Wheat jumped after Russia’s weekend attack on the seaport of Odesa raised concerns about its deal to release millions of tons of Ukrainian grain needed to boost global food supplies. Continue Reading
Millions of tons of grain held hostage by war in the ports of Ukraine appear to be inching closer to a world that desperately needs food. Three days after striking Continue Reading
European envoys debated revisionson Friday to a proposal by the EU executive that all bloc members cut natural gas use to prepare for potential Russian supply cuts, hoping for a Continue Reading
Summer nights in the wealthy Bavarian city of Augsburg this year are eerily dark and quiet: The facades of historic buildings are not illuminated, street lights are dimmed and most Continue Reading
Europe’s diesel market is plunging — from unthinkable highs to levels that would have been incredible at almost any other time in history. About a month ago, a barrel of Continue Reading
Kyiv and Moscow have struck a deal aimed at averting a global food crisis, agreeing a “de facto ceasefire” on cargo ships that will collect millions of tonnes of stranded Continue Reading
Mykhailo Poperechnyuk was driving towards the town of Nikopol, in southern Ukraine, earlier this month when he saw a barrage of Russian rockets streaking across the night sky. The missiles were Continue Reading
Russia and Ukraine signed an agreement in Istanbul on Friday to free more than 20 million metric tons of grain stuck in blockaded Black Sea ports in Ukraine, a deal Continue Reading
There are many moving parts to the grain deal Russia and Ukraine reached, which officials didn’t think was even possible until last week, not least because the war is continuing Continue Reading
-Russian gas producer Gazprom (GAZP.MM) said its supply of gas to Europe through Ukraine via the Sudzha entry point was seen at 42.1 million cubic meters (mcm) on Saturday versus Continue Reading
Ukrainian President Volodymyr Zelenskiy said a ceasefire with Russia without reclaiming lost territories would only prolong the war, according to an interview with the Wall Street Journal on Friday. He Continue Reading
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . Europe is again on edge about potential gas supply disruptions from Russia, Continue Reading
France’s biggest oil company is discounting gas it sells at its service stations across the country, a novel move by one of the world’s largest energy firms amid pressure from Continue Reading
Top two refiners suspend purchase of Russian crude Russian coal imports plunge 60%, LNG imports hike 26% in June Japan’s Russian crude oil imports fell to zero in June, while Continue Reading
Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage, the operator said, allaying Europe’s immediate winter supply fears after President Vladimir Putin had Continue Reading
A missing turbine that Moscow says has caused the Nord Stream 1 pipeline to pump less gas to Europe is stuck in transit in Germany because Russia has so far Continue Reading
Ukraine, Russia, Turkey and U.N. Secretary-General Antonio Guterres will sign a deal on Friday to resume Ukraine’s Black Sea grain exports, Turkish President Tayyip Erdogan’s office said on Thursday. Russia Continue Reading
After calling on all member states to reduce gas consumption by 15% in the face of the threat of a complete Russian gas cutoff, the IEA says the European Union Continue Reading
Further cracks in a united front to tackle an energy crisis in Europe have arisen Thursday, with Spain, Portugal and Greece rejecting the bloc’s plan to reduce natural gas consumption Continue Reading
Novak: Russia will not pump oil at a loss. The United States hopes that there will be an agreement on capping the price of Russian oil by December. Russia’s exports Continue Reading
Containers are loaded onto a ship at the port of Rotterdam, Netherlands, September 11, 2018. The war in Ukraine led to large increases in the amount of liquefied natural gas Continue Reading
Ukrainian Black Sea ports for grain exports, Turkey said, raising hopes that an international food crisis aggravated by Russia’s invasion can be eased. Ukraine and Russia, both among the world’s Continue Reading
Signage is seen outside of the U.S. International Trade Commission in Washington, D.C., U.S., A tanker carrying a liquid fertilizer product from Russia is about to arrive in the United Continue Reading
Eurozone business activity has gone into reverse for the first time since February 2021 after companies were hit by falling orders and rising prices, fuelling economists’ expectations of a recession Continue Reading
ESPO crude grade gains popularity in China. ESPO goes for around $1-$2 discount per barrel to the international benchmark Brent. High demand for the cheaper Russian crude relative to rival Continue Reading
Highlights Moscow’s shipped crude exports fall 300,000 b/d on month EU remains a key buyer of Russian oil in July Russian oil products head to Fujairah storage hub Russian seaborne Continue Reading
Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage, the operator said, allaying Europe’s immediate winter supply fears after President Vladimir Putin had Continue Reading
Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage, the operator said, allaying Europe’s immediate winter supply fears after President Vladimir Putin had Continue Reading
European Union leaders are bracing for the shock of Russia turning off the gas taps and Brussels has given member states a 15% voluntary demand reduction target to prepare for Continue Reading
A three-way summit meeting in Tehran between the leaders of Russia, Iran and Turkey sent a clear signal that Vladimir Putin is pushing back against ostracism from the West. President Continue Reading
Ahead of Russian President Vladimir Putin’s visit to Iran on Tuesday, his second foreign trip since he invaded Ukraine in February, Russian Gazprom and the National Iranian Oil Company have Continue Reading
The European Union is set to propose a voluntary 15% cut in natural gas use by member states starting next month on concern Russia may halt supplies of the fuel. Continue Reading
– Russian gas flows via the Nord Stream 1 pipeline are seen restarting on time on Thursday after the completion of scheduled maintenance, two sources familiar with the export plans Continue Reading
Russian President Vladimir Putin signaled that Europe will start getting gas again through a key pipeline, but warned that unless a spat over sanctioned parts is resolved, flows will be Continue Reading
The European Union will set out emergency plans on Wednesday to curb gas usage after President Vladimir Putin warned the bloc that Russian supplies sent via the biggest pipeline to Continue Reading
June Russian oil imports 1.77 mln bpd, +9.5% y/y Saudi No.1 supplier for H1 at 1.75 mln bpd; Russian 1.67 mln bpd H1 imports from Angola -14% y/y, Brazil -23% Continue Reading
Cool air for 24 hours can set back cash-strapped UK consumers more than £18 ($22) as energy costs soar. And with the country experiencing temperatures in excess of 40 degrees Continue Reading
Mariupol has been occupied by Russian forces for several weeks Russia plans to annex more Ukrainian territory using a similar “playbook” to its takeover of Crimea, the US says. Citing Continue Reading
Russia’s Gazprom has told customers in Europe it cannot guarantee gas supplies because of ‘extraordinary’ circumstances, according to a letter seen by Reuters, upping the ante in an economic tit-for-tat Continue Reading
Germany may extend the life of its three remaining nuclear power plants, the economy ministry said on Monday, as public support rises in the face of a possible cut-off of Continue Reading
As a deadline approaches for Russia to resume supplying natural gas to Germany this week, European officials and executives are growing concerned about a cascading economic fallout that would spread Continue Reading
Gazprom has declared force majeure on gas deliveries to at least one major customer in Europe, which would protect the Russian giant from compensation payments for unrealized deliveries, Reuters reported Continue Reading
Gazprom Declares Force Majeure on European Gas Buyers A halt of Russian gas supplies to the European Union could potentially reduce its gross domestic product by as much as 1.5% Continue Reading
chemical association VCI on Tuesday, which warned that the only steps left for the industry would be to scale back or abandon production altogether. “For our companies, we are currently Continue Reading
Ukraine’s farmers will plant up to two-thirds less wheat later this year if the country’s main export route is still blocked, prolonging the global food crisis, its agriculture minister predicted. Continue Reading
Brussels is preparing to tell EU members to cut gas consumption”Immediately”, warning that without increased conservation the continent risks running short of fuel this winter as Russia restricts supplies. The Continue Reading
Tanker owners in Europe are shipping as much Russian crude as possible before energy sanctions against Moscow take effect in December. Since Russia’s invasion of Ukraine in February, Western nations have pledged to Continue Reading
Europe needs to drastically slash natural gas consumption in the next few months to prepare for what is likely to be “a long, hard winter,” the head of the International Continue Reading
Temperatures in London and the south of England might hit a record-setting 40° Celsius (104° Fahrenheit) next week, hotter than the forecast in Madrid, Rome or Marseille. The English may Continue Reading
Russian fuel oil exports to Saudi Arabia rose almost twofold during the second quarter as the Saudis sought to free up more local crude for export while using the discount Continue Reading
