The balance had now “tipped” in favour of an economic contraction next year in the US and Europe. “What used to be a rising risk has now turned into the base case.”

Europe has imported a record amount of LNG so far this year, 60% more than a year ago, helping to keep European prices at the Dutch TTF hub, the European gas benchmark,

By mid-session on June 23, the NYMEX Henry Hub July contract had dropped more than 60 cents, trading around $6.20/MMBtu by 1 pm ET.

Freeport LNG is one of seven LNG export facilities operating in the United States.

Last Energy's SMR technology is based on a pressurised water reactor with a capacity of 20 MWe or 60 MWt.

Under the Bipartisan Infrastructure Law, USD6 billion has been allocated to support the continued operation of existing US nuclear power plants under the threat of closure

Despite experiencing a series of adverse shocks—higher-than-expected inflation, the ongoing supply disruptions related to COVID-19, and Russia’s invasion of Ukraine—the financial system has been resilient, though portions of the commodities markets temporarily experienced elevated levels of stress.

Just when it didn’t seem things couldn’t get worse — gasoline at $5 to $8 a gallon, supply shortages in everything from baby formula to new cars — comes the devastating news that many of us will endure electricity blackouts this summer.

Since the wind turbine capacity factors are in the 40-50% range, their annual potential output is typically half, or less, of the annual potential output of a conventional generator of the same rating plate capacity.

U.S. Rig Count is up 7 from last week to 740, Canada Rig Count is up 15 from last week to 156.

The Committee decided to raise the target range for the federal funds rate to 1‑1/2 to 1-3/4 percent and anticipates that ongoing increases in the target range will be appropriate.

U.S. commercial crude oil inventories increased by 2.0 million barrels to 418.7 million barrels.

U.S. natural gas prices to remain relatively high in 2022 because of lower-than-average natural gas inventories resulting from factors affecting both supply and demand.

Through the collaboration, KBR’s market-leading energy advisory services team and Terrestrial Energy will analyse the integration of Terrestrial Energy’s Integral Molten Salt Reactor (IMSR) nuclear cogeneration technology for use in green ammonia and hydrogen production.

"The energy complex is very tight globally and LNG prices will be supported in the next two-three months at the very least," a trading source based in Singapore said June 13.