Natural Gas

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China Natural Gas Production Up 6.4% in 2022, Full-Year Imports Down 9.9%

China’s National Bureau of Statistics has revealed that China’s natural gas production continued to grow in December 2022. According to the statistics, China produced 20.4 billion cubic meters of natural gas in December, an increase of 6.5% from 2021. However, this growth was 2.1% lower than the previous month of November. For the full year …

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IEA expects global coal demand to increase slightly in 2022 and anticipates a new all-time high for 2023

According to a report published today by the IEA, global coal consumption will increase modestly in 2022, returning to the record level of nearly a decade ago. The IEA points out that the outlook for coal is fraught with uncertainty due to decelerating economic growth and turmoil in energy markets. Global coal consumption is expected …

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Natural Gas Rises Above $7

The price of natural gas (Henry Hub) has risen to over $7, a price last recorded in 2008. Year on year, the price has already risen by over 92% and currently stands at $7,189. Russia, which is currently facing heavy sanctions from the West, is having a hard time because exports have declined, according to …

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Energy Week Review

Oil Crude oil prices have been volatile this year, which is probably also due to speculation, as the price moves with almost any news related to Ukraine or Russia. However, the trend in oil prices remains upward, even though the price of WTI crude fell 3.6% this week to close at $97.90 per barrel. The …

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