Prices of natural gas in Europe have dipped once more following Tuesday’s surge, with Goldman Sachs asserting that a fall in demand will neutralize any effects from the disruption of
European gas prices indicates that the battle for LNG supply is far from concluded.
Futures prices experienced a week-long surge for the first time in 10 weeks, amid worries that Europe may have to import more gas.
Russia acknowledges ‘issues’ as earnings from energy sector decline
Finance Minister Siluanov informs Vladimir Putin that the 50% drop in revenue is attributed to ‘all these discounts.’
Putin receives a £1.4bn surge as Russia’s oil exports reach a record high since the invasion.
Russia’s oil exports experienced a significant increase, reaching a peak not seen since the country’s invasion of Ukraine last month. This is part of Vladimir Putin’s plan to bolster his
The G7 and EU have decided to prohibit the resumption of Russian gas pipelines.
The G7 and the European Union (EU) are set to prohibit Russian gas imports via routes where Moscow has halted supplies, as per insiders involved in the discussions.
EU seeks $140 billion to cope with energy crisis
On Wednesday, the European Union’s executive presented plans to raise more than 140 billion euros (£121bn) in order to address an energy crisis. This has raised the possibility of winter
EU backs off Russian gas price cap after Putin threat
Ministers from the EU agree to raid energy giants in an effort to ease household financial losses.
Europe is facing a potential “Lehman Brothers” event with energy margin calls of $1.5 trillion
European energy companies face margin calls totalling $1.5 trillion in the derivatives market. Many would need to support policy to cover them amid wild swings, and skyrocketing power and gas
Oil supported by supply threats yet still set for a second weekly drop
Friday’s oil price rise was supported by supply cuts and real threats. However, crude saw the second week of declines as China’s COVID-19 curbs and aggressive interest rate increases weighed
China Is Aggressively Buying Up Cheap Russian LNG at a 50% discount
Bloomberg reported that Russia is still selling liquefied natural gases from Sakhalin-2 in the Far East to China at half the price and still making profits, citing unnamed traders.
Gazprom declares force majeure over some gas supplies to Europe
According to Gazprom’s July 14 letter, Reuters saw Monday and found that Gazprom had declared force majeure over gas supplies to Europe to at most one major customer.
Gazprom anticipates Siemens to continue servicing Nord Stream 1 turbines
Gazprom, Russia’s largest gas exporter, said Saturday that it expects Siemens to fulfil its obligations when servicing gas turbines required for reliable operation of Nord Stream 1 and energy shipments