LAST UPDATE: 17:40 Losses in the main European stock markets intensified on Thursday as investors weighed the European Commission’s new economic forecasts as they digested a surge in US inflation and Italy teetered on the brink of anarchy. In particular, the pan-European Stoxx 600 index fell 1.7% to 405.4 points, with most sectors in negative […]
Tag: Europe
European stock markets erased losses and closed with gains
The European stock markets ended Tuesday’s session mainly with gains, reversing the losses recorded earlier, with investors, however, continuing to closely monitor the euro-dollar exchange rate and macroeconomic data, while also waiting for data on the US inflation on Wednesday. It is noted that earlier on Tuesday, the common European currency slipped to absolute parity […]
The gas crisis in Europe is worse than it seems
By Javier Blas European gas prices are still well below the all-time high reached in March. However, they point to a more prolonged disruption than markets expected in the immediate aftermath of Russia’s invasion of Ukraine. While the gas market had then discounted a short-term crisis that would last a few months, it is now […]
Kazakhstan oil: Putin’s new ‘energy weapon’
By Julian Lee Russia is threatening to use oil from neighboring Kazakhstan as a weapon against European countries that support Ukraine. A court order this month to close the Black Sea export terminal for a month is a clear warning to Europe about the leverage Russia has. On Tuesday, a Russian judge in the city […]
Natural gas is falling – At 170 euros per megawatt hour
LAST UPDATE: 13.21 European natural gas fell after Canada said it would return a turbine for Russia’s Nord Stream 1 pipeline to Germany, raising optimism that tensions with Moscow will ease, Bloomberg reported. In particular, the Dutch contract – the European benchmark – fell 2.7% to 170.41 euros per megawatt hour. It is noted that […]
Natural gas is falling – At 163 euros per megawatt hour
European natural gas fell after Canada said it would return a turbine for Russia’s Nord Stream 1 pipeline to Germany, raising optimism that tensions with Moscow will ease, Bloomberg reported. In particular, the Dutch contract – the European benchmark – fell 6.9% to 163 euros per megawatt hour. It is noted that last week it […]
Natural gas is falling – At 169 euros per megawatt hour
LAST UPDATE: 11.45 European natural gas fell after Canada said it would return a turbine for Russia’s Nord Stream 1 pipeline to Germany, raising optimism that tensions with Moscow will ease, Bloomberg reported. In particular, the Dutch contract – the European benchmark – fell 3.6% to 169 euros per megawatt hour. It is noted that […]
Countdown to Europe’s energy self-sufficiency – Nord Stream 1 maintenance has begun
By Haris Fludopoulos The countdown to Europe’s energy security has begun as the Nord Stream 1 pipeline, which supplies natural gas to Germany and, by extension, central Europe, has been closed for maintenance since today. However, Russia has already in the last few days reduced the flow of gas to just 40% of the pipeline’s […]
M. Schinas: Europe’s position will depend on the answer that Erdogan will give about the future of Turkey and his own
“As a consequence of the war and not only, the ingredients of a perfect storm are accumulating. And indeed in areas that we Europeans had forgotten. Generations of Europeans had forgotten what inflation meant, they had forgotten what high energy prices meant,” pointed out the vice-president of the European Commission, Margaritis Schinas , speaking on […]
Gas Rally Halts – Down 7.9%
European gas prices halted their rally on Wednesday as Norway’s oil and gas unions agreed to end strike action while Germany took steps to ease its supply shortage, Bloomberg reported. Against this backdrop, the Dutch contract – the European benchmark – fell as much as 7.9% to 152 euros per megawatt hour, after five days […]
