Monday, March 3, 2025
U.S. natgas futures slide 4% on rising output, less demand next week- oil and gas 360

U.S. natgas futures slide 4% on rising output, less demand next week

Nasdaq U.S. natural gas futures fell about 4% on Wednesday from a seven-week high in the prior session on record gas output and forecasts for less demand next week than previously expected.     That price decline came despite a decline in flows from Russia to Europe on the Nord Stream gas pipe, forecasts for hotter weather through mid August

Oil Sands to continue to grow but heightened energy security concerns have not yet boosted outlook- oil and gas 360

Oil Sands to continue to grow but heightened energy security concerns have not yet boosted outlook

BOE Report CALGARY, AB – While the Russian invasion of Ukraine has increased the incentive to raise Canadian oil sands production in the short-term, it has not fundamentally altered the production outlook over the longer-term, according to the latest forecast by the S&P Global Oil Sands Dialogue. The updated 10-year forecast expects Canadian oil sands production to reach 3.5 million barrels

Putin’s new gas squeeze condemns Europe to recession and a hard winter of rationing- oil and gas 360

Putin’s new gas squeeze condemns Europe to recession and a hard winter of rationing

CNBC Europe’s descent into an economic contraction looks to have been confirmed with Russia squeezing natural gas supplies to the region and heavy industry facing tough rationing in the coming months. Just days after Europeans breathed a sigh of relief as Russian gas giant Gazprom announced it would resume supplies through the Nord Stream 1 pipeline, it then announced Monday