gas prices

European Gas Prices Plunge: The First in Two Years

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Understanding the Dip For the first time in two years, gas exchange prices in Europe have dipped below the $300 per thousand cubic meters mark as reported by the Intercontinental Exchange (ICE). On May 20, 2023, gas futures at the Title Transfer Facility (TTF) hub in the Netherlands fell by 3.3% to $297.06 per thousand … Read more

US Oil & Gas Industry Faces Significant Slowdown: A Deep Dive into the Recent Rig Count Decline

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The oil and gas industry in the United States has hit a significant speed bump, as evidenced by a substantial drop in the weekly oil and gas rig count, an early sign of future output. According to a report by Baker Hughes, a leading energy services company, the number of operational rigs fell by seven … Read more