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

Storage facilities across Europe are gradually being replenished, but it’s important to understand how fast the accumulated gas stockpiles will be used this coming winter.
Projections of global economic growth keep getting worse. In late July, the IMF adjusted its expectations vs. April.
While Russian companies were selling crude and petroleum products at a discount resulting from geopolitical pressure, global corporations in Q2 2022 feasted on the victorious return of fossil fuel.
Russian crude continues to sell cheaper than the North Sea benchmark, with a barrel of Urals offered at an average discount of $21 in July.
While the energy crisis continues to wreak havoc on Western economies, it is also felt keenly in the East.
While at the beginning it seemed that supply disruptions would only last for a couple of months, it’s now becoming clear that the lack of gas will remain a pressing issue in the coming winter and it’s unlikely to be resolved until 2024.
More and more countries are stepping back from their push to scrap coal-fired power generation – at least for now.
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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