Wednesday’s trading session, natural gas futures landed in the green amid a continued pull on gas for power generation. Aided by continued supply worries in Europe that have fueled record gas prices on the continent, the September Nymex gas futures contract settled at $9.330/MMBtu, up 13.7 cents from

Mozambique could soon export its first LNG from the Eni SpA-operated Coral-Sul Floating LNG (FLNG) facility offshore Mozambique’s northern coastline, as an LNG tanker is sailing to the facility to load the first cargo.  The British Mentor was floating in the Mozambique Channel on Thursday, just south of the Comoro Islands, according to ship-tracking data

Regional banks that lend into the oil and natural gas sector say they are increasingly active as producers borrow to invest in growth amid enduring strong demand for fossil fuels. To be sure, national banks such as JPMorgan Chase and Well Fargo & Co. have pulled back on oil and gas lending amid pressure from