Analysis: Europe’s banks dim lights as they brace for winter blackout
Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power cuts and energy rationing that threaten the money system underpinning the region’s economy.
European stocks eye worst day in over a month on looming energy crisis
European shares were on Monday set for their worst day in more than a month as worries about tightening gas supplies from Russia, hawkish signals from the European Central Bank and weak economic outlook weighed on investors’ minds.
Morning Bid: Yuan, euro and pound head down the Hole
Global central banks are scattering again, propelling a resurgent U.S. dollar to its highest in almost two years against China’s yuan and back through parity against the euro.
Russian gas cut to Europe hits economic hopes, Ukraine reports attacks on coastal regions
Russia said it will cut gas supplies to Europe from Wednesday in a blow to countries that have backed Ukraine, while missile attacks in Black Sea coastal regions raised doubts about whether Russia will stick to a deal to let Ukraine export grain.
Russia resumes gas flows via Nord Stream, Europe still wary
Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage, the operator said, allaying Europe’s immediate winter supply fears after President Vladimir Putin had warned that flows could be cut further or stopped.
EXCLUSIVE Spain’s Repsol in talks to sell 25% of oil and gas unit to EIG, sources say
EIG Global Energy Partners is in early discussions with Repsol (REP.MC) to buy a slice of the Spanish company’s oil and gas exploration and production business, three sources with knowledge of the matter told Reuters.
Russia widens Europe gas cuts as Gazprom halts Dutch trader’s supply
Russia widened its gas cuts to Europe on Tuesday with Gazprom (GAZP.MM) turning off supply to top Dutch trader GasTerra escalating the economic battle between Moscow and Brussels and pushing up European gas prices
Russian gas flows to Europe dip in line with customer requests
Russian gas deliveries to Europe via the Yamal-Europe pipeline reversed direction to flow from Germany to Poland on Thursday morning and supplies via Ukraine also eased, all in line with requests from customers.
Russia maintains gas deliveries as Europe considers fresh sanctions
Russia maintained gas flows through key pipeline routes into Europe on Monday, despite uncertainty over payment terms and as European leaders called for more sanctions against Moscow after war crimes allegations in Ukraine.
Oil prices fall after truce in Middle East conflict, petroleum reserve news
Oil prices fell at the start of Asian trade on Sunday, after the United Arab Emirates and the Iran-aligned Houthi group welcomed a truce that would halt military operations on the Saudi-Yemeni border, alleviating some concerns about potential supply issues.
