The takeaway from the news today is that the Nord Stream 1 pipeline has seen gas flows restart and capacity has returned to before the maintenance period shutdown i.e. 40% or 67 million cubic metres per day. But as mentioned earlier here, a second turbine will be due for repairs next week and that is likely to see capacity halved to 30 million cubic metres per day.
For now, the resumption of the gas flows will buy Germany some time and slight relief but the overall gas situation remains tense. The gas shortage in Europe is already being exacerbated by a multitude of factors and Russia cutting supplies is a major one in that regard. As much as markets are holding some calm on the news today, it is going to be a brutal winter for Europe with gas rationing potentially on the cards.
This article was written by Justin Low at www.forexlive.com.
http://dlvr.it/SVFjcr
Are you a forex trader or affiliate marketter that wants to trade forex or make money online.we have the best tips for you here.
Subscribe to:
Post Comments (Atom)
US CPI needs to cool to keep the USD bear case in check: Week Ahead - City Index
Market positioning also raises a few questions. Last week net-long exposure to all FX futures contracts fell by -3.6 billion, which was its...
-
IS CFD TRADING WORTH ITTORIAL: Trading Stock CFDs Worth It? 📝 A topic that is only tangential to Forex, the question of whether to trade st...
-
FX Eagle Dashboard Forex System provides extraordinary trading assistance for its users. THE CURRENCY MATRIX. The indicators are all avai...
-
Cryptocurrency exchanges operating in South Africa have until November 30 to register with the country’s financial regulator. Those who wi...
No comments:
Post a Comment