Anticipated average household energy bills are set to decrease by approximately £500 starting in July, suggesting that Vladimir Putin’s strategy to leverage Russia’s gas reserves for geopolitical ends has not
Gas prices in Europe revert to standard rates, marking a setback for Putin’s energy conflict.
For the first time since Russia’s Ukraine incursion, European natural gas prices have returned to their typical trading ranges, marking a setback in Vladimir Putin’s energy warfare.
The US Treasury Secretary to hold emergency meeting with US financial regulators
Today, in the midst of the recent banking turmoil, the US Treasury Secretary, Janet Yellen, will chair an impromptu meeting with the leaders of America’s financial regulatory bodies.
European banks are experiencing continued drops, with Deutsche Bank falling by more than 7% in New York
According to S&P Market Intelligence data, the cost of credit default swaps for Deutsche Bank – Germany’s largest bank – hit a four-year high today. This comes as shares in
Uniper, a German gas importer, has suffered a €4 billion loss on its Russian subsidiary after losing control of the company
As the majority shareholder with an 83.7% stake, Uniper claims it has not had any access to information about its power generation subsidiary, Unipro, since the final quarter of last
To cover losses from the Covid loan scheme, UK banks spent £4.4bn of taxpayers’ cash
To cover fraud and default on the £77bn state-guaranteed loans given to struggling companies during the coronavirus lockdowns, more than £4.4bn worth of taxpayers’ money was paid to British banks.
Russian airbase was hit in a drone attack, and three killed
Russian military personnel were killed when a Ukrainian drone attacked an area in Russia’s Saratov Region. This was reported by Russian news agencies, citing the defense ministry.
Russia forced to slash oil output by half a million barrels a day
Russia is planning to reduce its oil production by tens of millions of barrels per day in response to a Western price limit that threatens the Kremlin’s revenues.
Here’s what happened in the city of London this week
Hedge funds seek to lockdown new employees, while banks scoff at the bonus cap.
Russian energy giant Gazprom begins testing gas supplies from the Kovykta fields to China’s pipeline
Gazprom, Russia’s energy giant, said Tuesday that it had begun testing the supply of natural gas from the Kovykta, east Siberia’s largest, to the China-bound Power of Siberia pipeline.
Europe must use 10% less gas to avoid risk of blackouts
According to the International Energy Agency, gas consumption must be reduced by the Continent in order for it to remain safe & secure.
Gazprom CEO Alexei Miller says gas price cap would lead to supply halt
Alexei Miller, Gazprom’s CEO, stated Sunday that plans to limit the price of Russian gas exports will cause supply to be halted. This is a similar threat to President Vladimir