2022-04-05 13:45:00
THE NEW RUSSIA ENERGY SANCTIONS
PLATTS - 04 Apr 2022 - US and European leaders are in talks about additional pressure on Russian energy exports as the Biden administration prepares to impose a new round of sanctions this week, White House National Security Adviser Jake Sullivan said April 4.
Western governments are looking to tighten economic sanctions on Moscow as reports emerge of civilian killings in Ukraine.
While the US has already banned imports of Russian oil, gas and coal, it could escalate energy pressure through secondary sanctions on other countries that continue to import the supplies. Short of that, it could persuade European nations to implement a quicker phase-out of the flows.
"We want to make sure that we're able to pull together a consensus along with the rest of the European Union," Sullivan said.
Crude oil futures rose sharply April 4 on growing anticipation of new Western sanctions on Russian energy.
NYMEX May WTI jumped $4.01 to settle at $103.28/b, back above the $100/b threshold, and ICE June Brent jumped by $3.14 to settle at $107.53/b.
NYMEX May RBOB increased 4.46 cents to settle at $3.1981/gal, and May ULSD surged by 12.21 cents to $3.5461/gal. Concerns of global diesel shortages have continued to mount.
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Earlier:
2022, April, 4, 12:35:00
OIL PRICE: BRENT ABOVE $104, WTI ABOVE $99
Brent was up 63 cents, or 0.6%, to $105.02 a barrel , WTI gained $1.08, or 1.1%, to $100.35.
2022, April, 4, 12:05:00
US SELLS OIL 90 MB
The first 90 million barrels will be released between May and July, through two notices of sale totaling 70 million barrels, and 20 million barrels already scheduled to be released in May 2022.
2022, April, 1, 11:45:00
РУССКИЙ ГАЗ ЗА РУБЛИ
Владимир Путин подписал Указ «О специальном порядке исполнения иностранными покупателями обязательств перед российскими поставщиками природного газа».
2022, March, 29, 13:30:00
GLOBAL ENERGY, COMMODITY CRISIS
The sanctions against Russia are the hardest we have seen against any country to date and in particular the decision to freeze $600bn of Russian foreign reserves is a first, which will have huge consequences in the long-term.
2022, March, 29, 13:25:00
RUSSIA'S, GERMANY'S GAS DEPENDENCE
The dependence on Russian natural gas in Germany is so great that if supplies from Russia were to be stopped and the remaining quantities of natural gas distributed to Europe, Germany would have to reduce its natural gas consumption in the heating gas sector or in the industrial sector by 100 TWh per year .
2022, March, 25, 11:25:00
OPEC WARNS EUROPE
OPEC has told the EU that global energy markets would be destabilized if European countries follow through with a threat to ban imports of Russian oil,
2022, February, 21, 11:50:00
GLOBAL ENERGY CRISIS & STABILISATION
In the situation that has obtained in recent months on energy markets, it has become clear that one of the foundations of stability of the modern global world is, in the first instance, reliable energy supply, which cannot be provided without observing a reasonable balance of energy sources and an absence of discrimination against traditional sectors of the fuel and energy complex.
