Best in Energy – 30 March 2022

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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