ICE Warns That The TTF Gas Market May Not Be Viable

Credits: Alvarez/Unsplash

According to a memo given to member states and obtained by the Financial Times on December 15, commodity exchange operator ICE warned of a risk to the TTF gas market’s viability if the EU moves forward with a price cap.

Risk management

The EU energy ministers will get together once more on December 19 to work out an agreement on a market correction mechanism that would control the price of TTF gas if it rose above a certain threshold.

The technique would be placed on...

https://mfame.guru/ice-warns-that-the-ttf-gas-market-may-not-be-viable/

Asia Crude: Key Market Indicators for Aug 22-26

Crude oil prices could face further downward pressure over Aug. 22-26 as investors keep an eye out for progress on an Iranian nuclear deal and as Russia’s crude exports continue to prove more resilient than expected, reports Platts.

Front-month ICE October Brent crude futures stood at $95.80/b at 0240 GMT Aug. 22, down 92 cents/b (0.95%) from the Aug. 19 settlement.

Middle East
  • Trade activity for October-loading crude cargoes could ease this week, though some Asian buyers could still seek Middle...

https://mfame.guru/asia-crude-key-market-indicators-for-aug-22-26/

Weather tales from the road: Trucker’s storm encounters no joke

James Card has been through all kinds of weather in his 30-plus years as a truck driver. He told FreightWaves about two storms in particular — a tornado and a snowstorm — that he’s never forgotten.

Close call with a tornado

Card was just beginning his truck driving career when Mother Nature tested his skills, as well as his nerves.

He was hauling a full truckload of freight — 44,000 pounds — on Interstate 44 in Missouri when he ran into a severe thunderstorm.

“It was raining so hard you couldn’t...

https://www.freightwaves.com/news/weather-tales-from-the-road-truckers-storm-encounters-no-joke

Messy weekend wintry mix continues in Northern states

Truckers will hit more wet and slushy conditions this weekend from the Great Lakes to the Northeast.

Two cold fronts will produce periods of mixed precipitation — rain, snow, sleet and freezing rain — Friday and Saturday. Most travel impacts will be across Minnesota, Wisconsin, Michigan, Illinois, Indiana and Ohio through Friday night and early Saturday morning, then from West Virginia to Maine the rest of Saturday. Gusty winds may lead to occasional blowing snow and reduced visibility.

The...

https://www.freightwaves.com/news/messy-weekend-wintry-mix-continues-in-northern-states

Springtime wintry storm hitting Northeast

An early spring storm that dumped more than 12 inches of snow in parts of the Upper Midwest earlier this week began moving into the Northeast Wednesday night. It’s losing steam, but may still impact truckers through Thursday night and into Friday.

Related: 5 states with toughest chain laws for truckers

Mixed precipitation will make roads messy and potentially hazardous from upstate New York to northern New England. The National Weather Service has issued winter weather advisories for the region.

De...

https://www.freightwaves.com/news/springtime-wintry-storm-hitting-northeast

Winter storm warnings continue in Upper Midwest

Truckers face another day of dicey winter weather across the Upper Midwest as a storm system slowly spins over the region. Winter storm warnings remain in place for some areas.

Snowfall is accumulating from the Brainerd Lakes area towards the Iron Range. Here is a MNDOT camera near Emily (1/2 way between Remer and Crosby) Expect winter driving conditions #mnwx pic.twitter.com/mznXJ3dDVX

— NWS Duluth (@NWSduluth) March 22, 2022

Snow totals of 4 to 8 inches have already hit some parts of...

https://www.freightwaves.com/news/winter-storm-warnings-continue-in-upper-midwest

Hot Shots: Week of winter storms coast to coast

Every Friday, FreightWaves takes a look at the past week or so in social media, highlighting images in trucking, transportation and weather. This week features accidents on snowy and icy roads from California to the Plains to the Southeast.

Blizzard woes

The latest of several blizzards this season to hit the Upper Midwest struck early this week. Some of the worst conditions led to serious accidents on Interstate 94 near Casselton, North Dakota, about 25 miles west of Fargo. Wind gusts exceeded 45...

https://www.freightwaves.com/news/hot-shots-week-of-winter-storms-coast-to-coast

Winter storm turns deadly in Kentucky

The Kentucky State Police (KSP) are investigating several collisions that occurred Wednesday night due to ice buildup on the Tennessee River Bridge on Interstate 24 in Marshall County. An 18-month old child died in one of those collisions.

Eastbound I-70 at the 183 mile marker, in Montgomery County, is blocked due to a multiple vehicle crash.

While stopped, assisting a stranded motorist, an MSHP patrol car was struck. Luckily, the trooper was not injured.

Please slow down and move over for...

https://www.freightwaves.com/news/winter-storm-turns-deadly-in-kentucky