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Putin tells Europe: You still need Russian gas but we’re turning east
President Vladimir Putin said on Thursday (14 April) that Moscow would work to redirect its energy exports eastward as Europe tries to reduce its reliance on them, adding that European nations would not be able to ditch Russian gas immediately.
read more... 18/04/2022
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Supply unease underpins coal prices
European coal prices were little changed in Thursday trading as an imminent sanction-related halt to Russian supply continued to unnerve market participants and there were signs of limitations to alternative South African exports.
read more... 15/04/2022
Daily (11.04.2022): The German Cal23 power contract jumped to an all-time high on Friday on Russian coal ban
Crude oil prices gained ground on Friday as increased concerns about reduced Russian exports counterbalanced increased supply to the market from emergency reserves. Brent crude soared by $2.20, or 2.19%, to settle at $102.78 a barrel. U.S. WTI crude increased by $2.23 to $98.26 a barrel.
read more... 11/04/2022
Daily (08.04.2022): European carbon prices soared by 3.6% on Thursday amid strong auction
Oil prices extended losses for the third day in a row on Thursday amid uncertainty that the eurozone will be able to effectively penalize Russian energy exports and after consuming nations announced a large release of oil from emergency reserves. The coronavirus outbreak in Shanghai that has forced a lockdown in China's second-largest city put further pressure on prices. Hence, Brent crude slipped by 49 cents, or 0.5%, to settle at $100.58 a barrel. U.S. WTI crude lost 20 cents, or 0.6%, to settle at $96.03 a barrel.
read more... 08/04/2022
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Moscow hardens stance on rouble gas payments from Europe
Russia is working out methods for accepting payments for its gas exports in roubles and it will take decisions in due course should European countries refuse to pay in the Russian currency, the Kremlin said on Monday (28 March).
read more... 29/03/2022