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Yesterday MDN told you we would likely see the front-month NYMEX natural gas contract settle above $8/MMBtu by the end of yesterday (see NYMEX HH Natural Gas Price Trades Above $8/MMBtu, Closes @ $7.95). Indeed it happened--in spades. The NYMEX closed at $8.41/MMBtu, up $0.46 cents from the day before. Analysts are calling these prices
Natural gas traders' nerves have gotten the better of them. Yesterday the NYMEX "front month" futures contract price for natural gas hit $8.14/MMBtu before falling back to close at $7.95. That is the highest price NYMEX gas has traded for in the past 14 years--since 2008. The main reason for this most recent spike up
As a way of avoiding the pain of worldwide sanctions against his country over the invasion of Ukraine, murdering thug dictator Vladimir Putin has demanded that countries he sells natural gas to (namely in Europe) pay him in roubles. Most countries have refused his demand, so last week Putin began cutting off natgas shipments--so far
An article in the Pittsburgh Post-Gazette highlights and focuses on the financial performance for four of the Marcellus/Utica's largest publicly-traded companies, including EQT Corp., Antero Resources, Range Resources, and CNX Resources, during first quarter 2022. Even though the price natural gas is fetching is higher than it's been in 14 years, M-U drillers are losing
Like huge figures and they are obviously quite big pat on the global markets, they are not huge. so in terms of global consumption of wheat annually it is about 700 million tonnes, so that kind of puts it into proportion. the rest of the world also hold large stocks of staple commodities such as wheat that can buffer the sort of loss of supply from ukraine and russia and ukraine combined, in fact. and russia and ukraine combined, infact. but, as and russia and ukraine combined, in fact. but, as you point out, fertiliser is an important input into agricultural production, as is fuel and pestici...