US NYMEX and oil prices remain stable as Russian effects are mostly already discounted by energy sanctions
Global natural gas and LNG prices were largely unaffected by Russia’s political and military unrest over the weekend as Russian oil and natural gas values have already been largely discounted by sanctions and the shutdown of the Nord Stream gas pipelines to Europe.
US energy outlook for May explains changes in weather methodology and skips LNG forecasts
The United States short-term energy outlook for May said that in future it would make use of changed methodology and the new model would combine a 30-year trendline and the National Oceanic and Atmospheric Administration’s forecast to create the weather forecasts.
European natural gas soars over $50 per MMBtu level as North Sea Brent oil hits $117 amid Ukraine conflict
European wholesale natural gas prices and LNG values soared to record levels over $50 per million British thermal units on March 3 as the North Sea Brent crude oil price jumped to a nine-year high of more than $117 a barrel.
