Oil lost more on Thursday as concerns about China’s renewed COVID curbs raised concerns about fuel consumption in the world’s largest crude importer.
China’s July Russian coal imports to China are now at 5-year highs as the West rejects Moscow
China’s July coal imports from Russia rose 14% from one year ago to their highest level in at least five decades. This was because China purchased discounted coal, while Western
European governments ready steps in if Russian gas supplies stop
Many European countries have plans in place for managing gas supply, and even rationing power in the event that Russian gas flows cease after supplies through the Nord Stream 1
Germany was preparing to trigger the second phase of its emergency gas plan – known as the “alarm” stage
As Europe’s energy crisis worsens, Europe was urged to plan for a complete cut-off of Russian gas supplies.
EU moves to coal and accuses Russia of ‘rogue actions’ regarding gas
An official from the EU stated Wednesday that the European Union will temporarily switch back to coal in order to deal with the slowing Russian gas flow. This was due
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.
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.