Russia threat to respond to sanctions with output cuts
Global oil flows re-route around Russia sanctions
U.S. seasonal gasoline prices highest since 2012
EU struggles to agree Russia oil sanctions
India’s coal shortage to worsen
Iran seizes two oil tankers ($FT)
EUROPE’s gas storage is filling at the fastest rate on record, and now holds above-average volumes, as utilities try to accumulate inventories ahead of a possible shut off of imports from Russia next winter, and high prices attract heavy LNG inflows away from Asia while discouraging industrial consumption:
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