UK Gas Output Stagnation Threatens Supply
The UK’s natural gas industry is struggling to boost production, and this will likely make the country more reliant on imports, industry association Offshore Energies UK said this week, as Continue Reading
Germany declares first early warning level in national gas emergency plan
Highlights First of three stages of emergency plan: BMWK Comes amid threat from Russia to cut supply Germany rejects payment in Rubles demand Germany has declared a first early warning Continue Reading
Unsold Oil Forces Russian Operator To Cap Pipeline Flows
Transneft, the Russian oil pipeline operator, has informed local oil companies that it would be capping the intake of yet-to-be-sold crude because of full storage as buyers in the West Continue Reading
Russian steel demand may slump 30% in 2022: steelmakers association
Russian steel market was expected to grow 2%-3% on year prior to the war Logistical challenges make rerouting steel volumes to Asia costly Eastern railway network overburdened, Northern Sea route Continue Reading
Russian pipeline operator Transneft restricts oil intake as storage builds: report
Russian pipeline operator Transneft is restricting oil intake into its network as storage levels build, Reuters reported on March 29. Transneft declined to comment on the report when contacted by Continue Reading
Japan to ban Russia-bound exports of luxury cars, goods from April 5
Japan will ban the export of high-end cars and other luxury goods to Russia in its latest response to the Russian invasion of Ukraine, the trade ministry said on Tuesday. Continue Reading
Russian supply chains next in line for sanctions – U.S. Treasury’s Adeyemo
The United States and its allies plan new sanctions on more sectors of Russia’s economy that are critical to sustaining its invasion of Ukraine, including supply chains, Deputy U.S. Treasury Continue Reading
A new EU partnership could triple U.S. exports of liquified natural gas
Europe’s super serious about dumping Russian natural gas. And the big winner will be U.S. LNG. On March 25, President Biden and European Commission head Ursula von der Leyen took Continue Reading
Russian gas flows to Europe remain steady
Russian gas deliveries to Europe on three key pipeline routes were broadly steady on overall on Tuesday morning, little changed from Monday evening. Flows to Germany through the Nord Stream Continue Reading
War knocks French, German consumer morale back more than expected
France and Germany saw bigger than expected drops in consumer confidence this month as government measures to help with rising inflation and fuel costs offered little relief in the wake Continue Reading