Page 40 - Rian Evans News Today

Natural gas has shifted from a reliable and cheap source of energy to expensive and hard to come by. Experts say its not likely to get much better.

German-based Uniper already faced a cash crunch before Russia invaded Ukraine and shook energy markets. The company is seeking a government bailout.

The UK could enter a recession of Russia cuts off energy flows. The Office for Budget Responsibility expects inflation to reach 11% in such a scenario.

The Moscow Exchange said ruble-yuan trading volume hit an all-time high this week of 44.3 billion rubles, or about $703 million.

The euro hit a new 20-year low against the dollar Tuesday, and could fall further. An investor told Bloomberg that the euro could fall to $0.90.

Sam Bankman-Fried says some of the money used to bail out crypto firms is his own. He said Wednesday FTX still had billions to help even more.

The exports follow similar shipments of Strategic Petroleum Reserve crude in April, when three ships went to Europe to replace Russian oil.

The state-run gas producer would pay the Kremlin 1.25 trillion rubles from September to November under a new windfall tax.

West Texas Intermediate crude sank 8.6% to $99.12 per barrel, and Brent crude tumbled 9% to $103.17.

Core Scientific unloaded most of its bitcoin in June while the crypto slumped. The company said it sold its holdings to sustain liquidity and pay debt.