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Energy anxiety in Europe, 50% chance of recession in the US: The economic victims of the war in Iran
Oil in Europe flirts with $110 per barrel, natural gas up 94% since the start of the year – The most expensive gasoline in the US since summer 2022, when the war in Ukraine was raging – What Politico writes about Asian countries pushing demand and driving prices higher
The Kremlin condemns the “assassination” of Iranian leaders and leaves the energy front with Europe open
“Europe does not appear willing to engage in discussions; Putin is open to talks,” said Kremlin spokesman Dmitry Peskov
Heated exchange between Papastavrou and Sweden’s energy minister over European power grids at the Council of Ministers
A dispute over the joint planning of electricity grids saw the Greek minister challenge his Swedish counterpart, saying that “ultimatums are not the way we should operate,” and calling for a common European strategy for energy networks, invoking Jacques Delors
Middle East: Conflict may hasten Europe’s “divorce” from Russian gas
The message from the Americans is clear: Accelerate the flow of US LNG to Europe's most vulnerable markets and that is why, according to Reuters, the value of the Vertical Corridor is highlighted
Oil markets remain nervous, Brent above $90 again
The oil market remains highly volatile, with prices affected by the conflict in the Middle East and discussions about a possible release of strategic reserves
Strait of Hormuz: The maritime chokepoint driving up freight rates, insurance costs, and energy prices
Just 21 miles wide, it is the world’s most important energy chokepoint — In peacetime, 114 to 138 ships pass through daily, carrying 21 million barrels of oil — U.S. and French plans to escort commercial vessels
Natural Gas jumps 20% as prices “soar” in Europe due to Middle East war
The price on the European market reached €53.6/MWh – Under the pressure of the ongoing conflict in the Middle East, April delivery contracts surged 20.44% in a single day at TTF
Emergency meeting at the Ministry of Environment and Energy on developments in Iran and the country’s energy resilience
The meeting will take place at 16:00 – Regulatory Authority for Waste, Energy and Water (RAAEY), Motor Oil and Hellenic Petroleum (ELPE) will participate
A message of strong transatlantic cooperation with new deals for the Vertical Corridor
Metlen's Washington agreement with Shell and the expansion of the countries to be supported by the Vertical Corridor - The message of the joint communiqué from the 13 countries and the competition of the energy corridors - Vertical Corridor: new long-term agreements with four countries secured by Atlantic SEE LNG Trade
