The Swiss trading arm of Russian energy giant Lukoil (LKOH.MM) has scaled back operations after the oil company cut its supply of capital to guarantee nearly $1 billion in margin calls in Continue Reading
The European Union and the United States are set to unveil a deal on Friday to supply Europe with more U.S. liquefied natural gas (LNG), sources told Reuters, as the Continue Reading
German utilities on Thursday said their country needed an early warning system to tackle gas shortages, a day after Russia ordered the switch of contract payments to roubles, raising the Continue Reading
Russia’s economy is on course to contract in two consecutive years for the first time since the collapse that followed the Soviet breakup three decades ago, according to a Bloomberg Continue Reading
European natural gas fell in anticipation of more liquefied natural gas supplies heading to the continent from the U.S. Benchmark gas futures declined 7%, after settling 4.6% lower on Thursday. Continue Reading
President Vladimir V. Putin’s demand on Wednesday that “unfriendly countries” like the United States, Britain and the European Union members pay for Russian natural gas in rubles has raised questions as to Continue Reading
OPEC: EU oil embargo on Russia to hurt consumers. OPEC+ and OPEC have not officially commented on the Russian invasion of Ukraine. Nothing is off the table about additional EU Continue Reading
The association of German utilities is calling on the federal government to create a system for early warning about a potential drop in gas supply, noting that there are “serious Continue Reading
As part of drafting contingency plans to meet natural gas demand, the European Union is currently assessing all scenarios, including the possibility of a halt in Russian gas supply to Continue Reading
Earlier this week, we quoted the heads of some of the world’s biggest independent energy trades, who spoke at the FT Commodities Global Summit in Lausanne, Switzerland and unveiled a Continue Reading
