FRANKFURT (Reuters) – With Russia threatening to cut off the supply of vital gas and oil, European governments are dusting off rationing plans that bring back memories of the 1973 energy crisis. Are Europeans heading for car-free Sundays, dimmer lights and what felt like government-mandated bedtime as TV broadcasts ended early – last seen at …
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(Reuters) – Russia’s Gazprom said on Friday that its natural gas exports outside former Soviet Union countries fell to 38.5 billion cubic metres (bcm) in the quarter ended March 31, down 27.1% from a year earlier. It said its gas output for the quarter was unchanged at 135 bcm. NN: that missing gas has to …
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You know your going to have a bad day when you wake up with a tank in your front yard U.S. President Joe Biden outlined a series of steps the White House is taking to reduce high prices at the pump. The U.S. President called on Congress on Thursday to make American oil companies pay …
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* U.S. 2/10 yield curve flattest in more than two years * Other parts of Treasury yield curve are also inverted * U.S. 2/10 OIS curve is also inverted *The 5 year to 30 year yield cure inserted for the first time since 2006……… The U.S. Treasury yield curve, as measured by the gap between …
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(Bloomberg) — The Biden administration’s mammoth drawdown of the Strategic Petroleum Reserve depends on an aging network of pipelines and oil storage tanks with a problematic past.The reserve, the world’s largest emergency supply, was created in the aftermath of the Arab oil embargo of the early 1970s, but its distribution system was designed with a …
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(Reuters) – Russia’s Gazprombank on Thursday said it would provide conditions to allow convenient payments for Russian gas in roubles, Tass news agency said. Gazprombank told Tass it has the right technology and experience to quickly and expertly fulfill a state order to switch to roubles for gas payments which President Vladimir Putin signed earlier …
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BERLIN/LONDON (Reuters) – Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday or else have their supplies cut, a move European capitals rejected and which Berlin said amounted to “blackmail”. Putin’s move, via a decree signed on Thursday, leaves Europe facing the prospect of losing more than a …
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Russian energy giant Gazprom is looking at options for halting gas supplies to so-called “unfriendly” countries. That’s according to a report in Russia’s Kommersant newspaper. It says Gazprom is evaluating the consequences of a complete stoppage. The news comes after President Vladimir Putin said “unfriendly” nations would soon have to pay for gas in roubles. …
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Russian forces are deliberately trying to damage Ukraine’s agriculture sector, a main source of income, President Volodymyr Zelensky told Dutch lawmakers. Troops have placed landmines in fields and agricultural equipment has been destroyed, he said. Russians are “doing everything to ruin our agriculture potential and to provoke a food crisis not only in Ukraine but …
Oil prices slumped early Thursday, as traders absorbed reports that the U.S. is planning a hefty release of crude reserves, hours ahead of an OPEC+ meeting outcome WASHINGTON — President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation’s strategic petroleum reserve, according …
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