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Soaring fertilizer prices spark boom in demand for manure, both animal and
human!. BNN Bloomberg's Andrew Bell reports.
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DRILLBITS: COMMODITY STORIES THAT WENT UNDER THE RADAR
Soaring fertilizer prices spark boom in demand for manure, both animal and
human!. BNN Bloomberg's Andrew Bell reports.
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Dec 7, 2021
EUROPEAN GAS PRICES JUMP AS U.S. WEIGHS MORE SANCTIONS ON RUSSIA
Elena Mazneva, Bloomberg News
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BC-European-Gas-Prices-Jump-as-US-Weighs-More-Sanctions-on-Russia , Elena
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(Bloomberg) --
European natural gas futures extended Monday’s gain as traders weigh fresh risks
to winter supplies.
Dutch front-month prices rose as much as 5.6% after Royal Dutch Shell Plc
canceled several liquefied natural gas shipments after an outage in Australia,
which will intensify global competition for spot cargoes. Traders are also
waiting to see if the Nord Stream 2 pipeline from Russia to Germany could face
more U.S. sanctions and further delays because of a political spat over
Ukraine.
A senior American administration official said U.S. President Joe Biden will use
a video call with Russian President Vladimir Putin on Tuesday to warn Moscow
against invading Ukraine or risk severe economic penalties. Biden also spoke
with European leaders about the Russian military build-up on Ukraine’s borders,
according to the White House.
Dutch gas traded as high as 95 euros a megawatt-hour by 8:47 a.m. in Amsterdam.
While the contract has retreated from a record 162 euros in October, analysts
and traders expect prices to remain high through the winter as the continent’s
gas inventories are at their lowest in more than a decade.
©2021 Bloomberg L.P.
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