The North American natural gas price (Henry Hub) has already increased by 12.9% this week after the EU continues to consider a ban on Russian energy products such as gas, coal, or crude oil.Since the beginning of the year, the price of natural gas (Henry Hub) has already risen by 69.38%, and by as much […]
Natural Gas Jumps 12.9% Since the beginning of the Week Read More »
OPEC+ will most likely stick with the current production increase of 400,000 barrels per day at its next meeting on March 31. Eyes will of course be particularly on OPEC now, as sanctions on Russian oil are severely restricting supply on the world market. Russia produces about 10M barrels a day about 10% of the
OPEC+ Unlikely to Increase Output Any Further – Saudi Aramco Likely to Raise Prices Read More »
According to German authorities, companies in Germany have been informed that gas supplies could be rationalized or even stopped altogether. This is due to the sanctions imposed by the EU against Russia because of the invasion of Russian troops in Ukraine. This poses an unprecedented problem for German companies, because even during the Cold War,
German Companies Receive Notice Due to Threat of Gas Rationing Read More »
Since the invasion of Ukraine, Russia has come under negative scrutiny. It has come in for harsh criticism from many sides, and even supposed allies do not want to back Russia in the Ukraine war. Several sanctions have now been imposed on Russia by the US, the UK, and the EU, including the exclusion of
What Does Russia Export and to Where? Read More »
Russia is open to gas payments in gold or Bitcoin. However, the payment method depends on the status of the paying country. Following the sanctions imposed by the West, Russia has drawn up a list of so-called “unfriendly” countries. The list includes countries that have recently imposed sanctions against Russia, such as the US, the
Russia Open to Payments for Natural Gas in Gold or Bitcoin Read More »
Russian President Vladimir Putin has instructed the Russian Central Bank to find a way to settle gas payments in rubles within a week. In addition, Russian gas giant Gazprom has been ordered to revise the supply contracts of gas customers. The payment of gas in rubles should apply to countries considered unfriendly by the Russian
Putin Wants Gas Payments in Rubels from Unfriendly Countries Read More »
The London Metal Exchange (LME) will continue to trade metals from Russian producers in its system, Reuters reports. This is to prevent the already tight supply market from coming under further pressure, as Russia is a major producer of many important commodities such as nickel, aluminum, and copper. Base metal prices have risen to new
LME Continues to Trade Metals from Russian Producers Read More »
The price of gold was only recently able to rise above $2,000 again, helped by the invasion of Ukraine by Russian troops. That was almost 4 weeks ago, and the fighting in Ukraine continues to drag on, while on the other side the peace talks have not yet made any significant progress. So the situation
Gold: Ukraine War, Fed Rate Hike – But Real Interest Rates Remain Negative Read More »
Commodities are of strategic importance to every country in the world, as the global economy would not function without them. Wars have been fought over commodities, and even today commodities are used as leverage for international business. This means that commodities are one of the most valuable goods that countries have. But which 5 countries
The Top 5 Countries with the Largest Amount of Commodities Read More »
At its meeting today, the Russian Central Bank left the key interest rate unchanged at 20 percent, after having previously raised rates sharply. The central bank raised interest rates from 9.5% to 20% at its Feb. 28 meeting to stabilize the ruble after it fell to a record low. The ruble was hit by sanctions
Bank of Russia keeps interest rates at 20% Read More »