Tag Archives: gas

A person shops in the beverage aisle at a grocery store in Toronto, Ontario, Canada November 22, 2022. REUTERS/Carlos Osorio Inflation in Canada increased 6.3 per cent in December from last year, Statistics Canada said on Tuesday, as gas prices fell but mortgage interest costs continue to rise and the cost of food remains stubbornly high. December’s increase in the Consumer Price Index (CPI) marks the third straight month where the annual rate of inflation decreased from the prior month. In… Source link

Anti-Russia protest in Germany Yann Schreiber/AFP via Getty Images Russian President Vladimir Putin’s ploy to use oil and gas exports as “a weapon of financial war” in its campaign to conquer Ukraine “is increasingly backfiring, threatening the core of Russia’s beleaguered economy and curtailing its geopolitical influence,” The Wall Street Journal reports. Putin had calculated that cutting off natural gas to Europe, and especially Germany, would leave Europe’s economy in shambles and its… Source link

In 2022, Americans turned to Google to find local answers that reflect some of this year’s largest national conversations about the economy, public health and the midterm elections, according to the latest “Year in Search” report, an annual review of people, places and things that piqued internet users’ interests and drew the most attention online over the course of 2022.  The report, released earlier this month, highlights trending topics across a number of key categories, including… Source link

Could he be any more blatant? Just days before the midterm elections on Nov. 8, President Biden has called for a baldly political windfall tax on “excess” profits of oil and gas companies. There’s no chance it will happen, which Biden knows. Only Congress can impose new taxes, and Congress isn’t in session right now. When it was in session earlier this year, Democrats who control both houses kicked around the idea of an oil-company windfall tax, and it got nowhere. Biden says he’ll… Source link

China has been supplying LNG to Europe after Russia curbed supply to the region.Hoëgh LNG China told state-owned natural gas importers like Sinopec and CNOOC to halt LNG sales to Europe, per Bloomberg. The order to halt resales comes as Beijing looks to protect domestic gas supplies for the winter. China has been a crucial supplier of gas to Europe as the region faces a Russia-driven energy crisis. Beijing has reportedly told state-owned natural gas importers to halt resales of cargoes to… Source link

Gas prices in California are heading painfully higher once again, sending the national average up for the second straight week to over $3.80 per gallon. The average price for a gallon of gas in California was $6.41 on Tuesday, according to AAA, roughly $0.03 short of the record set in June. In Los Angeles County, the average price for a gallon of gas was $6.46 compared to the national average of $3.81. “That’s very much a disproportionate increase,” GasBuddy Head of Petroleum Analysis… Source link

America’s mood is improving, as gas prices decline. Pump prices have fallen by $1.30 per gallon since June, to a somewhat manageable national average of $3.70. Consumer confidence fell during the first half of the year, as gas prices were soaring, but confidence has improved since July. There’s no better indication that inflation is on the run! Except, it’s not. Economists and investors thought the latest inflation report, released on Sept. 13, would show a definitive decline in the… Source link

Russian gas giant Gazprom said Tuesday that China will start paying for Russian gas in rubles and yuan instead of Western currency, as Moscow seeks closer ties with Beijing in the wake of economic sanctions over the Kremlin’s war in Ukraine.  “A transition was made to making payments for Russian gas supplies to China in the national currencies of the countries — the ruble and yuan,” Gazprom said in a statement following a video conference meeting with Chinese oil group… Source link

Russian President Vladimir Putin visits the Laura Cross-country Ski and Biathlon Center at the 2014 Sochi Winter Paralympic Games March 15, 2014. REUTERS/Michael Klimentyev/RIA Novosti The only thing stopping Nord Stream 1 gas flows are Western sanctions, the Kremlin said ahead of the three-day shutdown. “There are guarantees that, apart from technological problems caused by sanctions, nothing hinders the supplies,” a spokesperson said. Europe has still been preparing for a total shutoff of… Source link

Oil prices could spike again by the beginning of 2023, says one analyst. “Domestically, whether it’s oil or it’s gas, these companies have very very limited incremental capacity at this time,” Truist Securities Managing Director of Energy Research Neal Dingmann told Yahoo Finance Live. U.S natural gas prices rallied on Monday to new 14-year highs over reserve concerns and the energy crisis in Europe. Oil prices declined during the session amid worries of a global slowdown and the prospects of… Source link