Gas
2022, August, 19, 09:10:00
EUROPEAN GAS PRICES RECORD
Europe is engulfed in an energy crisis fanned by limited supplies from Russia, as well as increased demand amid recovery from the pandemic and a hot and dry summer that has increased the need for cooling.
2022, August, 19, 09:05:00
U.S., EUROPEAN GAS PRICES UP
Gas markets in Europe jumped 6 per cent on Wednesday to €236 a megawatt hour, taking the week’s gains so far to 14 per cent. The latest price was equivalent in energy terms to almost $400 a barrel of oil,
2022, August, 19, 09:00:00
GERMANY'S RECESSION PROSPECTS
“The still high increase in consumer prices and the expected additional costs for heating and electricity are currently having a particularly negative impact on the prospects for the consumer-related sectors of the economy,” said Michael Schröder, a researcher at the ZEW.
2022, August, 19, 08:55:00
RUSSIAN GAS TO EUROPE DOWN BY 70%
European countries imported on average approximately 400 million cubic meters of gas per day from Russia during the January to July period last year, but imports dropped to 240 million cubic meters per day for the January-July period this year.
2022, August, 19, 08:45:00
GAZPROM'S PRODUCTION IS 13% LESS
According to preliminary data, Gazprom produced 274.8 billion cubic meters of gas from January 1 through August 15, 2022. This is a decrease of 13.2 per cent (or 41.7 billion cubic meters) versus the same period of last year.
2022, August, 16, 14:20:00
EUROPEAN GAS PRICES RISE
Benchmark futures increased as much as 6.5%, after settling 6.8% higher on Monday.
2022, August, 16, 14:15:00
RUSSIAN GAS FOR HUNGARY UP
Hungarian foreign minister Peter Szijjarto had traveled to Moscow in late July in an attempt to secure 0.7 Bcm of gas from Russia in addition to the 4.5 Bcm/year of gas it contracted to buy in September 2021.
2022, August, 15, 12:30:00
EUROPEAN HUNGRY WINTER
When Russia invaded Ukraine in March, things went from tightness of supply to impending disaster. Russia, through a complex network of pipelines, is the principal supplier of natural gas to Europe and all petroleum products to Germany. Now it has curtailed normal flows.
2022, August, 15, 12:25:00
EUROPEAN ENERGY APOCALYPSE
Berlin is already under serious pressure after Russia cut flows through Nord Stream 1, the key connector with Europe, which is currently running at just 20 per cent capacity.
2022, August, 15, 12:20:00
RUSSIA NEED GUARANTEES
"Russia needs official confirmation that this and other turbines, which require routine maintenance and repair, will not fall under the sanctions of the EU, Canada and the UK," it said.
2022, August, 15, 12:10:00
SAUDI ARAMCO NET INCOME UP TO $87.9 BLN
The Saudi Arabian Oil Company (“Aramco” or “the Company”) announced its financial results for the second quarter of 2022, posting a 90% year-on-year (YoY) increase in net income
2022, August, 12, 08:55:00
OIL PRICES 2022-23: $105 - $95
The spot price of Brent crude oil averaged $71 per barrel (b) in 2021, and we forecast the Brent price will average $104/b in 2022 and $94/b in 2023.
2022, August, 12, 08:50:00
RUSSIAN GAS FOR EUROPE DOWN
Russia’s natural gas exports by pipeline to the European Union (EU) and the United Kingdom (UK) declined by almost 40% during the first seven months of 2022 compared with the same period in 2021 and by almost 50% compared with the previous five-year (2017–21) average,
2022, August, 12, 08:40:00
GERMANY'S HARD WINTER
With nearly half of German homes relying on gas for heating, the country faces potential rationing if it fails to secure sufficient reserves.
2022, August, 12, 08:35:00
LIMITED RUSSIA SANCTIONS
Russian oil production in July was only 310,000 b/d below prewar levels, a fall of less than 3 per cent, while total oil exports were down about 580,000 b/d, according to the IEA’s latest monthly oil report.