The national price on pollution will go up another $10 per tonne of greenhouse gas emissions as scheduled today in most provinces. Environment Minister Steven Guilbeault is withstanding political pressure to delay or cancel the increase as fuel prices surge due mainly to the Russian invasion in Ukraine. Guilbeault says the government is not going…
Reactions to Russia Saying Gas Buyers Must Pay in Roubles
Following are reactions to Russian President Vladimir Putin saying foreign buyers of Russian gas must pay in roubles from April 1, and that contracts would be halted if these payments were not made. German Economy Minister Robert Habeck “With regard to the threat, demand, or consideration—one doesn’t know how to call it any more—to be…
Gas Still Flows From Russia to Europe as Buyers Navigate Putin’s Rouble Order
LONDON—Russian gas flowed into Europe on Friday, while European gas prices continued to rise, as firms grappled with President Vladimir Putin’s threat to cut off supplies unless they paid in roubles. Two of the three main pipelines for Russian gas into Europe, Nord Stream 1 across the Baltic Sea and into Slovakia over Ukraine were…
Will Oil Release Bring Down Gas Prices?; Expert: Russian Ruble Crisis May Not Be Over | NTD Business
Price hikes are not letting up, as the Fed’s inflation indicator hits a four-decade high. It’s even higher if you count food and energy. President Joe Biden is moving to release oil into the market from America’s reserve. Will it help bring down gas prices? The low number of ready-and-able workers might go even lower. New data…
Biden to Release 180 Million Barrels of Oil From Reserve
March 31, 2022
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Business & EconomycommoditieseconomyExecutive BranchGasinflationJoe BidenMarketsOilOPECPoliticsRussiaStrategic Oil ReserveUSUS News
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President Joe Biden is announcing Thursday that the United States will release an unprecedented 180 million barrels of oil from the nation’s Strategic Petroleum Reserve (SPR) over the next several months. The oil will be put out into the market at a pace of one million barrels per day on average for the next six…
Germany Says to Still Pay for Russian Gas in Euros/Dollars After Scholz–Putin Call
March 30, 2022
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Business & EconomyDollareconomic policieseconomyeuroEuropeGasGermanyInternationalMarketsOlaf ScholzRussiaRussia-Ukraine WarVladimir PutinWorld
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BERLIN—Germany will continue to pay for Russian gas in euros or dollars, a government spokesman said, adding that Russian President Vladimir Putin had told the German chancellor nothing would change for European partners despite his plan for rouble payments. Russia has said that because of Western financial sanctions over Ukraine, it plans to require payment…
How to Get More Miles Out of a Tank of Gas
I can sum up my response to the soaring price of gasoline in just one word: Aargh! While waiting for prices to come down (do you think they will?), don’t sit around complaining, all the while paying through the nose to drive your car. There are lots of things you can do to increase the…
Russia’s Gazprom Says Gas Shipments via Ukraine to Europe Continue: Interfax
Russian state-owned energy giant Gazprom said on Sunday that it was continuing to supply natural gas to Europe via Ukraine in line with requests from European consumers, the news agency Interfax reported. The agency reported that requests stood at 109.6 million cubic meters (mcm) for March 27, slightly up from 109.5 mcm a day earlier.
Russian Demand for Rouble Gas Payments Would Be Breach of Contract, EU Leaders Say
March 25, 2022
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Business & Economycommoditiescrisiseconomic policieseconomyEuropeGasMarketsroubleRussiaRussia-Ukraine WarUkraineWorld
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BRUSSELS—Leaders from some European Union member states said on Thursday Russia’s demand that “unfriendly” countries use roubles to buy for its oil and gas could breach supply contracts. President Vladimir Putin’s demand on Wednesday for rouble payments sent European gas prices surging and added to concerns over supply disruptions in the EU, which gets about…
Eying Strong Year-End Prices, US Oil Firms Accelerate Activity: Fed Survey
Activity in the oil and gas sector accelerated in the first quarter as company outlooks improved, according to a survey of oil executives released on Wednesday by the Federal Reserve Bank of Dallas. U.S. crude will sell for an average of $93 a barrel by the end of the year and natural gas prices at…
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