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Economy, Energy

“Russian gas will eventually return to Europe as nations ‘forgive and forget,’ Qatari energy minister says”

“…“The Europeans today are saying there’s no way we’re going back” to buying Russian gas, Saad Sherida al-Kaabi, energy minister and head of state gas company QatarEnergy, said at the Atlantic Council Energy Forum in Abu Dhabi. “We’re all blessed… Continue Reading…

Economy

“Europe heading for recession as cost of living crisis deepens”

“…The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening cost of living crisis and a gloomy outlook that is keeping consumers wary of spending. While there was some easing of price pressures, according… Continue Reading…

Economy

“Euro slides below 99 cents after Russia halts gas supplies to Europe”

“LONDON — The euro fell below 99 cents for the first time in 20 years Monday, after Russia said it would shut off its main gas supply pipeline to Europe indefinitely… On Friday, Russian energy supplier Gazprom said it would not resume its supply… Continue Reading…

Economy, Energy

“Russia Stops Oil Flowing Through Pipeline to Central, Eastern Europe”

“Russian oil has stopped flowing through a pipeline that supplies Slovakia, Hungary and the Czech Republic, blaming payment difficulties caused by Western sanctions on Moscow…” https://finance.yahoo.com/m/3a733df9-a22f-3501-bfe7-751ec3180242/russia-stops-oil-flowing.html This means the cost of oil is going up. The cost of energy is… Continue Reading…

Energy

“Analysis: Ukraine war rekindles Europe’s demand for African oil and gas”

“Europe’s thirst for oil and gas to replace sanctioned Russian supply is reviving interest in African energy projects that were shunned due to costs and climate change concerns, industry executives and African officials said. Energy firms are considering projects worth… Continue Reading…

Economy, Real Estate

“Property Values Fall Across US, Europe on Bite From Inflation”

“Prices have fallen by about 5% to 10% compared to a year earlier in some areas, according to David L. Steinbach, with Europe following a trajectory set in the US. “I think we’re in for a rough few months,” he… Continue Reading…

Real Estate

“Property Values Fall Across US, Europe on Bite From Inflation”

“…Prices have fallen by about 5% to 10% compared to a year earlier in some areas, according to David L. Steinbach, with Europe following a trajectory set in the US. “I think we’re in for a rough few months,” he… Continue Reading…

Energy

“Russia is about to cut off Finland’s natural gas”

“Russia is about to cut off natural gas supplies to a third European country that refuses to accept the Kremlin’s demand for payment in rubles.Russian gas will stop flowing to Finland at 7 a.m. local time on Saturday, Finnish state gas company… Continue Reading…

Energy

“Putin tells Europe: Pay in roubles or we’ll cut off your gas”

“Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday or else have their supplies cut, a move European capitals rejected and which Germany said amounted to “blackmail”. Putin’s decree on Thursday leaves Europe… Continue Reading…

Economy

“Europe Faces Full Blown Energy Crisis As Gas Prices Smash All Records”

“Europe’s energy crisis got even worse on Tuesday as a shortage of natural gas, nuclear outages, declining wind power output, and cold weather boosted prices. The gas price at the Dutch TTF hub, the benchmark gas price for Europe, soared… Continue Reading…