Tag Archives: Russia Today

Escalating tensions between major global food suppliers Russia and Ukraine are likely to force wheat, corn, and sunflower oil buyers to seek alternative shipments, Reuters reported on Tuesday, citing analysts and traders. The disruption could drive up world food prices which are already near multi-year highs, experts warn. The two …

After the massive influx of US liquefied natural gas to make up for lower pipeline supplies from Russia amid high demand, Europe is running out of processing capacity for the gas, Reuters has reported. Europe turned into the biggest market for US liquefied natural gas over the past three months …

Natural gas reserves in Germany, which has one of the highest underground storage capacities in Europe, have fallen to historically low levels compared with previous years. “The occupancy rate is now around 35%,” a representative of the Ministry of Economy said during a briefing on Monday, adding that the government …

Russia could get an additional $65 billion for its state coffers this year if higher oil prices remain resilient, Bloomberg reported this week, citing estimates made by economists. For the windfall to realize, prices need to remain around $90 per barrel of Brent for the rest of the year, according …

The Nord Stream 2 gas pipeline can ensure Germany’s leadership in the European economy for decades to come, and it is important for German Chancellor Olaf Scholz to maintain it, Valdai discussion club program director Timofey Bordachev told TASS. The expert drew attention to the joint press conference of Scholz …

Europe’s natural gas demand is set to decline this year as buyers begin to favor lower-priced coal, the International Energy Agency said in the latest edition of its quarterly gas market report. According to the IEA, gas demand on the continent is seen declining by 4% this year, after rising …

Oil prices continue to move toward the $100 a barrel threshold amid growing supply concerns, as OPEC and allied producers are slow to boost output. Ransomware attacks on German storage facilities and winter storms in the US are also pushing prices higher. European benchmark Brent Crude closed around $92.8 per …

Gas reserves in Europe nosedived to historically low levels this month. According to data by Gas Infrastructure Europe, consumption from storage facilities this January is one third more than the average for the previous five years. Experts have been raising concerns about the risk of full supply disruption to the …

China’s National Energy Administration has announced that 2021 was the fifth consecutive year that newly installed wind and solar farms across the country accounted for over 50% of additional power capacity. Statistics show new solar farms added a record 54.9 gigawatts of power last year, which is 14% more than …

The European Union is in talks with its trading partners in search of viable options to increase supplies of natural gas to its member states, according to the bloc’s Energy Commissioner Kadri Simson. “The gas storage levels in the EU are significantly lower than usual at this time of the …