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One Bank''s View Of What Happens Over The Next Few Hours, For The Rest Of The Week, And Beyond With markets scrambling to peer beyond the fog of war, Deutsche Bank FX strategist George Saravellos breaks it down, and writes that It is perhaps most useful to think about the market impact of the dramatic developments in Ukraine over the last twenty four hours by time horizon. His thoughts are below: Over the next few hours, the direct impact is likely to be dominated by the likely severity and scope of sanctions to be potentially placed on Russia and the impact this has on various aspects of financial plumbing. The jurisdictions that are most likely to impose freezes on Russian assets are likely to be seen at most risk of capital diversion towards those that are not. For example, with Russia still holding 200bn of EUR reserves, there is a question of what happens to this allocation. We highlighted overnight how GBP has potentially also benefitted from significant Russia capital inflow in the past and is therefore at risk from capital diversion.

Iowa’s attorney general is looking into the huge increase in fertilizer prices. During a call with reporters Thursday, Tom Miller said increases would be expected with the rising cost of natural gas as well as other factors. “But the question is, do those factors justify the increases?” Miller pointed out anhydrous ammonia prices are up more than 300 percent compared to last year, urea and potash are up about 215 percent, and liquid nitrogen is up 250 percent. …

Nuclear power is looking like a more attractive alternative to relying on natural gas from Russia right now.

Russia’s attack on Ukraine Wednesday means the conflict will take a bigger toll than believed on the U.S. economy as it drives oil prices and inflation higher and intensifies supply chain snarls. “This moves us toward a less favorable economic outlook with slower activity and higher inflation,” says Gregory Daco, chief economist at EY-Parthenon. Like other economists, Daco had based his forecast on the most likely scenario of a Russian troop deployment that fell short of military action. That would have led to a modest two-tenths of a percentage point reduction in U.S. growth this year to a still healthy 3.8%. Under the worst-case scenario of a full-scale war, Daco predicted a hit to growth of up to a percentage point. He says he’s moving toward the more dire outlook but for now is predicting a middle-ground impact of about 0.6 percentage points. Oxford Economic says it has shifted its base forecast for global economic growth to its scenario of a full-scale invasion. “We’re looking at the tensions via the prism of an economy that’s recovering from COVID, global supply chains are really stressed, and we have a high inflation environment,” Daco said. “The tensions will further fuel inflation and further stress supply chains.” Keep in mind the U.S. isn’t nearly as vulnerable to the conflict as Europe, which gets about 30% of its oil from Russia, compared with about 3% for the U.S., says Tom Kloza, chief global analyst for the Oil Price Information Service.

Europe increased its energy dependence on Russia, hoping to temper Putin''s militarism. But instead, it "funded the Kremlin''s rearmament."

Until the situation in Ukraine stabilizes, the demand for natural gas from the United States could remain dramatically elevated. These five stocks look like outstanding ideas for growth stock investors now and into the future.

The Ukraine and Russian conflict has increased the price of energy, both oil and natural gas. That will hit Europe especially hard. Here''s why.

The biggest factor in favour of exporters retaining their nerves over Ukraine is the dependence of Europe on Russia for its energy, in particular, gas. As much as 40% of the natural gas that Europe uses comes from Russia, through multiple pipelines. Europe is not keen to impose any sanctions that would prevent their ability to keep buying Russian gas

U.S. oil prices soared past $100 per barrel for the first time since 2014 Thursday, while European natural gas prices surged more than 40% in the wake of Russia''s decision to launch a major invasion of neighboring Ukraine.

European natural gas prices are up ~30% this morning, as commodity markets focus on Russia''s invasion of Ukraine

Ukraine Power Grid Stable, No Blackouts, NatGas Pipelines Running "Smoothly" As Energy Prices Spike Global energy prices are soaring after Russian forces launched a barrage of artillery, airstrikes, and missiles across Ukraine early Thursday to "demilitarize" the country. Even though natural gas and crude prices jumped on Thursday, there are no reports of supply disruptions or blackouts in Ukraine, suggesting businesses as usual. An escalation of the Russia-Ukraine conflict sent Dutch TTF Gas Futures up more than 41% , rising for the fourth consecutive day. Soaring gas prices are also feeding into power markets. German power contracts jumped as much as 31%. The EU and US natural gas price spread is blowing out again, this time on geopolitical concerns. The spread blew out on unseasonably cold weather and low natgas supplies in late 2021. And for context, the soaring price of EU and UK NatGas is equivalent to a barrel of oil costing between $175 and $220… And has lifted US NatGas prices as potential export demand is priced in...

Owner Centrica reports bumper results but utility refuses to comment on likely price hikes Russia-Ukraine crisis: live news British Gas has said energy supplies to its eight million customers will be unaffected by Russia’s invasion of Ukraine, but declined to comment on what soaring prices might mean for household bills. Russia, which launched a full invasion of Ukraine on Thursday , is responsible for a third of Europe’s natural gas and about 10% of global oil production. Continue reading…

EDMONTON — It’s budget day in Alberta, and Premier Jason Kenney says there will be a massive infusion of money for the health-care system. Kenney says the COVID-19 pandemic has […]

At four in the morning (GMT+1) on Thursday February 24th, explosions started to be heard in several Ukrainian cities, in what Vladimir Putin has described as a “large-scale operation” to defend the Ukrainian independence fighters in the Donbas region. Ukrainian authorities have already reported the first casualties and announced that Russia has launched a ‘full-scale invasion’ of the country, in the words of the Ukrainian foreign ministry with the aim of “destroying the Ukrainian state”. “The Government of Spain condemns Russia’s aggression against Ukraine and expresses its solidarity with the Ukrainian Government and people,” Spanish Prime Minister Pedro Sánchez tweeted on Thursday, adding that he was in “close” contact with Spain’s EU and NATO partners to coordinate a response to the attacks. It’s a harrowing situation for the 44 million inhabitants of the eastern European nation and an unnerving scenario for the world as a whole as it tries to put a still ongoing global pandemic behind it.

Raghuram Rajan believes the escalating tensions between Russia and Ukraine have the potential to affect not just oil and natural gas but essential commodities like wheat