According to zerohedge On an oil-barrel-equivalent basis, US NatGas is trading at around a $40 discount to WTI Crude (the 'cheapest' since 2013)... 1/10 of Europe's gas price in August 2022
Heatwaves across the globe have weighed on natural gas supplies.Natural gas prices across the globe are soaring, with European prices now trading at what would be an equivalent of $410 per barrel of crude oil.Heatwaves this summer and expected natural gas shortages this winter are driving gas prices higher and higher.
Europe is in the most precarious position, but natural gas prices are rallying in the United States and Asia, too. Gas demand for power is high, and production is flat in America, while major Asian buyers are back on the LNG market to secure supplies for the winter.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EU Gas Price Cap: An Exercise in Futility | OilPrice.comLast week, the European Union saw a cap on natural gas prices come into effect, but with spot prices trending much lower right now, the price ceiling isn't likely to be enforced anytime soon
Read more »
Katie Price calls Mucky Mansion renovation 'tacky' and shows off £1,600,000 homeKatie Price called her own mucky mansion ‘tacky’ in a trailer for her latest crack at television 📺
Read more »
Car Parked at West Roxbury Gas Station Stolen at GunpointA car was stolen at gunpoint in Boston’s West Roxbury neighborhood on Sunday evening after the car’s owner had stopped at a station to get gas, police said. The driver was refilling their gas tank at Speedway Gas Station at Washington Street when a person approached the driver with a gun and took their car, according to police. The driver…
Read more »
Campaigners warn pre-payment meter users face financial distress as energy price spikes hit.Average UK household energy bills are set to rise to £3,000 a year between April and June under the UK’s energy price guarantee (EPG) scheme, up from the current £2,500 DavidConnett1 reports:
Read more »