The average price per gallon of gasoline in the U.S. dropped Thursday in the run-up to the Christmas holiday. Fuel prices, so far, are down 19 cents from a year ago.

The UK's power grid is facing record costs to provide citizens with electricity. The grid must balance supply and demand at times when markets are being pressured.

The Council of the European Union announced the final decision to create a temporary mechanism for regulating the gas market in the region with an indefinite price cap.

Deputy Prime Minister Alexander Novak said that Russia would slash gas production by 18-20% to 671 billion cubic meters by the end of the year. It would supply 470 billion cubic meters to the domestic market.

Natural gas production in the United States is expected to sharply decline in comparison with figures from the winter 2021. This is due to the fact that freezing weather in main production regions led to well closures.

Japan's key inflation gauge growth rate has significantly increased. It is equal to the one that was recorded in 1981. Thus, speculation about further change in the Bank of Japan's (BoJ) monetary policy continues to appear actively.

Nick Barisheff, CEO of BMG Group, said in a recent interview that 2022 has been the worst year ever for liquidating gold-focused mutual funds. According to Investing News, even though BMG Group's precious metals investment funds are performing better than others, investors are pulling out.

An Arctic blast surging across the US may complicate exports of liquefied natural gas (LNG) from the Gulf Coast, exacerbating turmoil in the energy system.

The Morgan Report publisher David Morgan gave his forecasts for the upcoming year. As stated by the financial expert, he doesn’t consider investing in stocks or bonds in 2023.

Texas is projected to need a record amount of electricity, which is unusual for this period, as temperatures descend to extremely low degrees for the state.