Highlights Marine fuel supply tightness to last into 2022 Wide Hi-5 spread incentivizes scrubber installation Record LNG prices drive high sulfur fuel oil consumption Rising refinery costs impact feedstock demand Continue Reading
Gazprom has traditionally been cautious in its budget estimates. Gazprom PJSC’s 2022 budget took a typically prudent view of gas prices, despite record-high energy costs in its main export market Continue Reading
President Vladimir Putin said on Tuesday that Russia had no room to retreat in a standoff with the United States over Ukraine and would be forced into a tough response Continue Reading
European gas prices hit a new record high on Tuesday after a pipeline that brings Russian gas to Germany switched to flow east, a move the Kremlin said had no Continue Reading
European Power Prices Surge as Deep Freeze Arrives Germany is set to close almost half of its nuclear power capacity before the end of the year, putting further strain on Continue Reading
Stepping onto a podium in heavy boots and military fatigues at a ceremony outside Moscow, six teenagers accepted awards for an increasingly important discipline in Russia: patriotism. For days, students Continue Reading
A Shortage of natural gas, nuclear outages, declining wind power output, and cold weather boosted power prices in Europe this week The price at the Dutch TTF hub soared some Continue Reading
Europe’s energy crisis deepened Dec. 21 as spiraling gas prices pushed European electricity contracts to unprecedented highs. German Cal-2022 baseload power jumped 25% on the day to settle at Eur315.00/MWh. Continue Reading
Poland wants the European Union to allow it to cut the value-added tax (VAT) on engine fuel to soften the blow from surging inflation, the prime minister said on Wednesday. Continue Reading
European gas and power prices eased after surging to a fresh record on Tuesday as Russia keeps shipments to Europe capped. Russian gas flows into Germany’s Mallnow compressor station remained Continue Reading
