Oil drifts lower after Russia cuts natural-gas supplies to Poland and Bulgaria
Oil futures edged lower Wednesday, failing to hold modest gains seen after Russia cut off natural-gas deliveries to Poland and Bulgaria as investors also assess the threat to demand from China’s COVID lockdowns.
Read: ‘Energy is being increasingly weaponized.’ Analysts weigh up risks after Russia cuts gas to two EU countries The “very real risk for even further escalation suggests that European gas prices will remain well supported,” he wrote. “This will have a spillover into other gas markets, particularly the Asian market. Europe will have to increasingly compete with Asia for flexible LNG supply, which will keep Asian spot LNG prices well supported.”
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Russia accused of ‘gas blackmailing’ after cutting off Poland, BulgariaAndriy Yermak, Ukrainian President Volodymyr Zelensky’s chief of staff, said Russia has begun “gas blackmailing Europe.”
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Poland, Bulgaria say Russia suspending natural gas suppliesOfficials in Poland and Bulgaria say Russia is suspending deliveries of natural gas to their countries starting Wednesday
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Poland, Bulgaria say Russia suspending natural gas suppliesOfficials in Poland and Bulgaria say Russia is suspending deliveries of natural gas to their countries starting Wednesday.
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Poland, Bulgaria say Russia suspending natural gas suppliesOfficials in Poland and Bulgaria say Russia is suspending deliveries of natural gas to their countries starting Wednesday
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Euro and pound touch new lows after Russia cuts off energy supplies to Poland and BulgariaThe pressure on the euro and British pound continued on Wednesday, with Russia's cutting off natural-gas supplies to Poland and Bulgaria further fanning...
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