..., yet considerably below the extremes of the energy crisis period. Overall, record storage levels reduce the likelihood of sharp price spikes this coming winter, which is viewed positively by investors and industrial gas consumers. At the same time, market participants are closely monitoring the EU's further steps to enhance energy security. Brussels has extended the requirements for mandatory filling of gas storage facilities for another two years (target—90% by the start of each winter season) to secure high reserve levels for future winters....

... rates unchanged following its meeting on July 30. Soft monetary conditions combined with the resolution of trade disagreements may support fuel demand in the latter half of the year. Gas Market: Storage Facilities Filling Up, Prices Remain High The gas market is primarily focused on Europe. EU countries are rapidly filling underground gas storage facilities in preparation for the winter season. By the end of July, European UGS facilities are over 72% full (compared to ~59% a month earlier), equating to over 75 billion cubic meters of reserves....

... parameters of the new price ceiling, but according to diplomatic sources from Reuters, it will be lowered to approximately $47.6 per barrel. It is worth noting that Western media reported earlier that the discount on Russian oil would be 15% off the market price, but this information later changed to a discount of $15 per barrel. As of the writing of this article, no detailed documents have been published. According to industry experts, the 18th EU sanctions package against Russia is indeed significant in scale for the FEC, but its effectiveness will be limited by several factors. Dmitry Kasatkin, managing partner of Kasatkin Consulting, stated that sanctions on 105 tankers from the shadow fleet ...

... increase in electricity prices: the average price of electricity in Germany during the same period rose by more than 40%, from €79 to €112 per megawatt-hour (MWh)," noted Sergey Tereshkin, CEO of the oil and raw materials marketplace OPEN OIL MARKET. He explained that under the current regulatory model, electricity prices in the European Union (EU) depend on the cost of balancing generation, with gas-fired power plants playing a key role in covering sharp spikes in energy demand. As a result, the rising cost of fuel for gas-fired power plants leads to higher electricity prices, the expert clarified....

Tereshkin: Gasification and increased supplies to the EU led to an increase in gas production in Russia (Izvestia). The expert explained that this is related to the rise in supplies to the EU. Find out how production volumes have changed, what affects the energy resources market, and how this might impact the economy. For more details, read the article on the website! Gasification and the increase in supplies to Europe have driven the growth of natural gas production in Russia, said Sergey Tereshkin, CEO of the oil products ...