Requests for Russian natural gas deliveries for the EU via Ukraine and Slovakia on Monday reached their highest level since November 2021, sending European benchmark gas prices lower in early trade, despite the ongoing dispute over rubles-for-gas payments and Russia cutting off deliveries to Poland and Bulgaria. Daily nominations for Russian supply through Ukraine and …
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Germany said on Monday it was prepared to back an immediate European Union embargo on Russian oil, a major shift from Moscow’s biggest energy customer that could let Europe impose such a ban within days. Russia’s energy exports – by far its biggest source of income – have so far largely been exempt from international …
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EU considering embargo of Russian oil; Russian coal to be banned starting in August BERLIN — Germany says it’s making progress on weaning itself off Russian fossil fuels and expects to be fully independent of Russian crude oil imports by late summer. (NB: HA HA HA HA HA HA HA) Economy and Climate Minister Robert …
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Growth in natural gas production in the biggest producing regions in the United States is on the decline due to the lack of sufficient pipeline network, as prices soar at home alongside a major uptick in LNG exports destined for gas-thirsty Europe. Since Russia’s invasion of Ukraine in late February, U.S. natural gas prices have …
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The increase in OPEC’s oil output in April undershot the rise planned under a deal with allies, a Reuters survey found, as declines in Libya and Nigeria offset supply increases by Saudi Arabia and other top producers. The Organization of the Petroleum Exporting Countries (OPEC) pumped 28.58 million barrels per day (bpd) in April, the …
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European Union energy ministers are gathering in Brussels today for an emergency meeting. They are discussing options to maintain energy supplies and the fallout from the move by state-owned Gazprom PJSC to cut off Poland and Bulgaria. NN: we are awaiting the result of this meeting
LONDON (Reuters) -Oil prices fell on Monday as concerns about weak economic growth in China, the world’s top oil importer, outweighed fears of potential supply stress from a potential European Union ban on Russian crude. Brent crude futures fell 71 cents, or 0.6%, to $106.43 a barrel at 0801 GMT, while U.S. West Texas Intermediate …
German Economy Minister Robert Habeck stated on Monday during a press conference that the country “must continue to expect higher energy prices and as an economy” Germany will be able to endure this. The minister asserted that “Germany can handle an oil embargo,” adding, however, that “it won’t leave the country unscathed.” Habeck underscored that …
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WASHINGTON (Reuters) -Scientists and health officials by this summer should have a better sense of what type of COVID-19 booster will be needed to deal with the next phase of the pandemic and when it should be administered, top U.S. infectious disease expert Dr. Anthony Fauci said on Friday. The National Institutes of Health, where …
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The reliance of the European Union and (indirectly) the United Kingdom on Russian gas supplies has increased over the last decade. Natural gas consumption in the EU and UK remained broadly flat in aggregate over this period, but production fell by a third and the gap has been filled by increased imports. Consequently, the share …
Continue reading “The role of Russia and Ukraine’s transit in Europe’s gas supply”