Australian shares are set to open lower after a lacklustre session in New York. Results from CBA, Computershare, Reckon. Follow updates here.
In another sign of the fragility of Europe’s supply, flows of oil from Russia to Central Europe have halted over a pipeline payments dispute, raising fears that an “energy war” between Moscow and its European oil customers could escalate.
The dispute centres on the southern leg of a Cold War-era pipeline — called Druzhba, the Russian word for friendship — that carries crude oil some 2500 miles from the Urals to Central Europe. “The next few days will show whether this is another escalation of the energy war by Russia or a technical problem in payments,” Sikela said.
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