Post
Topic
Board Economics
Re: U.S dollar almost equal to Euro
by
BCwinning
on 22/07/2022, 16:36:00 UTC
It's not too relevant to EUR/USD rate of exchange, but the Russian Nord Stream gas supply has been restored today, after a 10-day pause for maintenance., resulting in a drop in oil and gas prices. Europe hadn't ruled out the possibility that Russia may stop gas flows via Nord Stream permanently, once the maintenance was over. Orders have now resumed at 40% of its capacity. Hopefully, that may relieve the oil market and European consumers a tiny bit, not lifesaving but still an improvement.

Source: https://oilprice.com/Energy/Gas-Prices/Russia-Restarts-Nord-Stream-Gas-Supply-To-Europe.html
russia couldn't afford to keep it offline any longer. lol but yea I can see Russia shutting it down again especially as a pressure move come this fall.
Nothing like creating some panic on the market and drive prices up that benefit you.