Tag Energy

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G7 Increase Pressure on Russia

The leaders of the G7 countries have united to ban or halt imports of Russian oil. This is intended to put Russia under further pressure. “We pledge to end our dependence on Russian energy by ending or banning Russian oil…

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Why the Fed Rate Hike May Not Stop Inflation

Federal Reserve (Fed) Chairman Jerome Powell reiterated the Fed’s position on interest rates in his speech at an IMF-sponsored seminar Thursday (April 21, 2022). The Fed sees inflation running away and wants to use its tools to stop it. “Getting inflation back…

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China’s LNG Imports from Russia Decreased in March

The China Customs Service said today that imports of liquefied natural gas (LNG) reached 321,380 tons in March, down 35% from the same month last year. This was due to buyers deferring purchases as spot market prices rose. China imported…

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Big Japanese Energy Companies as Inflation Hedge

Rising inflation in most of the world’s economies and the Russian sanctions are driving up energy and commodity prices. Experts believe this will have a significant impact on the global economy. Even the IMF has now issued a warning and…

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Russian Gas Continues to Flow Through Ukraine to Europe

Gazprom, the Russian state-owned energy giant, said on April 10 that it would export gas through Ukraine to Europe as usual on orders from European customers. This has allayed fears of energy shortages following the start of Russia’s offensive against…

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