Natural gas plunges 10% to its lowest level since 2020 as winter demand concerns fade

Tech Insider : Economy
Trader NYSE green
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., March 17, 2020.

Lucas Jackson/Reuters

Europe’s now dealing with an oversupply of natural gas after hoarding it for months before winter

Tech Insider

Good morning, Opening Bell readers. Phil Rosen here. 

It's not because I'm vegan, but I haven't bought eggs in months now. Thanks to inflation, a dozen eggs now costs more than a pound of beef. 

Wall Street luminaries say it's time to get out of the stock market before the Fed crushes the economy

Tech Insider

Happy hump day, readers. I'm senior reporter Phil Rosen, writing to you from Manhattan. 

Today we're going over why some of the most astute voices on Wall Street are advising a shift from stocks to bonds — and what we learned yesterday helps explain why. 

Europe is now stuck with a huge stockpile of natural gas after hoarding it last year for a brutal winter that never came

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Floating Storage and Regasification Unit (FSRU)
Europe is now looking at its highest natural-gas stockpiles in years.

John MacDougall/AFP/Getty Images

Ex-Gazprom official says decades of the Russian gas giant's work has been 'flushed down the toilet', with export revenues expected to halve this year

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Vladimir Putin Gazprom
State-owned energy company Gazprom has slashed the supply of natural gas to Europe.

AFP/Getty Images

Natural gas prices fall to 25-month low as key Texas LNG facility looks to restart exports

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LNG import terminal in Rotterdam.
LNG import terminal in Rotterdam.

Federico Gambarini/Picture Alliance/Getty Images

Russia's oil and gas revenue crashed by nearly 50% at the start of 2023, leading to a wider budget deficit as Moscow's spending soars

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Russian Prime Minister Vladimir Putin and CEO of Russian natural gas giant Gazprom Alexei Miller attend a ceremony to mark the launch of the Sakhalin-Khabarovsk-Vladivostok natural gas pipeline, September 8, 2011 in Vladivostok, Russia.
Vladimir Putin

Sasha Mordovets/Getty Images

Here's what the stock market is facing down this week, from Fed moves to earnings that will set the tone for the rest of 2023

Tech Insider

Good morning, team. I'm your host, Phil Rosen. 

Natural gas prices hit their lowest level in 21 months as the East Coast sees less snow than Texas this winter

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winter storm texas snow
Ice and snow blanketing roads in Odessa, Texas, on February 15, 2021.

Jacob Ford/Odessa American via AP

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