 |
Louisiana Light • 2 days | 86.68 | -2.47 | -2.77% | ||
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% | ||
|
Mars US • 167 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.701 | -0.013 | -0.47% |
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Girassol • 1 day | 89.30 | -1.63 | -1.79% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% |
|
Peace Sour • 3 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 3 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 3 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 3 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.17 | -2.67 | -3.26% | ||
|
Oklahoma Sweet • 2 days | 79.25 | -2.50 | -3.06% | ||
|
Kansas Common • 2 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 2 days | 86.86 | -2.40 | -2.69% |
Scientists Warn Gulf Stream Slowdown Could Begin as Early as 2025
Climate change is not just…
Iraq Hopes to Expand Economic Relationship With the U.S.
Sudani wants to strengthen Baghdad’s…
Gazprom Reports Opal Pipeline At Full Capacity After Court Case
Following a German court’s lifting of a restriction on the Opal pipeline last month, Russian gas major Gazprom reported using the line to full capacity on Wednesday.
The instance was the first since the line was allowed to return to normal operations after the court case. Poland had lodged a complaint against Gazprom back in December, but it got thrown out as authorities saw no reason to limit the Russian firm’s business in Germany.
Opal carries gas from Nord Stream in northern Germany to consumers in the south. Surrounding nations, like the Czech Republic, also benefit from the line.
The European Union wants to limit Russian leverage on the continent by limiting member countries’ imports of natural gas. This plan is challenged by Germany’s approval of the Nord Stream 2 line, which will double the capacity of the currently operational pipeline of the same name.
“The Yamal pipeline has been constrained by maintenance since August 8th and is currently not flowing gas," Reuters analyst Oliver Sanderson said in response to the capacity announcement. "There is no indication yet that the Opal pipeline will bring a substantial increase in Russian deliveries compared to volumes prior to the maintenance on the Yamal line."
Related: How Much Fuel Does It Take To Get To The Moon?
Russia and its state firm Gazprom cover one-third of Europe’s gas needs, though the EU continues sanctions against Moscow for its annexation of Crimea and activities in the Ukraine.
New EU negotiations with Russia could delay Nord Stream 2 to post-2019, giving Western-backed Ukraine the upper hand in talks on transit fees for Russian gas passing through to Europe. The route through Kiev is currently the most popular for gas supplies headed to Europe. Nord Stream 2 would bypass Ukraine, cutting off a key revenue source for the ex-Soviet nation.
ADVERTISEMENT
Nord Stream 2 has also been the target of new U.S. sanctions against Russia, though not explicitly, as Washington seeks to punish the Kremlin for its alleged interference in the 2016 presidential elections, as well as for its role in Syria and Ukraine.
By Zainab Calcuttawala for Oilprice.com
More Top Reads From Oilprice.com:
- Oil Stuck At $50 As OPEC Output Jumps
- Oil Prices Slip On Strong Crude Draw, Surprise Gasoline Build
- Russia Eyes Rapid Middle East Energy Expansion
Zainab Calcuttawala
Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…
Related posts
Open57.81
Trading Vol.6.96M
Previous Vol.241.7B
