Louisiana Light • 2 days | 83.64 | +1.36 | +1.65% | |||
Bonny Light • 1 day | 86.67 | -1.02 | -1.16% | |||
Opec Basket • 2 days | 84.47 | -0.33 | -0.39% | |||
Mars US • 18 hours | 77.08 | -1.08 | -1.38% | |||
Gasoline • 19 hours | 2.589 | -0.024 | -0.90% |
Bonny Light • 1 day | 86.67 | -1.02 | -1.16% | |||
Girassol • 1 day | 86.10 | -0.85 | -0.98% | |||
Opec Basket • 2 days | 84.47 | -0.33 | -0.39% |
Peace Sour • 1 day | 75.26 | +0.86 | +1.16% | |||
Light Sour Blend • 1 day | 76.56 | +0.86 | +1.14% | |||
Syncrude Sweet Premium • 1 day | 85.51 | +0.86 | +1.02% | |||
Central Alberta • 1 day | 74.86 | +0.86 | +1.16% |
Eagle Ford • 9 days | 76.81 | +0.85 | +1.12% | |||
Oklahoma Sweet • 2 days | 77.50 | +1.00 | +1.31% | |||
Kansas Common • 2 days | 71.25 | +0.75 | +1.06% | |||
Buena Vista • 2 days | 84.42 | +0.36 | +0.43% |
A major energy outage struck…
Dutch TTF prices face upward…
City A.M
CityAM.com is the online presence of City A.M., London's first free daily business newspaper. Both platforms cover financial and business news as well as sport and…
The Dutch government will advise citizens and businesses to use less gas but has stopped short of activating emergency energy plans.
Earlier today, Germany declared triggered the first phase of emergency gas plans – known as an “early warning” – amid escalating concerns over supply shortages.
Its decision not to follow in Germany’s footsteps has staved off the possibility of a regional or bloc-wide crisis plan within the European Union (EU)
ADVERTISEMENT
This only occurs when two member states declare an emergency based on the same grounds.
The Kremlin’s demand for gas payments to be made in roubles has sent energy firms scrambling to assess the ramifications, with the EU increasingly concerned Russia could cut off supplies.
ADVERTISEMENT
The Netherlands imports nearly 20 percent of its natural gas from Russia and has been seeking alternative sources in the wake of Moscow’s invasion of Ukraine on Feb. 24.
Tim van Dijk, the economic affairs ministry spokesperson, told Reuters: “In view of the German decision we reviewed our gas security plan. We are not going to initiate the plan because we will only take that step when there is a real physical shortage or there is an acute threat that it will happen.
He said the Dutch were monitoring the situation on a daily basis and had decided to launch a public campaign this weekend calling on people to reduce their use of gas, following Russia’s invasion of Ukraine.
Despite strict sanctions imposed on Moscow by the European Union, Russian gas is still flowing into the continent, accounting for roughly 40 percent of its total supplies.
By City AM
More Top Reads From Oilprice.com:
ADVERTISEMENT
ADVERTISEMENT
CityAM.com is the online presence of City A.M., London's first free daily business newspaper. Both platforms cover financial and business news as well as sport and…
Colonial Shuts Key Fuel Pipeline To The U.S. Northeast
Venezuela Suspends Oil Exports
Saudi’s Won’t Let Oil Stay At $75: Pioneer CEO
Oil Drops On Huge Unexpected Crude Inventory Build
OPEC’s Second-Largest Oil Producer Issues Arrest Warrant For Donald Trump
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com