Germany issues early warning of possible gas rationing
Russia tells Europe to find roubles for export payments
Russia’s oil export system handles third-country crude
EU gas oil storage rates fall to record low as stocks drop
U.S. recession inevitable says former Fed official ($BBG)
Russia’s alternative domestic payments system ($WSJ)
U.S. consumers switch brands to offset inflation ($WSJ)
Spain’s inflation rate nears 10% ($BBG)
India’s coal inventories under pressure
CHINA’s Lower Yangtze mega-region, home to more than 225 million people, has experienced an exceptionally mild winter, especially since late February. Cumulative heating demand at Nanjing has been 14.5% below normal so far, implying large savings in gas, coal and electricity consumption, and limiting upward pressure on international LNG and coal prices:
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