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European States to Convene on Gas Price Curb

European Union member states are set to convene on Thursday to discuss strategies to curb gas prices. Rising gas prices have not only caused industry shutdowns but also left households struggling to pay their bills. Diplomats are struggling to reach a consensus on how...

U.S. Natural Gas Futures Fall Following Demand Forecast

U.S. natural gas futures fell by 4% on Wednesday, thereby hitting a two-week low. Front-month gas futures fell 4.1% to $5.785 per million British thermal units—the lowest figure since November 1. This comes after forecasts for less cold weather and lower-than-expected heating demand next week...

U.S. Natural Gas Futures Surge Amid Rising LNG Exports

U.S. natural gas futures surged 10% on Monday, reaching a two-week high. This comes after a higher-than-expected demand for LNG exports for the week was forecast. This rise in demand is largely attributed to the return of Berkshire Hathaway Energy's Cove Point liquefied natural...

QatarEnergy and Shell Partner Up for LNG Expansion

QatarEnergy chief executive Saad al-Kaabi announced on Sunday that Shell has become a partner in the state-owned company's North Field South expansion. The company leader also revealed that Shell will have a 9.3% share in the project while Qatar Energy will hold a 75%...

U.S. Gasoline Prices Are on the Rise Again

After showing a steady decline for the past three months, gasoline prices in the U.S. are on the rise again. According to data compiled by American Automobile Association (AAA), the national average gas price has increased by 11 cents since the start of the...

Volkswagen May Pull Production Out of Eastern Europe Amid Gas Crisis

Volkswagen AG confirmed on Thursday that it may decide to pull its manufacturing out of Germany and Eastern Europe should the ongoing natural gas shortage continue. According to the auto manufacturer, withdrawing production from the region is one feasible option over the medium term...