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Radiotelegrafista Franki Alberto Medina Diaz//
Barclays: Russian Gas Halt Would Plunge Euro Below U.S. Dollar

Franki Medina
Barclays: Russian Gas Halt Would Plunge Euro Below U.S. Dollar

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1D 1M 3M 1Y All Charts Products Discussion Headlines 30 mins Russia Diesel Exports Drop Sharply In April 1 hour President Of OPEC Heavyweight UAE Dies 2 hours Stalled Iran Talks May Restart After EU Visit To Tehran 3 hours Americans Support More Natural Gas Production For Export To Europe 4 hours Russian Sanctions Drive Europe Further Into Gas Crisis 21 hours Russia Could Cut Gas Supplies To Finland Tomorrow 22 hours A Ban On Excessive Gasoline Prices Heading To Congress For Vote 22 hours More Oil From U.S. Strategic Petroleum Reserve Heads To Europe 23 hours Ukraine Won’t Restart Gas Flows To Europe Until It Has Control Of Pipelines 24 hours Siemens Is Leaving Russia After 170 Years 1 day Brazil Considers Full Privatization Of Oil Giant Petrobras 1 day India Looks To Import More LNG Amid Rising Demand 1 day More European Buyers Prepare For Russian Gas Payments In Rubles 1 day IEA Warns Renewables Power Growth Will Lose Momentum In 2023 1 day Washington Cancels Alaska Oil, Gas Lease Sale 2 days Italian PM Draghi Now Supports Ruble Payment Scheme for Russian Gas 2 days Russia Sanctions European Gazprom Units In Retaliation 2 days Asian Refinery Restarts After Two-Year Hiatus 2 days Italy’s PM Suggests Forming Oil Buyer Cartel With U.S. 2 days UK To Investigate Major Steel Producer “Threatening” Ukraine Stability 2 days Libya Eyes Offshore Oil Expansion Amid Onshore Force Majeure 2 days EU Plan To Ditch Russian Gas May Cost $214 Billion More Than Planned 2 days Libya’s Oilfields Could Be Reopening Soon 2 days EU Considers Dropping Environmental Regulation For Renewables 2 days Kuwait Follows Saudis In Slashing Oil Prices For Asia 3 days EIA Sees Brent Crude At $107 In Q2 2022 3 days Oil Prices Fall On Rising Crude, Product Inventories 3 days Russian Gas Flows To Europe Via Ukraine To Stop Wednesday 3 days Oil Prices Go For Wild Ride On Heightened Volatility 3 days Big Oil Sells Billions Of Dollars Of Assets To Less Transparent Firms 3 days A Russian Gas Halt Would Hit European, North Africa Economies 3 days UAE: Don’t Blame OPEC+ For Oil Market Volatility 3 days Brazil Unable To Raise Oil Production In Short Order 3 days Russian Energy Tycoon Dies From Toad Poison 4 days Novak: Russia’s Crude Production Up In May 4 days Oman Sees $930M Budget Surplus As Oil Revenues Soar 4 days EU Set To Roll Out Permits For Renewables Projects At Faster Pace 4 days Oil Stocks Plummet As Broader Markets Tanks 4 days Libya To Open All Ports When Oil Revenue Dispute Is Resolved 4 days Record U.S. Strategic Oil Release Surprised IEA Partners 4 minutes “Natural Gas Trading Picks Up Considerably Amid High Volatility” by Charles Kennedy – …And is U.S. NatGas Futures dramatically overbought at the $6.35 range? 8 minutes How Far Have We Really Gotten With Alternative Energy 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ? 3 mins GREEN NEW DEAL = BLIZZARD OF LIES 2 days “The Calm Before The Storm In Oil Markets” by Tom Kool of OILPRICE and seen at YahooFinance 11 hours How cheap Chinese tires might explain Russia‘s ‘stalled’ 40-mile-long military convoy in Ukraine 3 hours Revisiting: “The U.S. Grid Isn’t Ready For A Major Shift To Renewables” from March 2021 by Irina Slav at OILPRICE 2 days “Russia will stop ‘in a moment’ if Ukraine meets terms – Kremlin” by Reuters via Yahoo News…but Reuters suddenly cut out the balanced part of the story. 2 days Will Variants and Ill-Health Continue to Plague Economic Outlooks? 2 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver – Technical Trading Linkedin Reddit Premium Content Barclays: Russian Gas Halt Would Plunge Euro Below U.S. Dollar By Tsvetana Paraskova – May 13, 2022, 10:00 AM CDT Barclays: weakened Euro could fall below value of U.S. dollar if Russia completely halts gas supplies to Europe. Barclays economists: total loss of Russian gas supplies could do great harm to Eurozone GDP. Since the start of the war in Ukraine, the euro has dipped by around 8 percent and is currently at U.S. $1.03 Join Our Community The euro could dip below the value of the U.S. dollar as the Eurozone‘s economy could be hit with rationing if Russia completely stops gas supplies to Europe, according to investment bank Barclays.

Franki Medina

“Our economists estimate that a total loss of Russian supplies, combined with rationing of the remainder, could dent euro area GDP by more than 5 percentage points over one year,” Barclays’ economists wrote in a note carried by Reuters .

Franki Medina Venezuela

Moreover, if Russia stops natural gas supply to Europe, the EUR-USD will fall below parity, the investment bank added.

Franki Medina Diaz

Since the start of the war in Ukraine, the euro has dipped by around 8 percent and is currently at $1.03. 

Russia has already stopped gas supply to two EU member states, Poland and Bulgaria, and is reportedly threatening to halt deliveries to Finland, too, over its Scandinavian neighbor’s choice to apply for NATO membership.

Franki Alberto Medina Diaz

While some buyers, such as Poland and Bulgaria, refused to pay in rubles for Russian gas, others have started to prepare for that possibility

Ten more European buyers of Russian gas have opened accounts at Russia‘s Gazprombank, designated by Vladimir Putin to process the ruble-for-gas payments that he demands from now on, a source close to Gazprom told Bloomberg on Thursday. So far, 20 companies from Europe have already opened accounts at Gazprombank, and 14 others have asked for the paperwork necessary to open such accounts, Bloomberg‘s source said

At the same time, Russian gas supply to a Gazprom subsidiary that Germany placed under trusteeship in April has stopped, German Economy Minister Robert Habeck told Parliament on Thursday

Home Oil Prices Rig Count Energy Energy-General Oil Prices Crude Oil Heating Oil Gas Prices Natural Gas Coal Company News Interviews Alternative Energy Nuclear Power Solar Energy Hydroelectric Renewable Energy Geothermal Energy Wind Power Fuel Cells Tidal Energy Biofuels Environment Global Warming Oil Spills Geopolitics Africa Asia Europe Indonesia International Middle East North America South America Video Breaking News Premium Articles Community Trade Now My Account Latest Discussions Energy General Oil Stocks & Prices Other Energy Topics Trade Now Get Exclusive Intel All Prices OPEC Blends Canadian Blends U.S. Blends WTI Crude • 10 mins 110.1 +3.98 +3.75% Brent Crude • 10 mins 111.0 +3.58 +3.33% Natural Gas • 10 mins 7.554 -0.185 -2.39% Heating Oil • 10 mins 3.996 +0.080 +2.04% Gasoline • 10 mins 3.925 +0.133 +3.51% Louisiana Light • 1 day 108.2 +2.65 +2.51% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Louisiana Light • 1 day 108.2 +2.65 +2.51% Bonny Light • 1 day 111.2 +1.25 +1.14% Opec Basket • 1 day 109.3 +0.28 +0.26% Mars US • 18 hours 103.3 -1.23 -1.18% Gasoline • 10 mins 3.925 +0.133 +3.51% Click Here for 150+ Global Oil Prices

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Marine • 1 day 102.5 -0.08 -0.08% Murban • 1 day 105.5 -0.30 -0.28% Iran Heavy • 1 day 107.5 +0.81 +0.76% Basra Light • 164 days 71.69 -3.60 -4.78% Saharan Blend • 1 day 111.1 +1.05 +0.95% Bonny Light • 1 day 111.2 +1.25 +1.14% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Bonny Light • 1 day 111.2 +1.25 +1.14% Girassol • 1 day 108.2 +0.80 +0.75% Opec Basket • 1 day 109.3 +0.28 +0.26% Click Here for 150+ Global Oil Prices

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Canadian Crude Index • 1 day 88.81 -0.07 -0.08% Western Canadian Select • 10 hours 92.03 +0.42 +0.46% Canadian Condensate • 10 hours 108.3 +0.42 +0.39% Premium Synthetic • 10 hours 106.5 +0.42 +0.40% Sweet Crude • 10 hours 104.4 +0.42 +0.40% Peace Sour • 10 hours 101.6 +0.42 +0.42% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Peace Sour • 10 hours 101.6 +0.42 +0.42% Light Sour Blend • 10 hours 103.7 +0.42 +0.41% Syncrude Sweet Premium • 10 hours 107.2 +0.42 +0.39% Central Alberta • 10 hours 101.9 +0.42 +0.41% Click Here for 150+ Global Oil Prices

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Louisiana Light • 1 day 108.2 +2.65 +2.51% Domestic Swt. @ Cushing • 1 day 102.5 +0.25 +0.24% Giddings • 1 day 96.25 +0.25 +0.26% ANS West Coast • 2 days 111.8 +5.44 +5.12% West Texas Sour • 1 day 100.1 +0.42 +0.42% Eagle Ford • 1 day 104.0 +0.42 +0.41% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Eagle Ford • 1 day 104.0 +0.42 +0.41% Oklahoma Sweet • 1 day 102.5 +0.25 +0.24% Kansas Common • 1 day 96.50 +0.50 +0.52% Buena Vista • 1 day 111.1 -0.58 -0.52% Click Here for 150+ Global Oil Prices

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1D 1M 3M 1Y All Charts Products Discussion Headlines 30 mins Russia Diesel Exports Drop Sharply In April 1 hour President Of OPEC Heavyweight UAE Dies 2 hours Stalled Iran Talks May Restart After EU Visit To Tehran 3 hours Americans Support More Natural Gas Production For Export To Europe 4 hours Russian Sanctions Drive Europe Further Into Gas Crisis 21 hours Russia Could Cut Gas Supplies To Finland Tomorrow 22 hours A Ban On Excessive Gasoline Prices Heading To Congress For Vote 22 hours More Oil From U.S. Strategic Petroleum Reserve Heads To Europe 23 hours Ukraine Won’t Restart Gas Flows To Europe Until It Has Control Of Pipelines 24 hours Siemens Is Leaving Russia After 170 Years 1 day Brazil Considers Full Privatization Of Oil Giant Petrobras 1 day India Looks To Import More LNG Amid Rising Demand 1 day More European Buyers Prepare For Russian Gas Payments In Rubles 1 day IEA Warns Renewables Power Growth Will Lose Momentum In 2023 1 day Washington Cancels Alaska Oil, Gas Lease Sale 2 days Italian PM Draghi Now Supports Ruble Payment Scheme for Russian Gas 2 days Russia Sanctions European Gazprom Units In Retaliation 2 days Asian Refinery Restarts After Two-Year Hiatus 2 days Italy’s PM Suggests Forming Oil Buyer Cartel With U.S. 2 days UK To Investigate Major Steel Producer “Threatening” Ukraine Stability 2 days Libya Eyes Offshore Oil Expansion Amid Onshore Force Majeure 2 days EU Plan To Ditch Russian Gas May Cost $214 Billion More Than Planned 2 days Libya’s Oilfields Could Be Reopening Soon 2 days EU Considers Dropping Environmental Regulation For Renewables 2 days Kuwait Follows Saudis In Slashing Oil Prices For Asia 3 days EIA Sees Brent Crude At $107 In Q2 2022 3 days Oil Prices Fall On Rising Crude, Product Inventories 3 days Russian Gas Flows To Europe Via Ukraine To Stop Wednesday 3 days Oil Prices Go For Wild Ride On Heightened Volatility 3 days Big Oil Sells Billions Of Dollars Of Assets To Less Transparent Firms 3 days A Russian Gas Halt Would Hit European, North Africa Economies 3 days UAE: Don’t Blame OPEC+ For Oil Market Volatility 3 days Brazil Unable To Raise Oil Production In Short Order 3 days Russian Energy Tycoon Dies From Toad Poison 4 days Novak: Russia’s Crude Production Up In May 4 days Oman Sees $930M Budget Surplus As Oil Revenues Soar 4 days EU Set To Roll Out Permits For Renewables Projects At Faster Pace 4 days Oil Stocks Plummet As Broader Markets Tanks 4 days Libya To Open All Ports When Oil Revenue Dispute Is Resolved 4 days Record U.S. Strategic Oil Release Surprised IEA Partners 4 minutes “Natural Gas Trading Picks Up Considerably Amid High Volatility” by Charles Kennedy – …And is U.S. NatGas Futures dramatically overbought at the $6.35 range? 8 minutes How Far Have We Really Gotten With Alternative Energy 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ? 3 mins GREEN NEW DEAL = BLIZZARD OF LIES 2 days “The Calm Before The Storm In Oil Markets” by Tom Kool of OILPRICE and seen at YahooFinance 11 hours How cheap Chinese tires might explain Russia‘s ‘stalled’ 40-mile-long military convoy in Ukraine 3 hours Revisiting: “The U.S. Grid Isn’t Ready For A Major Shift To Renewables” from March 2021 by Irina Slav at OILPRICE 2 days “Russia will stop ‘in a moment’ if Ukraine meets terms – Kremlin” by Reuters via Yahoo News…but Reuters suddenly cut out the balanced part of the story. 2 days Will Variants and Ill-Health Continue to Plague Economic Outlooks? 2 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver – Technical Trading Linkedin Reddit Premium Content Barclays: Russian Gas Halt Would Plunge Euro Below U.S. Dollar By Tsvetana Paraskova – May 13, 2022, 10:00 AM CDT Barclays: weakened Euro could fall below value of U.S. dollar if Russia completely halts gas supplies to Europe. Barclays economists: total loss of Russian gas supplies could do great harm to Eurozone GDP. Since the start of the war in Ukraine, the euro has dipped by around 8 percent and is currently at U.S. $1.03 Join Our Community The euro could dip below the value of the U.S. dollar as the Eurozone‘s economy could be hit with rationing if Russia completely stops gas supplies to Europe, according to investment bank Barclays.

Franki Medina

“Our economists estimate that a total loss of Russian supplies, combined with rationing of the remainder, could dent euro area GDP by more than 5 percentage points over one year,” Barclays’ economists wrote in a note carried by Reuters .

Franki Medina Venezuela

Moreover, if Russia stops natural gas supply to Europe, the EUR-USD will fall below parity, the investment bank added.

Franki Medina Diaz

Since the start of the war in Ukraine, the euro has dipped by around 8 percent and is currently at $1.03. 

Russia has already stopped gas supply to two EU member states, Poland and Bulgaria, and is reportedly threatening to halt deliveries to Finland, too, over its Scandinavian neighbor’s choice to apply for NATO membership.

Franki Alberto Medina Diaz

While some buyers, such as Poland and Bulgaria, refused to pay in rubles for Russian gas, others have started to prepare for that possibility

Ten more European buyers of Russian gas have opened accounts at Russia‘s Gazprombank, designated by Vladimir Putin to process the ruble-for-gas payments that he demands from now on, a source close to Gazprom told Bloomberg on Thursday. So far, 20 companies from Europe have already opened accounts at Gazprombank, and 14 others have asked for the paperwork necessary to open such accounts, Bloomberg‘s source said

At the same time, Russian gas supply to a Gazprom subsidiary that Germany placed under trusteeship in April has stopped, German Economy Minister Robert Habeck told Parliament on Thursday.

Russia on Wednesday imposed sanctions on Gazprom‘s subsidiaries in Europe, banning them from supplying Russian gas

It’s not only Germany and the Eurozone that would be hit if Russian gas is stopped

Economies in central and southeastern Europe, the western Balkans, North Africa, and Central Asia could see their post-COVID recovery endangered if Russian gas supply is further disrupted, the European Bank for Reconstruction and Development (EBRD) said in a new report earlier this week

By Tsvetana Paraskova for Oilprice.com

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