Russia Says Nord Stream 2 To Become Operational In Days
The Nord Stream 2 natural gas pipeline from Russia to Germany is set to be completed within days and come on stream, Russia’s Foreign Minister Sergey Lavrov said on Monday. Continue Reading
Gazprom Neft Switches To Yuan Payments In China
Gazprom Neft, the oil arm of Russian gas giant Gazprom, is starting to settle payments for the jet fuel it supplies in China in yuan, instead of in U.S. dollars, Continue Reading
Unrelenting Supply Squeeze Darkens Germany’s Economic Outlook
Investor confidence in the German economy declined for a fourth month in September after global supply disruptions worsened and infection rates surged, threatening to disrupt Europe’s strong recovery. The ZEW Continue Reading
Coal Plants in Southeast Europe Killing Thousands, Report Says
Pollution from coal-fired power stations on the European Union’s southeastern border are estimated to have caused thousands of deaths in the region due to breaches of legally-binding limits on harmful Continue Reading
Siemens Gamesa claims first recyclable wind turbine blade
Siemens Gamesa says it has developed the first offshore wind turbine blades that can be fully recycled, potentially saving hundreds of thousands of bulky objects from landfills and resolving an Continue Reading
Europe’s High Energy Prices Are Just The Beginning
European energy prices might be at record levels, but there is still room for prices to run, according to a Bloomberg analysis. Of course, natural gas prices are soaring everywhere—not Continue Reading
Oil Down as Saudis Slash Crude Prices
Oil extended losses after Saudi Arabia slashed crude prices for Asian buyers, raising the prospect of fierce competition among sellers as the resurgence of Covid-19 continues to cloud the demand Continue Reading
Crude oil futures extend retreat in wake of weak US job report
Crude oil futures extended a decline in mid-morning trade in Asia on Sept. 6 after a weaker-than-expected US employment report heightened near-term demand concerns. At 10:49 am Singapore time (0249 Continue Reading
3 Bullish Catalysts For Oil This Fall
After a dreary stretch that saw oil markets record the worst monthly loss this year, the markets have kicked off trading in September on a brighter note. Both WTI and Continue Reading
Economic losses from extreme weather hit £3.6tn over five decades
Developed nations have incurred the bulk of $3.6tn in economic losses from severe weather events over the past five decades, while high death tolls endured by poorer nations have been Continue Reading