However, the UK’s trade balance is still in trouble as foreign gas prices rise.
UK cuts out Putin as Russian energy imports drop to zero
Putin’s War Resets His Economy Four Years Back in One Quarter
The invasion of Ukraine by President Vladimir Putin set Russia’s economy back for four years, even though it was less severe than originally feared.
Gazprom says it halts gas supplies to Latvia
Gazprom, a Russian gas producer, said Saturday that it had stopped supplying Latvian gas to its neighbours. It accused Latvia of violating gas withdrawal conditions.
Despite Putin’s propaganda, the Russian economy is ‘crippled on every level’
Experts say that Western sanctions are “catastrophically” affecting Russia’s economy, despite Vladimir Putin’s attempts to conceal the damage.
UK Energy Bills Set to Peak Above £500 This Winter in January. This is more than three times the level of last year
As Russia tightens its grip on Europe’s gas supplies, the UK is set to experience record-breaking energy prices this winter. This will only add to Britain’s current cost-of-living crisis.
EU nations starting to echo the tensions that divided northern and southern member states
Russia’s gas cut could fracture the unity of Europe’s Union this winter, as tight budgets and supply issues limit the bloc’s ability to deal with an unexpected, severe energy shortage.
Kremlin to Keep Up Its Gas Squeeze on Europe, Germany calls for lower consumption
Nord Stream 1 gas flows fell to a fifth of their capacity Wednesday. This prompted Germany’s network regulator, to appeal to the industry and households to conserve gas and avoid
Gazprom Germania is taken over by the German regulator to ensure energy supply
Gazprom Germania, a Russian energy trading, storage, and transmission company, was abandoned by Gazprom Russia on Friday. It will now be transferred to Germany’s regulator in order to ensure energy
Gas flows via the Yamal-Europe pipeline, travel west from Russia to Europe, remained reversed on Friday
Gas flow via the Yamal Europe pipeline, which normally travels west from Russia into Europe, was reversed Friday. Low supply to Poland from Germany remained largely unchanged since Monday, according
Gazprom: Russia will boost China’s gas exports by 25% while Yamal-Europe pipeline continued at a slow pace
Gazprom, the Russian gas giant, announced Friday that Russia intends to increase its gas exports to China by 48 billion cubic meters (bcm), per year through a new pipeline. The
Traders bet that oil hits $100 is a question of when – not if
A surge in demand, fading omicron concerns, and OPEC+’s inability to increase output have all contributed to an impressive rally in oil prices.
