A surge in demand, fading omicron concerns, and OPEC+’s inability to increase output have all contributed to an impressive rally in oil prices.
Traders bet that oil hits $100 is a question of when – not if
As tight supplies bite, oil hit seven-year highs
Gazoppa, a Russian supplier of Gazprom, was unable to supply gas east of the Yamal-Europe pipeline on Tuesday for a 29th consecutive session.
Russia’s Gazprom does not plan to export Europe gas via the Yamal pipeline in February.
Gazprom, Russia’s state-owned energy company, stated Monday that it has not booked any capacity for gas transport to Europe via the Yamal pipeline next month. This is in line with
Yamal gas pipeline continues to flow eastwards, from Germany to Poland
According to data from Gascade, the Yamal-Europe pipeline which normally sends Russian gas westward into Europe flowed east from Germany towards Poland on Saturday for the 26th consecutive day.
Russia is responsible for Europe’s energy crisis – IEA
The head of the International Energy Agency slammed Russia for the energy crisis that has hit European economies.
China’s coal prices hit record highs, they look to the west for help
China’s energy crisis grew on Friday, as cold weather inundated large parts of the country. Power plants scrambled for coal to stock up, sending fuel prices to new records.
