December 21, 2021
“European gas prices jumped to an all-time high on Tuesday after natural gas on a key pipeline from Russia to Germany reversed flow eastward and freezing temperatures took hold in many parts of Europe. The benchmark price for Europe at… Continue Reading…
December 6, 2021
“U.S. natural gas futures plunged more than 10% on Monday, falling to the lowest level since August on forecasts for warmer-than-expected winter temperatures. The leg lower builds on last week’s more than 24% loss, which was natural gas’ worst week since… Continue Reading…
November 29, 2021
“From appliance stores in the United States to food markets in Hungary and gas stations in Poland, rising consumer prices fueled by high energy costs and supply chain disruptions are putting a pinch on households and businesses worldwide. Rising inflation is leading to price… Continue Reading…
November 2, 2021
“Oil and gas giant BP beat third-quarter earnings expectations on Tuesday, fueled by surging energy prices. The British energy major posted an underlying replacement cost profit, a proxy for net profit, of $3.3 billion for the third quarter, above analyst estimates of… Continue Reading…
October 29, 2021
“…The company earned $1.58 per share during the period on an adjusted basis, which was ahead of the $1.56 analysts surveyed by Refinitiv were expecting. Revenue totaled $73.79 billion, short of the $76.34 billion the Street was expecting. “All three… Continue Reading…
October 28, 2021
“The potential for a knock-on effect of rising fuel prices to be felt by other industries is becoming more likely, as oil and gas prices continue to rise to an all-time high, companies are finding it hard to maintain their… Continue Reading…
October 26, 2021
“FactSet analysts expect Exxon to swing to a profit of $1.56 per share in Q3 vs. an 18 cents per share loss in the year-ago quarter. Revenue is seen climbing 54% to $71.13 billion. Exxon has remained committed to its… Continue Reading…
October 22, 2021
“…Gas keeps getting more and more expensive, especially in California. But perhaps nowhere is it pricier than the remote central coast community of Gorda. The town’s only gas station is offering regular unleaded for $7.59. Premium is nearly $8.50. The… Continue Reading…
October 18, 2021
“…A perfect storm of labor shortages, skyrocketing natural gas prices and global supply chain constraints have put the country in prime position for a difficult winter. Rising demand as economies reopen has created similar problems all over the world, but economists… Continue Reading…
October 11, 2021
“…The U.S. benchmark crossed the psychological $80 per barrel level on Friday for the first time since November 2014, jumping more than 2% before easing into the close. Brent also rose more than 2% higher early in the session. On… Continue Reading…
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