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Tag: Gas

EUR/USD: Sustained break below parity looks a week away – Westpac

EUR/USD: Sustained break below parity looks a week away – Westpac EUR/USD: Sustained break below parity looks a week away – Westpac

The eurozone economy faces a summer of energy unrest And, with the Nord Stream pipeline shut down for maintenance from July 11 to July 21, the temperature may rise even higher. A sustained break below parity appears to be a week awayaccording to economists at Westpac. The European Central Bank will begin the process of […]

Germany and Italy: Cut off Russian gas supply would significantly weaken growth and fiscal metrics – Moody’s

Germany and Italy: Cut off Russian gas supply would significantly weaken growth and fiscal metrics – Moody’s Germany and Italy: Cut off Russian gas supply would significantly weaken growth and fiscal metrics – Moody’s

“Looking at Germany and Italy, the immediate economic fallout from Russia’s plan to tighten supply in mid-June is likely to be limited.“, the global rating agency Moody’s said late on Wednesday. Additional comments Russian gas cuts will prevent reserves from building up quickly before the winter season. If Russian supplies don’t start when Nord Stream […]

EUR/USD remains at risk of a break below parity – ING

EUR/USD remains at risk of a break below parity – ING EUR/USD remains at risk of a break below parity – ING

EUR/USD heavily tested the parity level on Tuesday. In the opinion of ING analysts, risks of a break below parity remain high. Uncertainty around reduced gas supply by Russia will impede a recovery “The dollar should remain firm today around the US CPI release. A big jump in inflation (not our base case, but possible) […]

IEA: Global demand for natural gas will grow slowly in coming years

IEA: Global demand for natural gas will grow slowly in coming years IEA: Global demand for natural gas will grow slowly in coming years

In its latest report on the gas market, The International Energy Agency (IEA) warns that global natural gas demand growth will likely contract slightly in 2022 and will continue its downward trend for the next three years. The dire prospects for gas consumption are based on the fact that the war between Russia and Ukraine […]

UK plans to cut gas pipelines to EU if Russian gas crisis escalates – FT

UK plans to cut gas pipelines to EU if Russian gas crisis escalates – FT IEA: Global demand for natural gas will grow slowly in coming years

The The UK is prepared to cut off gas supplies to mainland Europe should it be hit by a severe shortage.as reported on Tuesday by Financial Times (FT). Highlights The UK to cut two-way interconnections with Belgium and the Netherlands in case of severe shortage. Cutting off so-called interconnecting pipelines would be one of the […]

Germany: From now on gas is scarce in the country – Robert Habeck

Germany: From now on gas is scarce in the country – Robert Habeck Germany: From now on gas is scarce in the country – Robert Habeck

German Economics Minister Robert Habeck declared on Thursday that from now on gas is scarce in the country. Additional comments The current situation should not lull us into a false sense of security. Now we are asked to reduce gas consumption, ahead of winter. He wants to underline that this situation was always a threat. […]

Germany enters the second phase of the emergency plan for gas – Ministry of Economy

Germany enters the second phase of the emergency plan for gas – Ministry of Economy Germany enters the second phase of the emergency plan for gas – Ministry of Economy

The Ministry of Economy declared on Thursday the second phase of the emergency plan for gas due to the cut off from Russia and high prices. Additional comments The Government will not activate the clause that allows companies to pass on price increases at this time. Security of supply is currently guaranteed, but the situation […]

We see problems being created for investments in oil and gas — Vladimir Putin

We see problems being created for investments in oil and gas — Vladimir Putin We see problems being created for investments in oil and gas — Vladimir Putin

Russian President Vladimir Putin he said on Tuesday that Russia is seeing problems creating problems for oil investments, and accused the West of introducing new sanctions on oil and gas for political reasons, Reuters reported. He went on to say that Western sanctions and the possibility of an embargo have caused oil prices to rise. […]

EU energy groups prepare to pay for Russian gas in rubles – FT

EU energy groups prepare to pay for Russian gas in rubles – FT EU energy groups prepare to pay for Russian gas in rubles – FT

The energy companies from Germany, Austria, Hungary and Slovakia prepare to comply with a new payment system for Russian gas requested by the Kremlin, threatening the unity and sanctions of the European Union (EU), the Financial Times (FT) reports, citing people with knowledge of the matter. Featured Comments “Negotiations between the utilities and Gazprom, the […]

The industry will structurally suffer from stoppages in gas supply – Deutsche Bank

The industry will structurally suffer from stoppages in gas supply – Deutsche Bank The industry will structurally suffer from stoppages in gas supply – Deutsche Bank

Germany has declared first stage of the emergency plan for gas supply. The greatest impact in the event of stoppages in the gas supply would be expected in the industry. Deutsche Bank economists distinguish between first, second and third round effects. Early warning stage for gas supply: Industry on alert “In the first round, there […]