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“Declaration Of War Without Rules”: Russian Officials Fume Over Crimea Bridge Blast As Ukraine Celebrates
“Declaration Of War Without Rules”: Russian Officials Fume Over Crimea Bridge Blast As Ukraine Celebrates Update(1435ET): Russia’s state Investigative Committee has put out a statement saying at least three civilians died as a result of the attack on the Crimean Bridge, which was likely a fertilizer-laden truck bombing. “According to preliminary data, three people died as a result of […]
War Breaks Out As “OPEC+ Takes On The Entire West”
War Breaks Out As “OPEC+ Takes On The Entire West” This time, it’s war. One day after we wrote that “OPEC Is Taking On The Fed“, the oil cartel did just that when it announced that it was cutting output by 2mmb/d the despite a furious diplomatic campaign by the White House hoping to avoid […]
Power Grid Collapse In Bangladesh Leaves 140 Million People In Dark
Power Grid Collapse In Bangladesh Leaves 140 Million People In Dark Bangladesh’s national power grid collapsed Tuesday afternoon, plunging 140 million people, or nearly everyone in the country, into darkness, AFP reported. Reuters spoke with officials at the state-run Bangladesh Power Development Board, who said power transmission failed in the eastern part of the country and […]
Revolution In Air As Brits Burn Power Bills Amid Historic Energy Crisis
Revolution In Air As Brits Burn Power Bills Amid Historic Energy Crisis Energy prices for millions of households across the UK rose on Saturday. Soaring power bills amid the worst cost-of-living crisis in a generation led to a continuation of growing discontent ahead of the dark winter. Thousands of Brits marched in London and other […]
Russian Gas Stops Flowing To Italy After ‘Problem’ In Austria
Russian Gas Stops Flowing To Italy After ‘Problem’ In Austria Russian energy giant Gazprom PJSC suspended natural gas deliveries to Eni SpA, Italy’s largest oil company, on Saturday, reported Bloomberg. “Gazprom informed that it is not able to confirm the gas volumes requested for today, stating that it’s not possible to supply gas through Austria. Therefore, today’s Russian […]
Faced With ‘Acts Of Sabotage’, EU Countries Rush To Secure Energy Assets
Faced With ‘Acts Of Sabotage’, EU Countries Rush To Secure Energy Assets Multiple explosions under the Baltic Sea and the rupture of the Nord Stream pipeline system from Russia to Germany appear to be “sabotage,” NATO and EU officials said this week. A fourth leak was confirmed Thursday on the pipelines as EU countries are in overdrive to secure […]
Watch Live: Putin Declares Annexation Of Eastern Ukraine
Watch Live: Putin Declares Annexation Of Eastern Ukraine Just ahead of a Friday ceremony declaring the official annexations of the four occupied Ukrainian regions which held controversial referendums, Russian President Vladimir Putin on Thursday signed two decrees which recognized the “independence” of Kherson and Zaporozhye regions. “Recognize the state sovereignty and independence” of the Kherson and Zaporozhye regions “effective from […]
Hurricane Ian Strengthens To Powerful Category 4 As Florida Landfall Imminent
Hurricane Ian Strengthens To Powerful Category 4 As Florida Landfall Imminent Hurricane Ian strengthened into a powerful Category 4 storm expected to make landfall on Florida’s southwest coast today and then traverse central Florida and emerge in the Atlantic by Thursday. At 0500 ET, the National Hurricane Center said Ian sustained maximum winds of 140 […]
In Dramatic Escalation, European Nat Gas Prices Soar After Gazprom Warns Ukraine Flows At Risk
In Dramatic Escalation, European Nat Gas Prices Soar After Gazprom Warns Ukraine Flows At Risk In a day of constant news surrounding European gas flows, including the potential sabotage of the Nord Stream pipeline, moments ago, Russia state-owned gas giant Gazprom PJSC warned that another major source of gas flows to Europe was at risk, […]
Blasts Detected Near Nord Stream As Images Reveal “Huge Leak”
Blasts Detected Near Nord Stream As Images Reveal “Huge Leak” Update (1025ET): AFP News reported the US is ‘ready to provide support’ to Europe after the Nord Stream pipeline system leaks. There was no further information on what type of support, but one can only imagine it would involve increased LNG cargo shipments to the EU. […]
Damage To Nord Stream Pipelines “Unprecedented;” May Have Been ‘Sabotaged’
Damage To Nord Stream Pipelines “Unprecedented;” May Have Been ‘Sabotaged’ Update (0842ET): Sweden’s government held a crisis management meeting with other public authorities over the damage to the Nord Stream pipeline system, Swedish daily newspaper Aftonbaldet said, citing comments from Foreign Minister Ann Linde. Linde said Sweden may discuss the pipeline damage with Denmark later […]
IEA Head Warns “Wild West” Energy Scenario Could Unravel Europe
IEA Head Warns “Wild West” Energy Scenario Could Unravel Europe The unity of EU member states could be in jeopardy as a dark winter fast approaches set to trigger a ‘continental scramble’ for energy resources. European countries would be in a “wild west scenario” in their attempt to pursue energy security which would result in […]
“Ferocious Fiona” Makes Landfall In Canada, Leaving Hundreds Of Thousands Without Power
“Ferocious Fiona” Makes Landfall In Canada, Leaving Hundreds Of Thousands Without Power Powerful storm Fiona battered eastern Canada on Saturday with hurricane-force winds and torrential rains, leaving hundreds of thousands of people without power. The National Hurricane Center said Post-Tropical Cyclone Fiona made landfall early Saturday morning on the northeast corner of mainland Nova Scotia. […]
Futures Crash, Stocks At 2022 Lows; Yields, Dollar Explode As UK Stimulus Plan Sparks Global Market Panic
Futures Crash, Stocks At 2022 Lows; Yields, Dollar Explode As UK Stimulus Plan Sparks Global Market Panic One week after stocks suffered their biggest drop since June, futures are in freefall on Friday with the dollar soaring to the now default daily record high… … 10Y yields exploding higher, surging more than 10bps so far […]
