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US Natgas Futures Jump 5% on Record Global Prices, Drop in US Output
2022-08-16 - Due to its extensive power needs, as well as an outage at the Freeport LNG export facility, U.S. gas futures lag far behind global prices.
US to Sell Up to 45 Million Barrels of Oil from Historic SPR Release
2022-06-14 - The SPR release was meant to help control oil prices that spiked after Russia invaded Ukraine. However, oil prices have marched higher since the March 31 announcement.
Germany Considering Repurposing Unused Nord Stream 2 Pipeline for LNG Use: Report
2022-06-24 - The German economy ministry is considering expropriating the German portion of the Nord Stream 2 pipeline system, built by Russian gas giant Gazprom, and cutting it off from the rest of the pipeline.
Iran Seizes Two Greek Tankers amid Row over US Oil Grab
2022-05-27 - Also on May 27, Iran summoned an envoy of Switzerland, which represents U.S. interests in Tehran, to protest against the Pegas oil seizure, the Iranian foreign ministry said.
Kremlin: Nord Stream 1 Turbine to be Installed, Volumes Will Adjust
2022-07-25 - Kremlin spokesman Dmitry Peskov stopped short of saying gas supply would increase, noting that further Nord Stream 1 pipeline equipment needed to be repaired.