Fuel and energy

Germany plans to cap electricity prices for consumers and industries by taxing the profits of producers, Reuters reports

The United States assured major oil producers that a price cap on Russian exports will not affect other nations, Reuters reported

Joint purchases and a price cap on Russian gas could lead to a reduction in supplies and higher costs, Foreign Minister Peter Szijjarto says

Rosneft is expanding its tanker business to oil shipments for customers amid looming EU embargo on Russian crude

Joint gas purchases would help avoid competition within the EU, the European Commission president says

Qatar’s Energy Minister Saad al-Kaabi told the Financial Times that Europe will find it hard to replace Russian natural gas

Türkiye, India, and China are the main destinations for Russian crude oil, but exports to Europe are also rising, Bloomberg reports

The package of measures will include tools for joint gas purchasing and price limiting mechanisms on exchanges

Gas supplies in several states in the Northeastern United States could run low in the event of a cold winter, according to the WSJ

European gas prices retreat on mild weather forecasts and nearly full storages

Gazprom’s CEO has said that the entire gas supply from the damaged Nord Stream pipelines could be redirected through Türkiye

The EU is considering a temporary cap on gas prices on the main European exchange

Gas can be delivered to Armenia, Azerbaijan, Turkey, Iraq and other countries as part of the swap supplies from Russia to Iran, Iranian Deputy Oil Minister Ahmad Asadzadeh told Sputnik.

France pumps gas to Germany for the first time, in an effort to ease the EU energy crunch resulting from anti-Russia sanctions

 Gazprom Neft, the oil producing subsidiary of Gazprom, will not cut oil production because of the decision of the alliance of Organization of the Petroleum Exporting Countries