Energodigest

Analytics and updates on key energy events from the B1 Moscow Energy Center.

30 June 2022
European refining margin: the sky’s the limit
Europe is still struggling after it banned Russian oil imports, and the debate about Russia’s ‘black gold’ is now in full swing.
Just as ten years ago, the world is now threatened by a major food crisis, with the food price index rising 25% y-o-y in May to an almost record high.
Import substitution is the burning issue not only for Russia. Energy-dependent countries are now racing to find alternatives to Russian supplies, with some of them even restarting mothballed coal mines.
The energy crunch that started last year has continued into 2022 amid growing geopolitical unrest, with the climate agenda now seeming to take a U-turn.
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