I appeared on Fox Business on Thursday lunchtime to discuss my concerns about natural gas flows to Europe from Russia amidst escalating tension in Ukraine. After all, half of all Russian exports to Europe pass through the country. Hark, click on the below mugshot to hear my views on both European and US markets:
Posts Tagged ‘UK natural gas’
Yo y’all, it’s been another nutty week in the world of energy, as Brent crude has made 18-month lows, while WTI has disco-danced its way back into the 70’s (to $77 to be specific); worsening economic data on a global front has been the overwhelming drag on prices this week. Natural gas is seeing record temperatures across parts of the US boosting cooling demand, but even the impending formation and threat of the fourth-named storm of the Atlantic hurricane season cannot propel prices too much higher (insert Debby downer joke here). Enough from me, it’s time to eat:
Given the influx of ruling-related rhetoric in the realm of Energyland™ this week, it seems useful to take a look at some of these announcements – which cover ground from fracs to specs, from UK shale to US LNG – to gain a better understanding. So without further fluff, let’s get our game faces on (= serious post, ahoy), and do a quick ring around the rulings.
Ok, ok, I’ll put the Star Wars theme to bed. For today, my friends, we are going to look at some facts and figures about storage across a number of our dearly beloved commodities and a number of geographies – highlighting (for the most part) a theme of staunch stockpiles.
To further provide some educational information, in addition to the focus on energy, there is also some trivia relating to the ultimate sultan of storage…the squirrel. So enjoy!
And we’ve had another week of ridiculous rallies and savagery sell-offs, leaving crude markets…ooh, not all that changed, actually. The European debt crisis has been eased by France/Belgium guaranteeing the bad debt of Dexia, while the ECB has promised further bond purchases to calm default fears. A better-than-expected US employment report has been gladly accepted by markets (note: do not confuse ‘better-than-expected’ with ‘strong’), while global economic worries continue to bubble away under the surface. Natural gas has spent the week plundering to new low after new low, as warmer outlooks look set to quell some heating demand, while strong supply is omnipresent. But enough from me, hark, bites to see: » read more