NRT News and Press, North European Oil Royality Trust From 03/14/22

The Netherlands on Monday reduced output expectations for the Groningen natural gas field, stressing that "the Groningen field will only be an option of last resort." Production at the field operated by Exxon (NYSE:XOM) and Shell (NYSE:SHEL) peaked at ~88.0bcm/y, or ~18% of Europe's current n...

In a now famous tweet following oil's (NYSEARCA:USO) historic pandemic-related price collapse, Ark Invest's (NYSEARCA:ARKK) Cathie Wood called for prices to return to $12/b:   With prices reaching 10x her forecast early Monday, the famed technology investor doubled down, indicating ...

North European Oil Royality Trust (NYSE:NRT) traded today at a new 52-week high of $17.89. So far today approximately 77,000 shares have been exchanged, as compared to an average 30-day volume of 100,000 shares. North European Oil Royalty Trust holds overriding royalty rights covering ga...

Energy commodities rallied Tuesday, as war in Ukraine showed no sign of slowing. With utilities, refineries and traders scrambling to secure supplies, oil prices traded up ~10%, thermal coal prices rose ~15%, and European natural gas prices spiked ~20%. Following nearly a decade of reduced fo...

On the back of Germany's energy policy U-turn over the weekend and as broader financial sanctions burdened commodity traders, European energy prices rallied Monday. Benchmark Brent oil prices (NYSEARCA:USO) closed up ~4% with BP (NYSE:BP) cancelling Russian cargo loadings, and ahead of a...

According to Reuters sources, the European Commission will propose EU countries tax energy companies' windfall profits from the gas price rise. With revenue from the windfall being invested in renewable energy sources. The proposal is subject to change, but would not introduce an EU...

Gainers: Imperial Petroleum (NASDAQ:IMPP) +34%. Heliogen (NYSE:HLGN) +21%. TimkenSteel (NYSE:TMST) +18%. U.S. Silica Holdings (NYSE:SLCA) +16%. Huaneng Power International (NYSE:HNP) +12%. Losers: Summit Midstream Partners (NYSE:SMLP) -30%. U.S. Well Services (NASDAQ:USWS) -12%. Nor...

European natural gas prices are up ~30% this morning, as commodity markets focus on Russia's invasion of Ukraine. Revisiting the balance details, latest announcements and commentary from leaders, points towards near-term risk to the continent's gas supplies. Russia is the world's largest prod...

Following actions by German Chancellor Olaf Scholz to halt the approval process for Nord Stream 2, former Russian President and current Deputy Chair of the Security Council Dmitry Medvedev had this to say:  Nord Stream 2 recently reached mechanical completion, but has yet to begin flowin...

US equity markets were closed Monday; however, commodity and global equity markets were open, with a series of important news releases impacting energy and natural resources prices over the long weekend: Russia / Ukraine - the conflict between Russia and Ukraine captured headlines as Russia's...