Connect with us

Commodities

Current natural gas market news: experts have assessed the consequences of increasing Russian gas supplies to China for Europe

Published

on

natural gas market news

All current natural gas market news today is centered around the Russian Federation. Russia is cutting gas supplies to Europe and at the same time increasing them to China. In Brussels, at least internally, they do not mind that Beijing is buying as much natural gas as possible from Moscow. The consulting firm Accenture Plc. says this is good for united Europe because it helps it fight the energy crisis. 

Oil and gas market news: pipeline gas restrains Chinese demand for liquefied natural gas (LNG)

The reason is that Russian natural gas from pipes is holding back demand in China for liquefied natural gas (LNG), which Europeans are now looking for across the world to replace Russian gas, Bloomberg says, citing Accenture director Ohan Kose. Even though the Power of Siberia pipeline exports pipe gas from Russia to China is still a fraction of what Moscow was supplying to Europe until February 24, due to its low price, it is successfully replacing expensive LNG in the Chinese market. Also, new gas pipelines are being built from Russia to China.

“It’s important that Russian gas goes to China,” Kose said last week, “because it reduces China’s demand for LNG and its price.

If you follow global oil and gas market news, you know that China also imports gas through pipelines from Central Asia. Beijing is now trying to buy as much cheap pipeline gas as possible and as little expensive liquefied gas as possible. Because of the pandemic and coronavirus lockdowns and the resulting slowdown of the Chinese economy, Beijing has not yet even entered the spot gas market this year, where, incidentally, it was the main player last year. The appetite for LNG in China, according to forecasts by experts, may remain low not only in August, but also in September.

Current european natural gas market news

At the moment Europe is closely watching the epidemiological situation in the Celestial Empire and the way China is coming out of the blackouts and starts to restore its economy. Economists at Goldman Sachs explained in a research note last week that the less LNG China buys, the more Europe gets. 

Accenture believes that if Russia stopped supplying gas to Europe completely, the price of gas could increase fivefold! Of course, this situation will last until spring. Kose is certain that the average price of gas next year will be lower than this year.

Gas consumption and demand is also being held back by the risk of a global economy sliding into recession. According to Accenture, the risk of a global recession would cut gas demand in the EU by 16% next year. Brussels is now persistently urging EU members to reduce gas consumption by 15% this winter. French energy company Engie SA, for example, reports that French residents have already begun to vigorously conserve electricity and reduce their gas consumption.

“The combination of lower demand in Europe and Asia and the fact that Russian gas has found new markets will lower gas prices in the medium term,” Kose forecasts. This is a positive for gas energy news. If the coming winter is harsher than the previous ones, high gas prices will certainly last longer, but they should decrease in the long run.

Commodities

Nasdaq 100 index rises for third straight week 

Published

on

nasdaq chart today

The Nasdaq chart today, which reflects the value of stocks of U.S. technology companies, rose 20% from its June low. Over the past trading week, the Nasdaq showed an increase of 3.2%. Analysts believe that this rally is happening on very shaky ground. 

Some even claim that investors are “stupid”. Much of the growth came on the back of falling oil prices. The drop in Brent to nearly $90 was a signal of declining demand in the economy. 

Shrinking consumption should translate into slower inflation, allowing the Fed to tighten its policy at a slower pace. However, the cooling of oil prices on Friday was offset by strong labor market data. Unemployment in the U.S. fell to 3.5%. Still, the best Nasdaq stocks showed gains. 

Fed officials often refer to a robust labor market in their rhetoric as an indication of a rate hike. Last week’s macroeconomic indicators suggest that the regulator remains free to act. Forecasts do not look rosy either. 

Average earnings estimates for the S&P 500 for 2023 are down 2.7% since the end of the first-quarter earnings season. The reason: lower expectations for growth in securities. Analysts’ estimates set the stage for a longer market recovery cycle. Inflation and the “era of expensive money” continue to hold back production.



Continue Reading

Commodities

4 Dividend Stocks Offering Double-Digit Yields: An Easy Way To Earn Passive Income

Published

on

carbon emissions and climate change

Carbon emissions and climate change are well known, so many global companies are concerned about this factor. Today it is more of a reputation issue. Amazon said that its carbon footprint increased by 18% last year. The reason is the strong expansion of e-commerce in the pandemic era. Amazon promises to reach zero emissions by 2040. 

Today, the company is working to introduce electric cars, which can reduce carbon emissions in the air. There are also several ambitious projects that aim to remove carbon from the atmosphere. But at the same time, such ambitious projects can significantly affect Amazon’s operations. 

Such an investment would force the company to cut costs for business expansion. The world’s largest online retailer emitted 71.54 million metric tons of carbon dioxide equivalent last year. 

The company first released emissions data in 2019. In 3 years, that figure has increased by 40%. However, Amazon’s carbon intensity of operations-the ratio of emissions to gross sales-reduced by 1.9%. This points to more efficient logistics and warehousing operations. 

In its recent report, Amazon points out that the company has to face significant challenges on the road to minimal carbon emissions. There are a number of advanced technologies and developments that make it possible to achieve the desired result. The only problem is that integrating them into a functioning system can be too expensive, even for a giant like Amazon.



Continue Reading

Commodities

Situation in Taiwan leads to detours and delays in global transport

Published

on

China's military exercises near Taiwan

China’s military exercises near Taiwan have pushed the situation in the region to the limit. Therefore, some ships carrying liquefied natural gas are rerouting or reducing speed. China’s announcement of its military exercises is causing disruptions in global supply chains, leading to detours and delays in energy deliveries. 

Gas suppliers are rerouting or reducing the speed of some liquefied natural gas ships bound for North Asia. Shipments to Taiwan and Japan will be affected this weekend, Bloomberg reported. 

Shipping companies are assessing their options after China’s reaction to the visit of the highest-ranking U.S. official to the island in 25 years. The action threatens to disrupt one of the world’s busiest waterways. 

Risks of escalation in one of the planet’s key shipping lanes are skyrocketing because of the sharp escalation of the Taiwan crisis. Taiwan has issued an official warning that ships should seek alternative routes to safely enter and leave key ports. At least until China’s military exercises are over. 

At the same time, ship owners report that the current situation does not prevent tankers from moving through the Taiwan Strait. Consulting agencies also report that the problems for shipping are minor.



Continue Reading

News

is bitcoin mining profitable is bitcoin mining profitable
Cryptocurrency7 mins ago

Is bitcoin mining profitable today? Bitcoin mining difficulty drops for third month in a row

Is bitcoin mining profitable? The difficulty of mining bitcoin began to drop precipitously as the largest-capitalization cryptocurrency’s price fell below...

wazirx news wazirx news
Cryptocurrency15 mins ago

WazirX news: Indian authorities froze assets of WazirX

WazirX news: India’s economic intelligence agency froze assets of Binance-bought WazirX after allegations of money laundering Indian authorities have seized...

us recession and stock market us recession and stock market
Forex2 days ago

US recession and stock market. Thomas Barkin, Fed: Recession is virtually impossible

The U.S. recession and the stock market are closely linked. The key U.S. stock market indices – Dow Jones, NASDAQ...

usd to euro rate usd to euro rate
Forex2 days ago

Euro rate chart: the euro is not going into a trap

No matter how much FOMC officials try to convince investors of the Fed’s commitment to aggressive tightening of monetary policy,...

european stock market news european stock market news
Forex2 days ago

European stock market news: Europe started to lag behind the rise in U.S. stock prices

Current European stock market news: U.S. stock futures rose slightly Friday, helped by tech stocks as investors prepare for the...

dollar rate exchange dollar rate exchange
Forex2 days ago

Dollar rate today live: What is happening to the dollar today?

As you know, the dollar exchange rate has been lagging lately. We all wish wars would end as quickly as...

u.s. stock market capitalization 2022 u.s. stock market capitalization 2022
Forex2 days ago

U.S. stock market capitalization 2022: Morgan Stanley advises against buying U.S. stocks

U.S. stock market capitalization by 2022 leaves much to be desired. The key U.S. stock market indexes – DOW Jones,...

eur/usd chart eur/usd chart
Forex2 days ago

EUR/USD: European Union’s main currency problems

EUR/USD: The pair stayed in the flat, as investors refrained from making big bets before the U.S. labor market data...

asian stock market charts asian stock market charts
Forex2 days ago

Asian stock market charts: Major Asian indicators are up 0.88%

What’s happening on the Asian stock market charts right now? The major Asian indicators are mostly up 0.88%. Some indicators,...

nonfarm payrolls and recession nonfarm payrolls and recession
Forex2 days ago

Nonfarm Payrolls and Recession: July’s NonFarm Payrolls Surprise – What Next?

As you know, nonfarm payrolls and the recession are always closely related. The U.S. Federal Reserve sees its main goal...

stock market today stock market today
Forex2 days ago

Stock market today: Stock Europe closes the week with a fall

Stock market today: In trading on Friday, key stock indicators in Western Europe are showing a decline amid weak financial...

Best US brokers Best US brokers
Forex2 days ago

Top brokers USA

Due to the strictness of the supervisory agencies to the investment market in the United States, traders who choose a...

nasdaq chart today nasdaq chart today
Commodities2 days ago

Nasdaq 100 index rises for third straight week 

The Nasdaq chart today, which reflects the value of stocks of U.S. technology companies, rose 20% from its June low....

carbon emissions and climate change carbon emissions and climate change
Commodities2 days ago

4 Dividend Stocks Offering Double-Digit Yields: An Easy Way To Earn Passive Income

Carbon emissions and climate change are well known, so many global companies are concerned about this factor. Today it is...

China's military exercises near Taiwan China's military exercises near Taiwan
Commodities2 days ago

Situation in Taiwan leads to detours and delays in global transport

China’s military exercises near Taiwan have pushed the situation in the region to the limit. Therefore, some ships carrying liquefied...

historical price of gasoline in the US historical price of gasoline in the US
Commodities2 days ago

Demand for gasoline in the U.S. has fallen below pandemic levels

According to the U.S. Energy Information Administration, average monthly gasoline consumption has fallen below the 2020 level. The demand surge...

oil prices in asian countries oil prices in asian countries
Commodities2 days ago

Saudi Arabia raises oil prices in Asian countries to record levels

Aramco is raising Arab Light oil prices by 50 cents in September. It is a record increase in oil prices...

current electricity prices UK current electricity prices UK
Commodities2 days ago

Current electricity prices UK: Marginal annual energy costs in the UK jump above £4,000

Current electricity prices in the UK are rising fast. According to Investec Bank Plc, the price ceiling paid by households...

oil prices chart oil prices chart
Commodities2 days ago

Oil prices daily adjusted upward

The price of October futures for Brent at London’s ICE Futures Exchange stood at $95.74 per barrel, up $1.62 (1.72%)...

current gold price current gold price
Commodities2 days ago

Current gold price stabilizes after rally

Current gold prices on Thursday morning grew slightly; with the second day remaining above $1,800 per troy ounce; markets are...

futures wheat price futures wheat price
Commodities2 days ago

Futures wheat prices: wheat rose sharply on the Chicago Exchange

Futures wheat prices as well as soybeans in Chicago rose sharply on Thursday. Wheat quotations recovered from 6-month lows on...

daily crypto news daily crypto news
Cryptocurrency4 days ago

Latest crypto news: What happened on the crypto market as of August 4 morning

Daily crypto news: Starbucks will develop loyalty program with web3 tools, Solana developers found alleged culprit of ecosystem exploit, ZBExchange...

staking cardano ada staking cardano ada
Cryptocurrency4 days ago

Bank Sygnum adds support for staking Cardano (ADA)

Swiss digital bank Sygnum announced that staking Cardano ADA is now available to its users.  Sygnum Bank customers can now...

next ethereum update next ethereum update
Cryptocurrency4 days ago

Next Ethereum update will attract more investment from institutions

Next Ethereum update will be a deciding factor in increasing institutional investment in cryptocurrency A Bloomberg Intelligence report suggests that...

news about coinbase news about coinbase
Cryptocurrency4 days ago

Breaking news about Coinbase: Court finds ex-Coinbase employee accused of insider trading not guilty

Breaking news about Coinbase: A federal court in Manhattan has found not guilty a former employee of Ishan Wahi, whom...

inflation in Europe by country inflation in Europe by country
Forex4 days ago

Inflation in European Union: Producer prices in the euro area rose by 1.1% in June and by 1.3% in the EU

Inflation in the European Union: Euro-area producer prices (PPI) rose 1.1% in June 2022 compared to the previous month, when...

dollar rate today dollar rate today
Forex4 days ago

The dollar rate today is stable against the euro and the yen

During trading the dollar rate today practically does not change against major world currencies; traders are waiting for a report...

gas prices in the EU gas prices in the EU
Forex4 days ago

S&P sharply upgraded its outlook for gas prices around Europe in the coming years

International rating agency Standard & Poor’s Global Ratings has sharply increased forecast gas prices in the EU in the coming...

chart gold price chart gold price
Commodities4 days ago

Chart gold price: quotes stabilized amid falling U.S. bond yields

The chart of gold prices shows that global gold prices have stabilized amid falling U.S. government bond yields. Gold prices...

current wheat price current wheat price
Commodities4 days ago

Exchange current wheat price rises amid active demand

Chicago’s current wheat prices are rising on Wednesday, recovering from a one-week low reached earlier in the session. More active...

Trending

©2021-2022 Letizo All Rights Reserved