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.
Mystery leaks hit both Russian undersea gas lines, raising European suspicions
On Tuesday, European countries raced to investigate mysterious leaks in Russian gas pipelines that run under the Baltic Sea between Sweden and Denmark.
Germany’s massive energy relief package has been delayed 18 months
Direct relief was promised to households but is delayed by ‘chaotic records keeping.
Mysterious Russia burns $10m of gas per day in huge flare near Nord Stream 1
According to an analysis, Russia burns $10m (£8.4m), of gas per day at a plant close to its border with Finland.
Share Talk Weekly Stock Market News, Sunday 21st August 2022
For the small caps the landscape this year has been brutal, governed by a liquidity crunch as investors hoarded cash in the wake of the Ukraine uncertainty, and as much
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
EU Nations Back 15% Gas-Cut Target
As the possibility of Russia’s complete cutoff grows, European Union countries have reached a political deal to reduce their gas consumption by 15% until next winter.
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.
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