Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke LONDON, March 18 (Reuters) – Russian gas deliveries Continue Reading
A gas installation is pictured at a Gaz-System gas compressor station in Rembelszczyzna, outside Warsaw October 13, 2010. REUTERS/Kacper Pempel EU wants to reduce Russian gas imports by two thirds Continue Reading
Russian oil market participants have switched their trading tactics, favouring private deals over public offerings due to new Western sanctions, traders said on Thursday. About a quarter of Russian oil Continue Reading
The logo of the Nord Stream 2 gas pipeline project is seen on a large diameter pipe at the Chelyabinsk Pipe Rolling Plant owned by ChelPipe Group in Chelyabinsk, Russia, Continue Reading
As they switch off the lights in Moscow, the world’s top banks face a risk-ridden retreat, juggling obligations to anxious clients and staff while complying with sanctions that have rewritten Continue Reading
Russian dollar bonds rose, and the cost of insuring the nation’s debt against default dropped after people familiar with the matter said funds earmarked for interest payments on the Russian Continue Reading
As retreats from Moscow go, those by tobacco companies since the invasion of Ukraine are rather halfhearted. While other brands have closed operations and left the country, the makers of Continue Reading
Seaborne crude oil exports from Russia have been higher so far this month compared to February. Petro-Logistics sees the first signs that “a bit more oil” is heading to China, Continue Reading
Corn export estimates cut by 6 mil mt, wheat cut by 3 mil mt Raises corn, wheat carryover stocks estimate for 2021-22 India, US, EU, Brazil may offset Black Sea Continue Reading
Russia’s energy ministry is proposing to defer the planned completion of refinery upgrades because of sanctions announced after Russia’s invasion of Ukraine . Not registered? Receive daily email alerts, subscriber Continue Reading
Britain’s media regulator said on Friday it has revoked Russian-backed television channel RT’s licence to broadcast in the UK with immediate effect after a probe into the impartiality of its Continue Reading
Oil rose amid a broader rally in stocks after a three-day slide, with investors continuing to weigh the fallout from Russia’s invasion of Ukraine and Covid-19 lockdowns across top crude Continue Reading
Oil prices will remain higher than $100 per barrel in the coming months, reflecting the geopolitical risk from Russia’s war in Ukraine and the tight energy markets with the current Continue Reading
StanChart: key fundamentals are largely unchanged and are also subject to an unusually high level of uncertainty. The sharp decline in crude prices was triggered by a strong bout of Continue Reading
IEA: large-scale supply disruptions are increasingly likely as a result of sanctions on Russia. IEA: Global oil demand growth will decline due to a slowdown in economic growth. The IEA Continue Reading
Rallying energy commodity prices are expected to drive up primary energy expenditures globally to a record 13 percent of world gross domestic product (GDP), comparable to the energy cost levels Continue Reading
The International Energy Agency has revised lower its global refinery throughput estimates for this year following Russia’s invasion of Ukraine , in its latest monthly report March 16. Not registered? Continue Reading
Figures showing a global rise in COVID-19 cases could herald a much bigger problem as some countries also report a drop in testing rates, the WHO said on Tuesday, warning Continue Reading
Iran has defied Western powers by converting some of its uranium enriched to near weapons-grade into a formless easily recovered, diluted and shipped out of the country, a report by Continue Reading
Saudi Arabia’s new personal data protection law would discourage foreign investment in the world’s top crude exporter which looks to diversify from oil with tech and digital hubs, the U.S. Continue Reading
Prime Minister of Iraq Mustafa Al-Kadhimi and Iraq’s Kurdish Region Government Prime Minister, Masrour Barzani visit damaged areas after a missile attack by Iran’s Islamic Revolutionary Guard Corps (IRGC) during Continue Reading
Highlights Exports climbed to reduce inventories Inventories had built up under previous administration Petrochemicals industry also used some stockpiles Iran has increased its natural gas condensates exports under the new Continue Reading
From his job as a Cairo doorman, Mahmoud Farag earns 1,500 Egyptian pounds ($95) each month but it’s no longer enough to adequately feed his family of five. Food prices Continue Reading
West pressing Saudi to use capacity to pump more oil Saudi, UAE still sticking to OPEC+ oil deal with Russia Riyadh threatens to shift some oil sales away from dollar Continue Reading
India’s central bank is in initial consultations on a rupee-rouble trade arrangement with Moscow that would enable exports to Russia to continue after western sanctions restricted international payment mechanisms. The Continue Reading
Guyana is going through an impressive oil boom, with the country on track to produce over a million barrels per day by 2030. Unfortunately, the small country’s production will take Continue Reading
The Chinese zero-COVID policy has been spooking the oil market several times over the past two years. China locked down all 17.5 million residents in the business hub Shenzhen. Chinese Continue Reading
Highlights Russian producers seek ways to offer financial support Payment concerns grow, China takes a step back North Asian refiners under pressure to cut runs Crude oil from Far East Continue Reading
China port stocks hit record high after Lunar New Year Domestic steel production seen recovering in Q2 The discount of China’s iron ore portside prices to seaborne prices has narrowed Continue Reading
Coal-fired power plant outages come amid low LNG stocks Spot electricity price surges on power plant outages All units at ENEOS’ Sendai, Chiba refineries shut A magnitude 7.4 earthquake occurred Continue Reading
COVID-19 cases highest since the beginning of pandemic Buyers bidding up to $20/mt lower than offers: sources Indonesian coal supply tight, providing floor to prices Chinese thermal coal demand is Continue Reading
Shenzhen city in China, a key technology and manufacturing hub that had halted operations of companies to tackle rising COVID-19 cases, will allow them to resume work and production in Continue Reading
The Federal Reserve lifted its key interest rate by a quarter of a percentage point on Wednesday as policymakers took their first decisive step toward trying to tame rapid inflation by raising Continue Reading
A surge in coronavirus infections in Western Europe has experts and health authorities on alert for another wave of the pandemic in the United States, even as most of the country has done Continue Reading
As oil prices soared well above $100 after Russia’s invasion of Ukraine, the airline industry was bracing for demand destruction as jet fuel prices climbed. Following two years of COVID-related Continue Reading
Upstream M&A deal flow could hit the highest in years in 2022 if commodity prices hold steady. Companies like Continental Resources, Pioneer Natural Resources, Diamondback Energy, Devon Energy, and EQT Continue Reading
More than half of all Americans have found the price of gasoline a “very serious problem” or “somewhat serious problem” according to new polling data . A new Quinnipiac poll Continue Reading
Methane emissions from coal mines worldwide exceed those from the global oil or gas sectors and are significantly higher than prior estimates by the Environmental Protection Agency and the International Continue Reading
Russia’s invasion of Ukraine has largely stalled on all fronts, with Russian forces suffering heavy losses and making minimal progress on land, sea or air in recent days, British military Continue Reading
Russian government websites are facing unprecedented cyberattacks and technical efforts are being made to filter foreign web traffic, the TASS news agency cited the digital ministry as saying on Thursday. Continue Reading
EU environment ministers will assess their progress on negotiating a raft of new climate change policies on Thursday, with countries divided over whether soaring energy prices should speed up or Continue Reading
In a televised address on March 16, Russian President Vladimir Putin said Western powers have subjected his country to an “ economic blitzkrieg ” of sanctions. But for Russia watchers Continue Reading
The stark disparity between offshore and local ruble prices underscores just how scarce liquidity has become when trading Russia’s currency overseas. The offshore ruble was indicated around 95 per dollar Continue Reading
In 1990, about 30,000 Russians braved the January frost to line up in Moscow’s Pushkin Square. The payoff for the hourslong wait was the first taste of burgers and fries Continue Reading
Vladimir Putin has vowed to raise Russia’s minimum wage and the salaries of all public sector workers as part of measures designed to cushion western economic sanctions triggered by his Continue Reading
In 36 days of fighting on Iwo Jima during World War II, nearly 7,000 Marines were killed. Now, 20 days after President Vladimir V. Putin of Russia invaded Ukraine, his Continue Reading
Rising temperatures in Europe are providing some much-needed relief as the region continues to reel from high energy prices. Europe’s critical natural gas restocking period is about to begin, but Continue Reading
The Chernobyl nuclear facility could be close to a new nuclear accident as Ukrainian personnel at the plant are held hostages by Russian troops and are running out of food Continue Reading
We naturally focus on metals and energy issues when reviewing the Russian invasion of Ukraine. However, metals and energy are not the only commodities or products Russia and Ukraine export Continue Reading
Oil prices rose as much as $3 on Wednesday, bouncing back after earlier declines, as Russia’s invasion of Ukraine continues to stoke volatile trading with ceasefire talks the latest market Continue Reading
