Russian President Vladimir Putin assured on Monday that his country would continue to coordinate the stability of the global energy market within the framework of OPEC+ and the Gas Exporting Countries Forum (GECF), as posted by the Kremlin press service. Putin asserted that in a phone call with his counterpart, Algerian President Abdelmadjid Tebboune. Both presidents also discussed the Ukraine conflict and its global implications in other economic areas. In addition, they expressed concern over the worsening situation in the Israeli-Palestinian conflict zone, stressing the importance of intensifying international efforts to achieve a solution in the Middle East. NN: Putin is maximizing his hold over the global energy markets. Ukraine is a cheap trick. No way he is going to lose the war. And OPEC+ members are making a fortune on the spike in energy markets and commodities. Putan is not a fool he is driving the free market democracies into a depression
Putin: Sanctions against Russia failed
“The economic blitzkrieg strategy didn’t work,” Russian President Vladimir Putin says while adding that those who initiated the sanctions are paying a heavy price with inflation and unemployment growth. (Russian with English subtitles)NN: Putin is right. He would have never started this war unless he was sure Europe had no alternative…….. He is a evil genus..
Saudi Crude Oil Exports Jump To Highest Level Since April 2020
- Saudi crude oil exports jumped to 7.307 million barrels per day in February.
- Saudi crude oil exports topped the 7-million-bpd mark for the first time since the start of the pandemic.
- JODI: Saudi crude oil and oil products closing stocks in February rose by 316,000 bpd to 235.8 million barrels.
Saudi Arabia, the world’s top crude oil exporter, saw its crude exports rise in February to the highest level since the April 2020 month-long price war with OPEC+ ally Russia. In February, the Saudis exported 7.307 million barrels per day (bpd) of crude to international markets, data from the Joint Organisations Data Initiative (JODI) showed on Monday. That’s up from 6.996 million bpd in crude exports in January 2022 and the highest level of crude the Kingdom has shipped since April 2020, according to JODI, which compiles self-reported data from the countries. Saudi crude oil exports topped the 7-million-bpd mark for the first time since the start of the pandemic and the price war with Russia in March and early April 2020. Back then, the Saudis flooded the market with oil after failing to initially agree on a response to the plunge in global oil demand as countries imposed lockdowns to fight COVID. Saudi Arabia has been raising its crude oil production by over 100,000 bpd each month under the OPEC+ deal for a total of 400,000-bpd increase from all members of the pact. In the past few months leading to February 2022, Saudi Arabia had been raising slightly its crude exports each month. But the increase between January and February was more than 300,000 bpd, suggesting that the Kingdom drew more crude from elsewhere to export much more than its monthly increase in crude production. The high international crude oil prices and recovering demand probably also played a role in the higher Saudi crude exports in February. Saudi crude oil and oil products closing stocks in February rose by 316,000 bpd to 235.8 million barrels. Crude-only stocks increased to 137.149 million barrels in February from 133.742 million barrels in January but were still close to multi-year lows seen in recent months. Direct use in burning oil for power slumped to 291,000 bpd in February from 402,000 bpd in January, according to the JODI data. NN: Do not break out the Champaign just yet. This oil crises is far from over… I expect celebrations when the strategic oil reserve releases happen…. That party will end in a big hang over.
Russian oligarch Deripaska’s yacht arrives in Turkish waters
https://youtu.be/IBsvDUA2Qwc
Deripaska, founder of Russian aluminum giant Rusal RUAL.MM, has been sanctioned by the United States, European Union and Britain. He has previously called for peace. A witness saw the 73-meter (239.5 foot) yacht Clio arrive off the coast of Gocek in the Aegean coastal province of Mugla on Saturday. The Cayman Islands-flagged vessel remains in a bay off Gocek. The arrival of Clio in Turkish waters comes after two superyachts linked to Russian billionaire Roman Abramovich, who made a surprise appearance at Ukraine-Russia peace talks in Istanbul this month, docked in Turkish ports. World governments are seeking to isolate President Vladimir Putin and his allies over Russia’s invasion of Ukraine, which the Kremlin calls a “special military operation.” NATO member Turkey shares a maritime border with Ukraine and Russia in the Black Sea, has good ties with both and mediates in the conflict. It has supported Kyiv, but also opposed sanctions on Moscow, including measures against Russian billionaires. Ankara relies heavily on Russian energy imports and tourists and has emerged as a safe haven for Russians fleeing sanctions, and many have invested in Turkish property. NN: their is ALWAYS a way out…….
Russia warns U.S. to stop arming Ukraine – Washington Post
- A Russian diplomatic note told the US to stop arming Ukraine, warning of “unpredictable consequences.”
- The note was delivered to the State Department earlier this week, the Washington Post reported.
- The note was sent as the US was preparing to announce a new aid package for Ukraine.
Russia this week sent a diplomatic note to the State Department calling the US to stop sending military aid to Ukraine.The Washington Post first reported on the document, also called a demarche. “We call on the United States and its allies to stop the irresponsible militarization of Ukraine, which implies unpredictable consequences for regional and international security,” it read. The note was sent as the Biden administration readied itself to announce the latest round of aid to Ukraine – an $800 million package that includes “highly effective weapons systems.” These new capabilities include artillery systems, artillery rounds, and armored personnel carriers. I have also approved the transfer of additional helicopters,” President Joe Biden said in a Wednesday press release regarding the new aid package. “In addition, we continue to facilitate the transfer of significant capabilities from our Allies and partners around the world.” The State Department announced earlier this month the Biden administration has sent more than $1.7 billion in aid to Ukraine since the invasion started on February 24. NN: if you analyze the humiliating defeat America suffered in Viet Nam one of the factors was not stopping China from supplying the enemy. America was to afraid of dragging China into the war. Today America and the EU is supplying Ukraine with weapons. Russia will not make the same mistake. It will bomb supply lines because it knows America and NATO do not have the stomach for a fight. The popular myth is Russia is losing… A pigs ass in reality Ukraine is being pounded into submission.The fairy tale is so the masses do not realize that Ukraine is another sell out of freedom fighters in the making. Ask the Kurd’s, the freedom fighter in Syria and the Afghanistanies who bought into the US is here to save you myth…. the most recent American sellout to the Taliban of all people. You can add to the list the Iranians who risked it all thinking the US would help them overthrow the … Ayatollahs Funny how that don’t talk about that much…… Bay of Pigs anyone.
Gazprom says it continues gas exports to Europe via Ukraine
(Reuters) – Russian gas producer Gazprom continued to supply natural gas to Europe via Ukraine on Sunday in line with requests from European consumers, it said in a statement. Requests stood at 57 million cubic metres for April 17, it said. NN: For the record the EU is paying a billion dollars a day just for Russian gas. As in paid in full money received by Russia. You can wipe your ass with the stupid sanctions.. A billion dollars a day buy a lot of bombs and troops to send to Ukraine to rape pillage and plunder…… if this war continues at some point the gas flows through the Ukraine will be cut. It shows you the power of money. Russia and the Ukraine are at each others throats. Still they both continue the gas flows because they are both making money……..
Russia Says Some Buyers Agreed To Rubles-For-Gas Payments
Some of Russia’s natural gas customers have agreed to pay in rubles for Russian gas, Deputy Prime Minister Alexander Novak said on Friday. Last month, Vladimir Putin said that “unfriendly” nations should pay in rubles for natural gas. Russia had set a March 31 deadline for the countries it considers “hostile”—including the United States, all EU member states, Switzerland, Canada, Norway, South Korea, Japan, and many others—to start paying in rubles for natural gas. The EU has rejected Putin’s demands for payments in rubles, while Russia did not immediately cut off the gas supply to Europe after April 1, partly because it is dependent on revenues from gas and partly because payments for gas delivered after April 1 are not due until later this month or early May. The Kremlin has signaled the gas-for-rubles demand is just the beginning of a switch to the Russian currency for Russian exports. “We expect the decision [to switch to rubles] from other importers,” Novak was quoted by Reuters as saying at an energy ministry in-house magazine. The Russian official, however, did not disclose which buyers had agreed to pay in rubles for gas. Armenia, for example, has already started paying in rubles for Russian gas, Armenian Economy Minister Vahan Kerobyan told Russian outlet RBC in an interview published on Friday. According to the Armenian minister, the pricing of the gas is being made in U.S. dollars, but the actual payment is now being made in Russian rubles. In the EU, Hungary—whose Prime Minister Viktor Orban has been in close ties with Putin for a decade—said last week that it was ready to pay in rubles for Russian natural gas. With comments from officials over the past week, Hungary has broken ranks with the EU, which has been seeking to present a unified front in the face of Putin’s demands for rubles for Russian gas. NN: Putin’s position is solid. Europe screams that the gas contracts they signed called for payment in dollars or Euro’s. Well the deal has changed…. with them freezing Russia foreign reserves held in namely dollar and euro accounts. Its a pretty simple proposition. Pay him in FINDABLE currencies or he will not sell them his oil and gas. Unless Europe is willing to invade Russia and take over his oil and gas fields they are screwed. Since their are no replacement supplies and will not be for years to come… its time for Europe to suck it up and realize they are screwed..
Natural Gas Inventories Fall To Three Year Low
- Higher exports and elevated demand have pushed U.S. natural gas in storage to its lowest level in three years.
- Gas in underground storage in the Lower 48 states totaled 1,387 billion cubic feet (Bcf) as of the last day of March.
- The U.S. is exporting record volumes of LNG as the United States looks to help European allies with non-Russian gas supply.
Higher demand for heating and record LNG exports left U.S. natural gas in storage at the end of the winter at its lowest level in three years, after larger-than-normal storage withdrawals this past winter, the Energy Information Administration (EIA) said on Friday. Because of the higher withdrawals, by the end of March, the U.S. had the least amount of natural gas in underground storage in the Lower 48 states since 2019. Working natural gas in underground storage facilities in the Lower 48 states totaled 1,387 billion cubic feet (Bcf) as of the last day of March this year. Inventories were 17 percent lower than the previous five-year average (2017–21) for that time of year, EIA’s Weekly Natural Gas Storage Report showed on Thursday. A colder January 2022 and record-high U.S. liquefied natural gas (LNG) exports led to more withdrawals despite the fact that domestic production of natural gas increased, the EIA says. The U.S. is exporting record volumes of LNG as the United States looks to help European allies with non-Russian gas supply. Following the Russian invasion of Ukraine, the European Union and the United States announced at the end of March a deal for more U.S. LNG exports to the EU as the latter seeks to replace Russian supplies, on which it is dependent. According to the terms of the deal, the United States will deliver at least 15 billion cubic meters of liquefied natural gas to the EU this year more than previously planned, the White House said in a fact sheet. Earlier this month, U.S. shale gas and LNG producers met with delegations from several EU member states eager to boost their purchases of U.S. LNG. This eagerness could be crucial for final investment decisions on new LNG export capacity. Record LNG exports out of the U.S. have sent the benchmark Henry Hub front-month futures to above $7 per per million British thermal units (MMBtu) this week, after the price hit $6/MMBtu just last week. NN: the stupid sanctions that only to serve to pis off Europe’s Pimp Putin Sanctions on Russia coal is a publicity stunt. It serves to only increase demand and price for Natural gas. When a girl disobeyed her pump he is know to do bad things like pouring draino down her throat. Putin the pimp is pissed off because his bitch Europe did not turn on his brand new shiny pipeline. And the Ukraine war an energy prices soaring are his punishment… I think in this light what you are seeing make more sense.
Moscow: EU has no immedate alternative to buying Russian oil and gas
I want you to clearly understand the fact their is no replacement for Russian Oil and natural gas. strategic oil stockpiles will be depleted in a matter of months…. natural gas supplies could be exhausted in a matter of weeks,,, this is serious and getting worse by the day
We got the pieces in place especially with our new trading tools to turn this disaster into our greatest payday ever if i am right. I am offering you a lottery ticket….. For genuine i don’t give a shit if i lose it all risk capital
Russia’s Energy Minister Alexander Novak has argued in a newspaper editorial that it would be impossible to guarantee Europe’s energy security without relying on Russian fossil fuel imports in the medium term. “There is hardly any reasonable alternative to energy sources from Russia. Taking into account Russia’s market share, it becomes obvious that without Russian energy resources it is impossible to guarantee Europe’s energy security,” Novak wrote in an editorial for the Energeticheskaya Politika (Energy Policy) industry journal. According to Novak, it would be another five to 10 years before the EU could fully replace and gas. Neither the US nor OPEC had sufficient surplus capacity to allow Europe to end Russian energy imports in the short term, Novak argued.
“That is why the fate of European industry and the well-being of EU citizens depend entirely on the rationality of the decisions made by EU leaders,” Nowak wrote.
Russia has announced what we have warned about for years. Europe is Putin’s Bitch. He has got them by the balls and titties. And their is no escape….
In fact Putin is tattooing Property of Russia on Europe’s ass.
U.S. Natural Gas Inventories Fall To Three Year Low
- Higher exports and elevated demand have pushed U.S. natural gas in storage to its lowest level in three years.
- Gas in underground storage in the Lower 48 states totaled 1,387 billion cubic feet (Bcf) as of the last day of March.
- The U.S. is exporting record volumes of LNG as the United States looks to help European allies with non-Russian gas supply.
Higher demand for heating and record LNG exports left U.S. natural gas in storage at the end of the winter at its lowest level in three years, after larger-than-normal storage withdrawals this past winter, the Energy Information Administration (EIA) said on Friday. Because of the higher withdrawals, by the end of March, the U.S. had the least amount of natural gas in underground storage in the Lower 48 states since 2019. Working natural gas in underground storage facilities in the Lower 48 states totaled 1,387 billion cubic feet (Bcf) as of the last day of March this year. Inventories were 17 percent lower than the previous five-year average (2017–21) for that time of year, EIA’s Weekly Natural Gas Storage Report showed on Thursday. A colder January 2022 and record-high U.S. liquefied natural gas (LNG) exports led to more withdrawals despite the fact that domestic production of natural gas increased, the EIA says. The U.S. is exporting record volumes of LNG as the United States looks to help European allies with non-Russian gas supply. Following the Russian invasion of Ukraine, the European Union and the United States announced at the end of March a deal for more U.S. LNG exports to the EU as the latter seeks to replace Russian supplies, on which it is dependent. According to the terms of the deal, the United States will deliver at least 15 billion cubic meters of liquefied natural gas to the EU this year more than previously planned, the White House said in a fact sheet. Earlier this month, U.S. shale gas and LNG producers met with delegations from several EU member states eager to boost their purchases of U.S. LNG. This eagerness could be crucial for final investment decisions on new LNG export capacity. Record LNG exports out of the U.S. have sent the benchmark Henry Hub front-month futures to above $7 per per million British thermal units (MMBtu) this week, after the price hit $6/MMBtu just last week. NN: the well has gone dry…Literally. Their is no more gas to export. Pipeline and producing well capacity has been reached. Their is no more LNG cargo capacity. And it will take years to bring more production unlined