Russian President Putin says oil and gas prices are rising, including due to the Middle East crisis
Newsquawk Staff ·
- "Maybe it makes sense for us to leave the European market now, to reliable partners."
- It's not a decision yet, we'll discuss it.
- Attack on Russian LNG tanker is a 'terrorist attack'.
- Russian special services have information about preparations for sabotaging the "Blue Stream" and "Turkish Stream" pipelines.
What it means
Putin's comments indicate rising tensions around energy supplies, with potential ramifications for European markets if Russia shifts its focus away. His mention of terrorist threats against key pipelines adds urgency to the situation, suggesting that disruptions in energy flows could elevate commodity prices further, impacting inflation and economic stability globally. This underscores the geopolitical risks tied to energy dependence and may drive investors toward safe havens like gold or oil-related assets.
- Russian Foreign Minister Lavrov says the Ukraine conflict is likely to continue and will likely escalate. Leaders of Finland and Norway raised no new proposals.
- Russian Deputy PM Novak says domestic refineries are bringing units back online very quickly following maintenance. Russia and the US could begin cooperating on Arctic LNG projects
- Russian President Putin says Russia should avoid going too far with the green agenda and must consider ending the ongoing conflict and lifting sanctions
- US Midterms (7 days out): Democrats’ early-vote lead narrows in 8 states; Texas and Nebraska flip to Republicans, South Carolina now tied
- Senior Ukrainian official says the ceasefire in Oleshky will last until November 1st
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