Europe

Germany's gas storage capacity is 80.14 percent full - German Federal Network Agency report

"Gas supplies in Germany are currently stable, but the situation is tense and further deterioration cannot be ruled out," the agency said.

However, the storage situation in the EU is developing more positively than a year ago.

The level of gas storages in Europe has now reached the same level as last October (77.5 per cent).

Last year operators were in no hurry to pump gas in the hope of lower prices. This year the EU authorities took the pumping rates under control and regulation.

As a result, gas is pumped to UGS at the most expensive prices in the history of the industry - Interfax.

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range

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