LAST UPDATE: 17.27 European nations should thank Turkey that they can still import Russian gas through the TurkStream pipeline, Russian President Vladimir Putin said on Friday, shortly before his meeting with his Turkish counterpart, Tayyip Erdogan. The statements were made from Sochi, a Russian resort on the Black Sea, which is hosting the meeting of […]
Tag: Europe
Natural gas prices in Europe are headed for a third week of growth
European gas prices are on course for a third weekly gain as continued worries about Russian supply raise the risk of shortages, Bloomberg reports. Dutch natural gas futures, the European benchmark, are 5.9% higher this week, adding to last week’s rise when Moscow cut supplies through the main Nord Stream pipeline to just 20% of […]
European markets closed with gains – ‘Jump’ 43% for Avast
European stock markets ended the session with gains on Wednesday, as the “bloodless”, finally, visit of the speaker of the US House of Representatives, Nancy Pelosi, to Taiwan and encouraging macroeconomic data from the other side of the Atlantic opened the appetite today of investors for placements. It is noted that Pelosi’s visit to Taiwan […]
Why the EU’s gas plan is not enough in the face of Putin’s blackmail
By the Bloomberg Opinion Editorial Team By all indications, Russian President Vladimir Putin is using energy exports as a weapon to divide Europe and undermine its support for Ukraine. The European Union’s response earlier in the week is unlikely to change his plans. Time to find a more effective solution is running out. Russia’s state-owned […]
EU Energy Policy Officer: No Technical Reasons For Russia To Further Reduce Nord Stream Flows
The person in charge of the energy policy of the European Union (EU), Kadri Simsonsaid on Tuesday that there is no technical reason for Russia to further reduce gas flows from Nord Stream 1. Featured Statements “We have to be prepared for supply cuts from Russia at any time“. “We hope to reach an agreement […]
Moody’s downgrades growth forecasts for the US and European economies
In the latest reports published on Tuesday, Moody’s Investors Service cuts US and European GDP growth forecasts for 2022 and 2023. now wait US real GDP growth of 2.1% in 2022 and 1.3% in 2023below May forecasts of 2.8% and 2.3%, respectively. Tightening monetary and financial conditions to reduce stubbornly high inflation will slow economic […]
In Europe next week, the US deputy secretary of state for new sanctions against Russia
US Deputy Treasury Secretary Wally Adejemo will visit Paris and Brussels next week to meet with his counterparts and discuss ways to strengthen sanctions imposed on Russia in response to its invasion of Ukraine, according to today’s announcement of the US Department of the Treasury. Adejemo will also discuss additional financial aid to Ukraine that […]
German press: Europe depends on Russian energy far more than Moscow depends on revenue
German newspapers focus on the Nord Stream 1 pipeline reopening, the ECB’s interest rate hike to 0.5% and the impact of Draghi’s resignation. The German press is commenting extensively on Russia’s decision to resume the flow of natural gas via Nord Stream 1 to Germany: The Süddeutsche Zeitung observes under the title “Gas, now”: “In […]
Natural gas posted a 5.2% gain
LAST UPDATE: 12.05 European natural gas prices rose as Russian supply via Nord Stream 1 remained the focus of traders’ attention, despite shipments remaining flat for a second day. Against this backdrop, the Dutch contract – the European benchmark – rose 5.2% to 163.76 euros per megawatt hour. Earlier, it “touched” a rise of up […]
Euromarkets: Nervousness in wake of rising interest rates
Nervousness prevails on major European stock markets as investors weigh the European Central Bank’s monetary policy in the wake of yesterday’s interest rate hike. In particular, the pan-European Stoxx 600 falls 0.22% to 423.45 points while the other pan-European Stoxx 50 loses 0.29%. On the rest of the board, the German DAX falls 0.26%, the […]