Greece-Bulgaria pipeline starts operations to boost non-Russian gas flows

SOFIA, Oct 1 (Reuters) – Greece and Bulgaria started commercial operation of a long-delayed gas pipeline on Saturday which will help decrease southeast Europe’s dependence on Russian gas and boost energy security. The 182-km pipeline will provide a relief to Bulgaria, which has been struggling to secure gas supplies at affordable prices since the end … Read more

Raging Markets Selloff in Five Charts: $36 Trillion and Counting

Gauges of currency and bond volatility have been a leading indicator of the ongoing rout. They have been elevated most of this year, with the ICE BofA Treasury volatility index approaching levels hit when the pandemic erupted in 2020. However, the CBOE Volatility Index, known as Wall Street’s fear gauge, remains below levels seen during … Read more

Gas starts flowing to Poland through the new Baltic Pipe pipeline

WARSAW, Oct 1 (Reuters) – Gas started flowing to Poland through the new Baltic Pipe pipeline from Norway via Denmark and the Baltic Sea on Saturday morning, Polish gas pipeline operator Gaz-System said. The pipeline is at the center of Poland’s strategy to diversify its gas supplies away from Russia that began years before Moscow’s … Read more

Putin Says Four Regions’ Annexation Is ‘Forever’

President Vladimir Putin early Friday signed decrees recognizing the “independence” of occupied Kherson and Zaporizhzhia in Ukraine as a prelude to absorbing those regions, as well as Donetsk and Luhansk, into Russia — a move that’s expected later today. Putin is also expected to address legislators.

Oil Traders Regain Their Swagger With World Desperate for Fuel

“Energy security is number one, price is number two, sustainability is number three,” said Russell Hardy, chief executive officer at Vitol Group, the world’s top oil trader by volume. “That’s the short-term set of priorities. The long set of priorities haven’t changed, they’re the other way around.”

Hawks and hardliners | Reuters

A look at the day ahead in European and global markets from Vidya Ranganathan The third quarter of 2022 draws to a close with monetary and military hawks prevailing, and financial markets nursing some of the worst setbacks in decades. Russian President Vladimir Putin is set to host a Kremlin ceremony on Friday annexing about … Read more

US Redoubles Efforts to End Dependence on Russian Nuclear Fuel

“We are going to get Congressional support in a bipartisan way for us to make our own fuel cycle supply chain independent, certainly of Russia,” Granholm, 63, said in an interview at the International Atomic Energy Agency in Vienna. “We’ve got to make this happen for our own independence and national security.”

Morning Bid: Guilty party | Reuters

A look at the day ahead in European and global markets from Tom Westbrook The Old Lady of Threadneedle Street’s cash tourniquet on the gilt market is holding, with the relief rally driving 30-year yields down a wild 105 basis points in a few hours. Yet the remedy is little salve for a sinking pound, … Read more

Oil Edges Lower as Slowdown, Dollar Outweighs Supply Concerns

Supply concerns remained at the fore, after US government data showed an unexpected decline in commercial oil stocks last week, signaling improving demand. Crude inventories contracted by 215,000 barrels, even as stockpiles at the storage hub at Cushing, Oklahoma, expanded. Gasoline stocks fell.

Oil Rises as US Crude Inventories Show First Decline in a Month

West Texas Intermediate rose as much as 3.4% to trade above $81 a barrel. Crude inventories fell 215,000 barrels last week, the US Energy Information Administration reported. The country’s demand for distillates, which includes diesel, jumped last week bringing the four-week average back above 2020 levels for this time of year. Meanwhile, leaks in three … Read more