Tag Archives: energy prices

Inflation in the Eurozone climbed to an annual rate of 5 percent in December, the second-consecutive record, according to the European Union statistics office’s initial estimate, which was released on Friday.The rate was slightly higher than the previous month’s increase of 4.9 percent. Inflation around the world has jumped as …

US natural gas futures fell 7% on Wednesday, November 17, with continued increases in production and expectations of a decline in heating demand this week. As US gas contracts for December delivery ended the trading session lower by 36.1 cents, to settle at $4.816 per million British thermal units. After …

A sharp surge in natural gas prices since August has put pressure on a set of commodities, including crude oil, coal and electricity. Prices are currently squeezing margins for industrial users. Some industrial activities have contributed to higher prices for other commodities, such as base metals and ammonia as output …

Reiterating the ECB’s well-known stance on inflation, ECB’s de Guindos said that the current phase of higher inflation, which partly reflects an increase in energy prices and supply constraints, could last longer than expected only some months ago. Supply shortages may dampen activity while pushing up prices, adding to the …

While U. S. President Joe Biden and other world leaders in Glasgow continue efforts to fight climate change, OPEC ministers meet today under mounting pressure from Washington, New Delhi and Beijing to pump more crude oil, and here lies a significant paradox.OPEC meeting, Thursday, is poised to defy the U. …

Natural gas prices increased in West Virginia Monday. The state Public Service Commission approved winter rates and unlike previous years, the rates have significantly increased.With natural gas prices up about four times as much as the price this time in 2020, the utilities are paying more to purchase gas and …

WTI futures have bounced up to $82.50. the U. S. crude oil regained previous losses to return to levels near multi year highs at $83.95.Crude prices remain within previous ranges, consolidating after a nine week surge, however, oil prices retreated earlier today as the German Chancellor, Angela Merkel, and Federal …

Stock market price for electricity has risen by 140% since January in Germany. Experts say energy prices are driven up by natural gas cost, which has surged by 440% since the beginning of 2021. Energy prices for households in Germany have surged only 4.7% in the first half of 2021, …

Spokesperson of the German Ministry of Economy Beate Baron pointed out, Friday, that all the available capacities for natural gas supplies from Russia to Europe are used. “According to my data, pipeline capacities are used properly”, she said. “You need to check with market players how high capacities are”, Baron …

Francisco Blanch, Bank of America head of global commodities and derivatives research, told CNBC in a discussion on how much the energy sector is playing into the inflation story, why prices are elevated and how prices will look this holiday season.Blanch pointed out that surging energy prices in oil and …