Ukraine’s grain exports have fallen 43.2 percent year on year since the start of the 2022-2023 season to 6.88 million tons, the Ukrainian Ministry of Agriculture said on Wednesday. The country’s grain exports plummeted after the war broke out in February due to the closure of its ports on the …
Read More »Stable flow of Russian gas to Europe via Ukraine as Nord Stream 1 continues to shut down
Operational data showed Russian gas supplies to Europe through Ukraine were stable on Tuesday morning, while gas flow through the Nord Stream 1 pipeline remained at zero. Ukraine’s transport system data showed that Russian gas flows to Slovakia from Ukraine through the Veleke Kapusani border point amounted to 36.9 million …
Read More »Market Drivers – US Session 19/09/2022
The week has got a lot of volatility and most assets are in slow motion with an almost empty macroeconomic data. The UK was on holiday honoring the funeral of the late Queen Elizabeth II. Fifteen major central banks will announce their policy decisions later the week.Economic DataMonday’s U.S. economic …
Read More »Ukraine’s grain exports have fallen 46% since the start of the 2022/23 season
On Monday, the Ukrainian Ministry of Agriculture said that Ukraine’s grain exports fell 45.6 percent year on year in the 2022/23 season to 6.364 million tons. Ukraine’s grain exports have fallen since the start of the war because its ports on the Black Sea, a major shipping route, have been …
Read More »Gazprom to Europe: There is no alternative to Russian gas
There is no alternative to Russian gas for Europe, said Oleg Aksyutin, executive vice president of the Russian energy giant Gazprom on Thursday. He added in a press conference that no significant additional supplies of liquefied natural gas can be expected in the foreseeable future. These comments don’t seem to …
Read More »Several factors contribute to soaring oil prices
The performance of oil price gets firmer during the US session as both WTI and Brent crude benefit from strong risk appetite and exploit today’s weaker US Dollar. Equities in the US have pushed higher over the last week ahead of tomorrow’s CPI data, with traders betting that the peak …
Read More »WTI edges higher on Russia’s threats
Crude prices edged higher by about 1% on Thursday after abandoning a seven-month low in the prior session as some technical traders bought the dip and Russia threatened to halt oil and gas exports to some buyers.That price increase came despite a surprise size of US crude inventories, news that …
Read More »Russia could maximize gas revenues by resuming sale to EU
Russia could maximize revenues if it decides to resume selling natural gas to the EU member states again. Russia may have to turn the natural gas tap back on for Europe, Citi’s global head of commodities research said Wednesday. Russia has halted Nord Stream 1 flows, and Europe is facing …
Read More »Putin says he wants to limit Ukraine’s grain export destinations
Russian President Vladimir Putin warned on Wednesday of a looming global food crisis. He said he would discuss amending a grain export deal with Ukraine to limit countries receiving shipments. Speaking at an economic forum in the eastern city of Vladivostok, Putin said that Moscow had done everything in its …
Read More »Gazprom: Signing an agreement with China to pay for Russian gas in national currencies
Russia’s Gazprom said on Tuesday it had signed an agreement to transfer payments for Russian gas supplies to China into yuan and rubles instead of dollars. Gazprom CEO Alexey Miller said allowing payments in Russian rubles and Chinese yuan would mutually benefit Gazprom and CNPC and set an example for …
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