Niels Kaastrup-Larsen’s Post

Tune in as we delve into Europe’s energy dependence on Russia with @HelenHet20 and discuss why energy markets remain a risk factor for the Eurozone economy. Can Europe untangle itself from this web of dependency?

World Bank Energizing Europe: Rising to the Challenge (Part 2) [29 February 2024] https://lnkd.in/gKEnyyJ5 or https://lnkd.in/gKwc4xsz   This report focuses on the impact of the war in Ukraine on the energy sector in 2022 and early 2023 and Its implications at the macro and micro level in the EU. The EU is a net importer of energy and is highly dependent on fossil fuels. In 2021, almost 70 percent of the EU’s energy needs were met from fossil fuels, mostly imported from Russia. This has led to legitimate concerns on the security of energy supply andhas also made the EU susceptible to fluctuations in fossil fuel prices. Russia’s invasion of Ukraine in February 2022 led to disruptions in the supply of fossil fuels, especially natural gas, to the EU and a spiraling of energy prices. The macro level effects of the war in Ukraine as evidenced by higher inflation and tighter monetary policy as well as lower growth are relatively well-known but the impacts on firms and households have been very heterogenous with significant policy implications.   See also Energizing Europe - Inclusive Growth: Inflation Chipping Away Income Gains (Part 1) [18 July 2023] https://lnkd.in/gKGfx-8c or https://lnkd.in/gZyApkjE

Oil prices fell on Monday as investor sentiment on China’s economic outlook dimmed after a major policy briefing over the weekend offered little clarity on the size of Beijing’s stimulus plans, even as Middle East tensions intensified. #oil #prices #trading #economy #fears

Australia ought take notes from America's experience and think strategically about how we survive the next world war....Atomic self reliance has to be part of the mix...tell Chris Bowen he's the one dreaming...and pushing Australia into a nightmare of poor foresight... "In the case of the 1970s, the United States became dependent on others, specifically the Middle East, for its energy prosperity. As a result, America lost control over not only its ability to conduct foreign policy but also its economy...The Arab oil embargo of 1973 and the dramatic rise in the price of oil imposed by the Organization of the Petroleum Exporting Countries (OPEC) severely damaged the US economy, set back global growth for nearly a generation, and symbolized the failure of America’s energy strategy in that decade." https://lnkd.in/g_Gd-G2A

Amidst a world of geopolitical strife and economic shifts, Natural Gas climbs to $1.65, showcasing the energy market’s resilience and optimism.

The Executive Director of the International Energy Agency claims that China has altered the global energy system in the past and is likely to do so again as the demand for fossil fuels reaches its peak. According to Fatih Birol, China is the only nation responsible for the notable rise in the world's fossil fuel consumption during the past ten years. Source - CNBC Follow us for daily updates 👍 #brandsandbusinessmagazine #business #businessnews #magazine #news #internationalnews #newsupdates #finance #economy #news #updates

⚡The EU's reliance on oil and gas exposes us to economic vulnerabilities and security risks. Dependence on volatile #fossilfuel markets and geopolitical uncertainties disrupt energy supply and undermine our economic stability. Both households and industries are affected. The EU imported gas for €400 billion in 2022. Energy prices are twice as high compared to China and the US. Shifting to renewables and electrifying the economy are vital for EU's security & prosperity, offering a shield against market and geopolitical uncertainties. bit.ly/3VuA1nF Industry and households benefit from low energy prices. The next policy cycle can focus on electrification and decarbonising power by 2037. ➡ Stay tuned for our report that shows what this means for electricity bills. #StrategicEU

A perfect, natural hedge for the US, Middle East and China? Either Europe will need to purchase their fuels, including Gas to compete with China, while China strives to become less dependent on Energy imports, or the industries will relocate to the US, the Middle East and China, and leave Europe as an industrial museum, that failed on its own hybris and denial of the changed Status Quo? Europe Is Gaslighting Itself About Its Energy Woes As gas prices rise, politicians are in denial about the challenges a cold winter may pose. The challenge is encapsulated by two prices. First is the cost of gas in Europe, measured by the so-called Title Transfer Facility benchmark. On Wednesday, it was about $14 per million British thermal units. The second is the cost of the same gas, but in the US, measured by the Henry Hub benchmark. On Wednesday, it was at $3 per mBtu. Now, put yourself in the shoes of the board of directors of a global energy-intensive manufacturing company. How long would it take you to decide that Europe isn’t a good location for future investment?

Morning Report Friday’s headlines: Gas market ends the week bullishly amid large-scale Russian attack in Ukraine and cooler weather Carbon climbs as the upcoming Easter holiday means a period of lower auction supply on the market Neutral day on the Nordic power market on a day with rising related markets and unchanged forecasts   Today’s expectations: Gas, carbon and German power rises sharply amid rising geopolitical uncertainty following attack in Russia Quite mild and wet in the Nordic area this week followed by cooler conditions from early next week Bullish day on the Nordic power market as related markets rise sharply on geopolitical concerns. #Passionforenergy

ENB #504 - President Trump Taps Chris Wright * Chris Wright: Trump taps Wright as Energy Secretary, focusing on energy independence. - https://lnkd.in/gGxUfhJh * Oil Imports: Shifts in U.S. imports and China’s growing energy role. - https://lnkd.in/gbfH7NWn * Ukraine Talks: Negotiations start; energy ties highlighted. - https://lnkd.in/gUNKa5_i * Markets: Volatility from rate cut debates and China's demand drop. - https://lnkd.in/gXDZ4VSi * Ovintiv Deal: Swaps Utah assets for Canadian shale. - https://lnkd.in/g4JPvjK8 * China & Climate: Criticism of China’s climate leadership. - https://lnkd.in/gmXQF4w4 Follow Stuart Turley On LinkedIn Follow Michael Tanner On LinkedIn Click the link here to watch the full video: https://lnkd.in/gzqz7n43 #EnergyNews #ChrisWright #OilAndGas #EnergyIndependence #UkraineRussia #ChinaEnergy #MarketVolatility #ClimateLeadership #ShaleGas #Geopolitics