European gas soars 13% as EU faces cut-off - Breaking The News

European gas soars 13% as EU faces cut-off

19 July

1 min read

EPA-EFE/TOMS KALNINS

The price of European gas jumped over 13% on Tuesday after the European Union acknowledged it is working under the assumption that the Nord Stream pipeline will not restart working as scheduled on July 21.

UK natural gas futures for delivery in August surged 13.97% to 220,730 pence per therm at 11:34 am CET.

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EIA: US natural gas inventories up by 29 Bcf

11 hours ago

Working gas in storage across the United States stood at 1,773 billion cubic feet in the week ending March 28, the Energy Information Administration (EIA) revealed in its report released on Thursday. The figure marks a net increase of 29 billion cubic feet compared to the week before.On an annual basis, the natural gas stockpiles fell by 491 billion cubic feet and were 80 billion cubic feet below the five-year average of 1,853 billion cubic feet. The total working...

EIA: US natural gas inventories up by 37 Bcf

27 March

Working natural gas in storage across the United States increased by 37 billion cubic feet (Bcf) in the week ending March 21 compared to the week prior to land at 1,744 Bcf, the Energy Information Administration (EIA) revealed in its report published on Thursday.At the same time, stocks fell by 557 Bcf compared to the same period last year and stood 122 Bcf lower than the 5-year average of 1,866 Bcf. The total working gas storage remains within the...

Venezuela says Trump's tariff threat on oil buyers 'illegal'

24 March

Venezuela said that United States President Donald Trump's threat to impose a 25% tariff on countries that purchase oil and gas from them is an "arbitrary, illegal and desperate measure." "Venezuela firmly and categorically rejects the new aggression announced by the President of the United States, Donald J. Trump, who intends to impose a secondary tariff of 25% on any country that trades with Venezuela in oil and gas," Venezuelan Foreign Minister Yvan Gil said...

EIA: US natural gas inventories up by 9 Bcf

20 March

Working natural gas in storage across the United States increased by 9 billion cubic feet (Bcf) in the week ending March 14 compared to the week prior to land at 1,707 Bcf, the Energy Information Administration (EIA) revealed in its report published on Thursday.At the same time, stocks fell by 624 Bcf compared to the same period last year and stood 190 Bcf lower than the 5-year average of 1,897 Bcf. The total working gas storage remains within the...

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