Commentary There are many mistakes in the G7 agreement to put a cap on Russian oil. The first one is that it doesn’t hurt Russia at all. The agreed cap, at $60 a barrel, is higher than the current Urals price, above the five-year average of the quoted price, and higher than Rosneft’s average netback…
Mystery Leaks Hit Nord Stream Gas Pipelines in Europe, Raising Suspicions of Sabotage
September 27, 2022
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Business & Marketsenergyenergy shortageEuropeMarketsNord Stream 2Russia-Ukraine Warrussian gassabotageWorld
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European officials are investigating ruptures to the Nord Stream 1 and 2 gas pipelines, which run through the bed of the Baltic Sea from Russia to Germany, as apparent sabotage is feared. The two offshore lines of the natural gas pipeline network were reported to have sustained “unprecedented” damage within 24 hours, according to Nord…
65M in 33 Chinese Cities Under Lockdown
An Air Force general is warning the United States would make a Chinese invasion of Taiwan Beijing’s most difficult battle. A $30 million donation is given, all for Taiwan’s civilian defense programs. The Taiwanese businessman making the donation is giving up his foreign citizenship in favor of the island. China is fearing for its economy….
Russia’s Gazprom Shuts Down Nord Stream 1 Pipeline Indefinitely, Gas Prices Soar in Germany
Russian state-owned energy corporation Gazprom has scrapped plans to restart gas flows through its Nord Stream 1 pipeline to Germany, offering no answers as to when operations would resume back to normal. On Aug. 19, Gazprom announced that it would stop gas flows through the pipeline between Aug. 31 and Sept. 2 due to routine…
United States Was Top Exporter of Liquefied Natural Gas, Mostly to Europe, During First Half of 2022
July 26, 2022
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Business & MarketseconomyenergyEnergy Information Administrationliquefied natural gasMarketsrussian gasUS
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The United States was the top exporter of liquefied natural gas (LNG) during the first half of 2022, the U.S. Energy Information Administration (EIA) said in a July 25 report. In the first six months of the year, U.S. LNG exports rose by 12 percent to an average of 11.2 billion cubic feet per day (Bcf/d) compared…
European Union Announces Compromise Gas Curbs Amid Russia Supply Cuts
July 26, 2022
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Business & MarketseconomyenergyEuropegas shortageMarketsNord Stream 1russian gasRussian natural gasWorld
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The European Union (EU) has announced a “voluntary reduction” of natural gas demand by 15 percent this winter in an effort to boost the region’s energy supply security while providing exemptions to nations that may not be able to meet the target. The aim of the demand reduction is to save enough gas ahead of…
LIVE 5 PM ET: Biden ‘Doing Well’ After Positive COVID-19 Test; ECB Hikes Rates, 1st in 11 Years | NTD Business
President Biden tested positive for COVID-19 today, but he assures Americans he’s doing well and getting work done. The European Central Bank is raising interest rates for the first time in over a decade, reversing years of loose monetary policy. HSBC bank could be the first-ever foreign lender to directly employ members of the Chinese Communist…
LIVE NOW: Biden ‘Doing Well’ After Positive COVID-19 Test; ECB Hikes Rates, 1st in 11 Years | NTD Business
President Joe Biden tested positive for COVID-19 Thursday, but he assures Americans he’s doing well and getting work done. The European Central Bank is raising interest rates for the first time in over a decade, reversing years of loose monetary policy. HSBC bank could be the first-ever foreign lender to directly employ members of the Chinese…
Biden ‘Doing Well’ After Positive COVID-19 Test; ECB Hikes Rates, 1st in 11 Years | NTD Business
President Joe Biden tested positive for COVID-19 Thursday, but he assures Americans he’s doing well and getting work done. The European Central Bank is raising interest rates for the first time in over a decade, reversing years of loose monetary policy. HSBC bank could be the first-ever foreign lender to directly employ members of the Chinese…
Austria Reviving Coal-Fired Power Plants as Safeguard Against Reduced Russian Gas Supply
June 20, 2022
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Austrian ChancellorBusiness & MarketscommoditieseconomyEuropeEurope gasMarketsrussian gasRussian sanctionsWorld
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The Austrian government has decided to use coal power to produce electricity in case curtailed Russian gas supply creates an energy emergency in the nation. “The federal government and the energy group VERBUND have agreed to convert the Mellach (Styria) district heating power plant, which is currently shut down, so that in an emergency it…
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