Overnight news: Bitcoin broke a record high, Tesla's German factory stopped production due to a fire, and Musk raged the culprit Greggs and became the king of the British breakfast market
For more global financial information, please follow the 7×24 hour real-time financial news market closing: US stocks plummeted, the Dow fell more than 400 points, Apple led the top 20 in US stock turnover on March 5: Environmentalists set fire to the Tesla factory. Musk called it “extremely foolish”, popular Chinese securities fell more than 6% on Tuesday, Tencent Music fell more than 6%, and US WTI crude oil closed down 0.7% for the second day, falling 0.7% for the second day. New York gold futures broke through 2,100 interest rate cut expectations and the situation in the Middle East boosted most European stocks closed down 0.45 percent Macro Federal Reserve hand
Ukraine has closed the door for Russian gas to transit through the country and into Europe
Ukraine's top energy officials are not considering any commercial agreement that would allow Russian gas to continue to transit through the country to Europe. Existing transit agreements will expire at the end of the year. The EU and Ukraine have previously said they will not renegotiate existing contracts, but some market participants are optimistic about the possibility of exporting to the EU through commercial deal agreements. Ukrainian Energy Minister German Galushchenko appeared to have crossed out this option on Tuesday. “I don't see this possibility,” he said in an interview with the International Atomic Energy Agency in Vienna. “There are currently no possible solutions.
The EU reached a preliminary agreement to enable member states to ban the import of Russian liquefied natural gas
The EU reached a preliminary agreement on a gas regulation to enable member states to effectively ban imports of Russian liquefied natural gas (LNG) without new energy sanctions. The European Parliament representing member states and the Council of the European Union approved parts of a decarbonization package on Friday. The plan lays down common rules for natural gas, renewable gas, and hydrogen to prepare the EU for a move away from fossil fuels. The EU's move will enable member governments to temporarily block Russian and Belarusian exporters from booking the infrastructure needed to transport liquefied natural gas and natural gas. “The regulation will include allowing member states to oppose those coming from Russia or Belarus
Russia's economy recovers from sanctions, GDP is expected to grow 4.6% in the second quarter
The Zhitong Finance App learned that the Russian economy is recovering from the impact of sanctions. Russian Prime Minister Mishustin said on Friday that the Russian economy is expected to grow by 4.6% in the second quarter and 1.5% in the first half of this year. The Russian Federal Statistical Service is due to release gross domestic product (GDP) data for the second quarter later on Friday. The Russian-Ukrainian conflict has entered its 18th month, and Russia is facing an increasingly serious labor shortage in the military recruitment process. This may prompt the government to take more selective measures to recruit people whose absence will not seriously affect production. Russian President Vladimir Putin signed a bill last week to set the year of military recruitment
Germany Takes Over Former Gazprom Unit as It Breaks Away From Russian Reliance
Mild Winter Ahead In Europe? Here's What Natural Gas Prices Are Reflecting
European natural gas prices extended their fall on Tuesday as mild weather and abundant stockpiles eased concerns about shortages. The benchmark futures fell as much as 6.4% to the lowest level since
US Stock Futures Higher After Monday's Rally; Factory Orders, JOLTS Data In Focus
Pre-open movers U.S. stock futures traded higher in early pre-market trade on Tuesday after recording sharp gains in the previous session. The Dow Jones jumped by more than 750 points, while the Nasda
Shell to Exit Russia's Sakhalin-2 LNG Project Empty-handed
Shell (NYSE:SHEL) will exit Russia's Sakhalin-2 liquefied natural gas project with nothing after President Putin officially transferred the facility to a new operating company, Bloomberg reported Thur
Eni to Pay €1.4B in Italian Energy Windfall Taxes in 2022
Eni (NYSE:E) said on Wednesday it will pay ~€1.4B, more than twice the amount originally estimated, in a charge related to an Italian windfall tax levied on energy companies in 2022. The company had e
Engie Says Gazprom Further Cutting Gas Deliveries
France accused Russia of using gas supplies as "a weapon of war" after Gazprom (OTCPK:OGZPY) told French utility Engie (OTCPK:ENGIY) on Tuesday that it will immediately cut gas deliveries because of d
Catalyst Watch: Moonshot for Boeing and Lockheed Martin, Chewy Earnings and AMD Event
Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events
Euro Falls Below Parity With the U.S. Dollar as Energy Woes Dim Economic Prospects
The euro, under pressure from tight energy supplies in Europe, fell to $0.9928 in Monday afternoon (NY time), down 1.1% against the U.S. dollar. Late Friday, Russia's Gazprom (OTCPK:OGZPY) said it wil
Gazprom to Shut Nord Stream Gas Pipeline for Three Days of Maintenance
Natural gas in Europe settled at another record high on Friday after Gazprom (OTCPK:OGZPY) said it will stop the Nord Stream pipeline - working at just 20% capacity since late July - for three days of
Russia Uncertainty Causes European Gas Prices To Rise: Traders Eye Vladmir Putin-Led Country's Next Move
European natural gas prices rose on Tuesday as focus shifted to concerns of supply from Russia, while questions remain on the pace of demand destruction. Price Movement: Benchmark futures were trading
Natural Gas Rallies Amid Heat Wave -- Market Talk
15:32 ET - Natural gas futures close at their highest price since June 10, at $8.727/mmBtu, up 5.2%, as high temperatures across the US boost demand for cooling. The contract for August delivery is up
Russia's Gazprom to cut Nord Stream gas flow to Europe to 20%
European gas futures surge by more than 10% after Russia said on Monday it would halt another turbine on the Nord Stream 1 pipeline to Germany, cutting gas flows by half from already reduced rates of
Nord Stream Resumption Offers Little Relief for German Chemical Companies -- Market Insight
Commentary by Adam Clark The resumption of natural-gas supplies via the Nord Stream pipeline has relieved some immediate concerns for German industry but doesn't solve fears of further restrictions o
European gas prices fall as Russia restarts Nord Stream pipeline
European natural gas prices fell on Thursday after Russia's Gazprom (OTCPK:OGZPY) restarted shipments through the Nord Stream pipeline after a 10-day shutdown for maintenance, providing some relief fo
Nord Stream Restart May Give Euro, European Stocks Short-Term Boost -- Market Talk
0521 GMT - News that the Nord Stream pipeline has resumed supplying natural gas to Europe from Russia could give a short-term boost to the euro and European stocks, Oanda senior market analyst Jeffrey
Germany Expects Gas Supply to Resume After Pipeline Maintenance
By Andrea Thomas Germany expects Russia to resume gas supply after the current maintenance period on the Nord Stream pipeline, a government spokeswoman said on Wednesday. Nord Stream, the main chann
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