Energy: ‘Double double toil and trouble’

In Energy, Financial competency on 10/03/2022 at 3:45 am

‘Fire burn and cauldron bubble’.

The turmoil in energy markets explained in three charts

Oil at US$300? Taz what the Russians say if they cannot or don’t export oil to the rest of the world.  Opec’s sectary general says ,“no capacity in the world at the moment that can replace 7mn barrels [a day] of exports” from Russia.”. For Germany, Russian petrol makes up 30% of imports.  A quarter of the EU’s oil imports come from Russia. 60% of Russia’s oil exports go to Europe.

Russia has EU by the balls (Related article: (Why Russia has the EU by the balls). Moscow said it could cut natural gas supplies to Europe via the Nord Stream 1 pipeline in response to western sanctions. 

See the gap between US and EU prices. US LNG producers are shipping all they can. And if Moscow cuts gas to Europe, prices will really fly.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: