Germany Gets Ready For Gas Rationing
Germany has triggered phase-1 of an emergency plan for natural gas. Germany’s move comes ahead of Putin’s March 31st deadline for Gazprom and Russia’s central bank to arrange for payments Continue Reading
Netherlands Asks Citizens To Restrict Gas Consumption
The Dutch government will advise citizens and businesses to use less gas but has stopped short of activating emergency energy plans. Earlier today, Germany declared triggered the first phase of Continue Reading
Russian, German experts to discuss issue of gas payments in rubles: Kremlin
Putin briefs Germany’s Scholz on ruble switch Russian proposals for the switch to rubles due by March 31 G7 countries reject Putin demand to change to ruble payments Russian President Continue Reading
Smaller Russian plants likely to run at 50% in April
Small and medium-sized Russian refineries, which predominantly rely on exporting their products, were expected to run at around 50% capacity in April with international buyers distancing themselves from the country’s Continue Reading
Russian oil refiners signal deeper cuts to refinery runs amid overstocking
Major Russian oil refiners have told the Energy Ministry they expect to make deeper cuts to refinery runs in the coming weeks due to overstocking after a sharp drop in Continue Reading
Gazprom studies options for halting gas supplies to Europe, Kommersant reports
Russian energy giant Gazprom (GAZP.MM) is looking at options for halting gas supplies to “unfriendly” countries and evaluating the possible consequences, Russian daily Kommersant reported on Thursday citing unnamed sources. Continue Reading
EU will do ‘whatever it takes’ to rebuild solar energy manufacturing in Europe
The European Commission will do “whatever it takes” to rebuild Europe’s industry manufacturing parts for solar installations, the EU’s energy commissioner said on Thursday, as the bloc draws up plans Continue Reading
What impact would a Russian debt default have?
Russia has managed to avoid defaulting on its international debt so far despite unprecedented Western sanctions. But the task is getting harder and Moscow’s threats to cut Europe’s gas supply Continue Reading
Italian Inflation Surges to 7% on Energy Prices Stoked by War
Residential housing in the village of Montieri, Italy. Italian inflation surged to the highest in three decades as energy prices continued to rise following Russia’s invasion of Ukraine. Prices increased Continue Reading
EU Is Considering New Russian Bank Sanctions, Diplomats Say
European countries are weighing new steps to raise pressure on Russia’s economy including targeting more banks and other family members of oligarchs, say diplomats and officials familiar with discussions. The Continue Reading