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RARE PHOTOS: 83 | Vintage Vibes

EU Foreign Minister says Europe should stop entry of Indian products made from Russian oil

Earlier this month, the Petroleum and Natural Gas Ministry strongly denied a Finland-based think tank’s report alleging that India led five countries that acted as “laundromats” to buy Russian oil and sell refined products to European countries

The Hindu

Bangladesh rocked by power cuts as cyclone hits gas supply

Bangladesh faced its worst power cuts in over seven months as a deadly storm forced the closure of both its floating liquefied natural gas (LNG) terminals, less than a month after a scorching heatwave caused widespread outages in the south Asian country.

Reuters

Nat-Gas Prices Climb on Reduced North American Gas Output

June Nymex natural gas (NGM23 ) on Monday closed up +0.109 (+4.81%). Jun nat-gas Monday climbed to a 2-week high and closed sharply higher. Nat-gas prices have carryover support from last Friday on signs of reduced future U.S. nat-has production when Baker Hughes reported that the number of active U.S....

Barchart

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Crude Prices Climb on Outlook for Stronger U.S. Fuel Demand this Memorial Day

June WTI crude oil (CLM23 ) this morning is up +1.10 (+1.57%), and June RBOB gasoline (RBM23 ) is up +1.08 (+0.44%). June Nymex natural gas (NGM23 ) is up +0.109 (+4.81%). Crude oil and gasoline prices this morning are moderately higher. A weaker dollar today is giving energy prices...

Barchart

Cyprus, Israel working on deal for natural gas pipeline, processing plant in Cyprus

The Cypriot energy minister says Cyprus and Israel are working on a deal to build a pipeline that will take natural gas from both countries to the eastern Mediterranean island nation, where it will be liquefied for export by ship to Europe and potentially elsewhere

The Independent UK

Nat-Gas Prices Jump as Active U.S. Nat-Gas Rigs Plunge

June Nymex natural gas (NGM23 ) on Friday closed up +0.076 (+3.47%). Jun nat-gas prices Friday jumped to a 1-1/2 week high and closed sharply higher. Above-normal U.S. temperatures have increased demand from electricity providers to power air-conditioning. According to BNEF data, gas demand for power generation is at the...

Barchart

Crude Prices Fall on a Stronger Dollar and Slump in U.S. Consumer Sentiment

June WTI crude oil (CLM23 ) this morning is down -0.58 (-0.82%), and June RBOB gasoline (RBM23 ) is down -1.22 (-0.50%). June Nymex natural gas (NGM23) is up +0.033 (+1.51%). Crude oil and gasoline prices this morning gave up an early advance and are moderately lower on today's rally...

Barchart

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Nat-Gas Prices Little Changed as Canadian Gas Production Resumes

June Nymex natural gas (NGM23 ) on Thursday closed down -0.001 (-0.05%). Jun nat-gas prices Thursday gave up an early advance and settled little changed. Nat-gas prices Thursday gave up early gains as more Canadian nat-gas production has come online as firefighters continue to make progress in battling wildfires in...

Barchart

Crude Prices Drop on Dollar Strength and Energy-Demand Concerns

June WTI crude oil (CLM23 ) this morning is down -0.76 (-1.05%), and June RBOB gasoline (RBM23 ) is down -2.94 (-1.18%). June Nymex natural gas (NGM23 ) is up +0.058 (+2.65%). Crude oil and gasoline prices this morning are moderately lower. A rally in today's dollar index to a...

Barchart

Under the melting ice: the race for the Arctic’s riches

For centuries, the Arctic’s hostile climate has ensured its status as “one of the very few remaining” unspoiled parts of the world, said Ashok Swain in Gulf News (Dubai). However, it’s also one of the planet’s most resource-rich regions, estimated to hold 13% of the world’s oil (some 90 billion…

The Week

An EPA proposal to (almost) eliminate climate pollution from power plants

Coal and natural gas-fired power plants would have to dramatically reduce the climate-warming greenhouse gasses they emit under proposed federal rules.

WEKU

Nat-Gas Prices Falter as Progress Made in Containing Canadian Wildfires

June Nymex natural gas (NGM23 ) on Wednesday closed down -0.076 (-3.35%). Jun nat-gas prices retreated Wednesday as firefighters made progress in battling wildfires in Alberta, Canada. Also, forecasts for rain to move into western Canada should help firefighters contain the fires that are still burning. Tradition Energy said that...

Barchart

Crude Prices Fall as Weekly EIA Crude Inventories Unexpectedly Climb

June WTI crude oil (CLM23 ) this morning is down -0.92 (-1.25%), and June RBOB gasoline (RBM23 ) is up +1.76 (+0.71%). June Nymex natural gas (NGM23 ) is down -0.073 (-3.22%). Crude oil and gasoline prices this morning are mixed, with gasoline climbing to a 1-week high. A weaker...

Barchart

Natural Gas Sits Near the Lows- Risk - Reward is Critical

Natural gas prices are just above the $2 per MMBtu level, a far cry from the August 2022 high that took the volatile energy commodity over $10 per MMBtu for the first time since 2008. In the early days of the offseason for demand at the start of the 2023…

Barchart

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Radio France Internationale

Invictus Energy makes major gas find in northeastern Zimbabwe

An Australian oil and gas exploration company says it has found high quality natural gas deposits in northeastern Zimbabwe, after months of exploration.

Barchart

Nat-Gas Prices Climb as Canadian Wildfires Reduce Gas Production

June Nymex natural gas (NGM23 ) on Tuesday closed up +0.029 (+1.30%). Jun nat-gas prices moved higher for a second day on reduced nat-gas production in Canada. A total of 94 wildfires were burning in Alberta on Tuesday, with 26 classified as out of control. That has led to the...

StockNews.com

Best Oil Stock to Buy Today

Energy sector giant Cheniere Energy (LNG) reported solid fiscal 2023 first quarter results and is well-placed to continue its business momentum this year, driven by high energy demand and the company’s strategic initiatives to boost its production capacity. Given its strong fundamentals, this leading oil stock could be a solid…

Barchart

Dollar Strength and China Economic Concerns Weigh on Crude Prices

June WTI crude oil (CLM23 ) this morning is down -1.51 (-2.06%), and June RBOB gasoline (RBM23 ) is down -3.37 (-1.37%). June Nymex natural gas (NGM23 ) is down -0.013 (-0.58%). Crude oil and gasoline prices this morning are moderately lower. A stronger dollar today is weighing on energy...

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The Conversation

What is hydrogen, and can it really become a climate solution?

Hydrogen, or H₂, is getting a lot of attention lately as governments in the U.S., Canada and Europe push to cut their greenhouse gas emissions.

Barchart

Nat-Gas Prices Jump as Canadian Wildfires Curb Gas Output

June Nymex natural gas (NGM23 ) on Monday closed up +0.101 (+4.73%). Jun nat-gas Monday closed sharply higher. Reduced nat-gas output in Canada sparked short-covering in nat-gas futures Monday. A total of 102 wildfires were burning in Alberta on Monday, with 27 classified as out of control. That has led...

StockNews.com

3 Top Momentum Utility Stocks to Own

Volatility has gripped markets as fears of an imminent recession continue to dent investors’ confidence. Therefore, it could be wise to own fundamentally strong utility stocks ONEOK, Inc. (OKE), Brookfield Infrastructure Corporation (BIPC), and Genie Energy (GNE), which have gained momentum lately, to strengthen your portfolio. Read more….

Barchart

Crude Prices Gain on Disruptions to Canadian Crude Production

June WTI crude oil (CLM23 ) this morning is up +1.81 (+2.54%), and June RBOB gasoline (RBM23 ) is up +6.68 (+2.81%). June Nymex natural gas (NGM23 ) is up +0.106 (+4.96%). Crude oil and gasoline prices this morning are moderately higher. Crude prices are climbing today on carryover support...

The Independent UK

New pipeline agency rule aimed at cutting methane leaks

The federal agency that regulates pipelines has announced new rules aimed at reducing leaks of methane, a potent greenhouse gas, from a network of nearly 3 million miles of natural gas pipelines that crisscross the country

Barchart

Nat-Gas Prices Recover on a Broad Rebound in Commodities

June Nymex natural gas (NGM23 ) on Friday closed up +0.036 (+1.71%). Jun nat-gas Friday recovered from a 3-week low and posted moderate gains. A broad rally in commodity prices Friday supported gains in nat-gas as commodity demand concerns eased after Friday's stronger-than-expected U.S. Apr payrolls report. However, gains in...

Barchart

Crude Prices Sharply Higher as Economic Concerns Ease

June WTI crude oil (CLM23) this morning is up +2.74 (+4.00%), and June RBOB gasoline (RBM23) is up +6.07 (+2.61%). June Nymex natural gas (NGM23) is up +0.025 (+1.19%). Crude oil and gasoline prices this morning are sharply higher. A weaker dollar today is supportive of energy prices. Crude prices...

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