Gas Infrastructure Europe (GIE) said on Tuesday that Germany has so far managed to fill more than 80% of its natural gas storage capacity, surpassing its target of 75% for September this year. The target for October 1 is to fill at least 85% of its gas storage capacity, while by November 1 it aims …
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US natural gas futures rose more than 2% on Tuesday, reaching $10 for the first time since 2008 amid continued concerns over supply disruption due to the Ukraine crisis and the global economic outlook. In its latest report, the Energy Information Administration (EIA) said gas stocks were 296 billion cubic feet (bcf) lower and 367 …
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Crude oil prices rose as concerns over supply stirred the market stability on Tuesday, following Tehran’s claims that Washington is delaying efforts to revive the Joint Comprehensive Plan of Action (JCPOA). Meanwhile, the allegations were refuted by the United States, noting that the apparent flexibility of Iran in negotiations had brought the deal closer than …
Prince Abdulaziz bin Salman prepared the market for a new round of production cuts. The Prince described the markets as being in a state of “schizophrenia”. Prince Abdulaziz: “Spare capacity is severely limited and the risk of severe disruptions remains high,”. Citing “disconnect” in the oil futures market, Saudi Energy Minister Prince Abdulaziz bin Salman …
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The Dow Jones Industrial Average index dropped over 650 points on Monday after recent remarks by Federal Reserve officials sparked concerns about the possibility that the United States economy may end up in a recession due to strong monetary tightening measures. The Dow Jones plummeted 1.90% or 640 points, pulled down by Intel, Salesforce and …
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The euro retreated against the US dollar on Monday to a five-week low to $0.99941 at 10:00 am CET, continuing in this way a downtrend that started days ago after the publication of the minutes of the Federal Open Market Committee (FOMC) meeting. Market participants are reacting to the fact that Federal Reserve policymakers may …
(Bloomberg) — A sober warning for Wall Street and beyond: The Federal Reserve is still on a collision course with financial markets. Stocks and bonds are set to tumble once more even though inflation has likely peaked, according to the latest MLIV Pulse survey, as rate hikes reawaken the great 2022 selloff. Ahead of the …
German Minister for Economy and Climate Robert Habeck said on Monday that it is likely that Russian President Vladimir Putin may further tighten gas supplies to Europe, while also adding that Berlin is ready and has good chances to endure this winter without drastic economic measures. The comment is somewhat in contrast with this politician’s …
German Economy Minister Robert Habeck underlined on Sunday, during a discussion with citizens at the government’s open-door day, that the country will not extend the lifetime of its three remaining nuclear power plants in order to save gas. “It is the wrong decision given the little we would save,” stated Habeck, adding that the nuclear …
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Gazprom will stop all gas flows to Europe via the Nord Stream pipeline from August 31 until September 2, Russia’s gas giant Gazprom announced on Friday. The reason for the 3-day suspension of gas flows via the pipeline would be due to maintenance work at the Trent 60 gas compressor station, which would be carried …
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