Despite public statements by Brussels about its intention to completely abandon Russian energy sources, the supply of liquefied natural gas (LNG) from the Russian Arctic project "Yamal LNG" to EU ports has increased significantly. During January-May of this year, EU countries received more than 8.37 million tons of Arctic gas from Russia. This is 17.9% more than in the same period last year. Moreover, almost 97% of all ships that left the port of Sabetta on the Yamal Peninsula were unloaded in European terminals - mainly in Belgium and Spain Experts state that the previously introduced European ban on short-term contracts (spot market) for Russian gas has not yet yielded any visible results. The reason for this is temporary loopholes in the legislation: long-term contracts and agreements

MACRO MORNING DIGEST - LAST 24H 06:00 EST, JUNE 12 2026 • US inflation surges; wage squeeze deepens. PPI beat expectations significantly: headline 1.1% MoM (est 0.7%, prev 1.4%), YoY 6.5% (est 6.4%); core 0.4% MoM (est 0.5%), YoY 4.9% (est 5.4%). Price growth now outpacing wage expansion, squeezing household finances. • US labor market steady but tightening. Initial jobless claims at 229K (est 220K, prev 225K); continuing claims 1.795M (est 1.785M, prev 1.777M). Readings marginally above expectations suggest resilience but no dramatic strengthening. • European inflation mostly stable; energy concerns loom. Germany CPI 2.6% YoY, HICP 2.7%, France HICP 2.8%, Spain HICP 3.6%—all in line with expectations. Bundesbank's Nagel warned rising energy costs triggering indirect second-order effects, justifying a rate hike. • Growth signals weakening across developed economies. Japan IP 0.5% MoM (prev 0.8%), UK April GDP flat at -0.1% MoM with services contracting, IMF cut eurozone 2026 to 0.9% from 1.1%. German ministry flagged Q2 slowdown with recovery dependent on geopolitical risk and commodity prices. • Global output headwinds mount; supply stress in emerging markets. South Africa manufacturing crashed -2.9% YoY (est 1.5%), OPEC crude output fell 190k bpd to 33.13 mbpd in May (Iran-led), World Bank warned global GDP could dip to 1.3% if energy disruptions intensify. • Manufacturing sentiment flips into contraction; employment outlook darkens. New Zealand manufacturing PMI 49.9 (prev 50.5), falling back below 50. German ministry sees no labor demand upturn ahead despite summer seasonality, citing sustained high energy costs. • Consumer distress widening; sentiment metrics signal fear. 57% of US consumers report inflation eroding financial health, Fear & Greed Index at 28 (fear), crypto Fear & Greed at 12 (extreme fear). UK households expect higher inflation next year; businesses turned pessimistic.

Los 10 países en que las ventas de vehículos eléctricos superan el 50%: 1 Noruega 98% 2 Dinamarca 82% 3 Nepal 76% 4 Etiopía 60% 5 China 57% 6 Suecia 59% 7 Uruguay 57% 8 Países Bajos 55% 9 Islandia 51% 10 Finlandia 50% forococheselectricos.com/not…

📉 El sector energético lastra al Ibex 35 por el desplome del petróleo ante el posible pacto entre EE. UU. e Irán Las acciones de las compañías energéticas registran caídas generalizadas en la Bolsa española este viernes, desmarcándose del tono alcista del mercado. El optimismo de los inversores ante la cercanía de un acuerdo de paz entre Estados Unidos e Irán ha provocado un desplome del barril de crudo Brent de cerca del 4 %, arrastrando de forma directa a las cotizaciones de las firmas vinculadas a los combustibles fósiles y los servicios regulados. A las 12:30 horas, Repsol lidera las pérdidas de todo el mercado español con un severo descenso del 6,02 %, situando el precio de sus títulos en los 22,53 euros debido a su alta sensibilidad a la evolución de los precios del petróleo. En el Ibex 35, la volatilidad ha contagiado al resto del sector: Naturgy retrocede un 1,01 %, Enagás cede un 0,56 %, Iberdrola cae un 0,54 %, Endesa pierde un 0,13 % y Redeia se deja un leve 0,08 %, en una jornada donde la presión vendedora se concentra exclusivamente en el negocio energético. intereconomia.com/noticia/me… #Repsol #Ibex35 #Petróleo #Brent #Bolsa #Energía #Mercados2026

Balance de sistema eléctrico para hoy 13-junio-26, con: - Generaciones por fuente - Enlace Baleares - Balance de almacenamientos (baterías y bombeos) - Balance internacional -y finalmente Consumo península #esios #electricidad

Electricity-related investment remains the dominant theme in global energy spending trends & the current crisis is set to add to its momentum Electricity's share of global energy investment is rising to 60% in 2026 – up from less than 40% a decade ago: iea.li/4oavBi7

El presidente del CSN destaca la I D i como motor estratégico para anticipar y reforzar la seguridad nuclear. 👉csn.es/noticias-csn/2026/-/a…

Breaking News! All #lithium prices, domestic and seaborne, as well as chemical and ore, and spot and futures increased yesterday, 06/11/26, in the Chinese market. Both contangos (in average and most-traded futures) reached their highest level since 05/12/26, and 05/11/26, respectively. Interesting prospects for Li prices in the coming days.

Peru moves forward with a USD 540M project for its first green hydrogen terminal. The Arequipa development will produce #greenhydrogen and ammonia using solar and wind energy, supporting #cleanfuel exports. #GreenHydrogen #EnergyTransition #peruanas fcw.sh/XvpKWP

During a heat wave, solar steps up with new record to keep the grid stable. On Wed June 10, a heat wave caused @CaliforniaISO demand to rise to its highest level in 2026. Solar responded with a record output of 22.82 GW and 245 GWh/day. Total WWS also rose to its highest level, 434 GWh/day, without any mining of additional fuel since solar comes right to the panel; wind and water right to the turbine. 71st straight and 137 of 161 (85.1%) days in 2026 with WWS>100% demand for an avg of 5.1 hours/day among all days. WWS has met 57.2% of all demand in 2026. Gas down 62%, solar up 56%, batteries up 336% in 2026 v 2023.