China’s Central Bank Seeks to Calm Markets with Support Pledge China’s Covid crisis is giving fresh impetus to the worries about inflation that have dogged global markets this year. The Continue Reading
China has called on its top producing province to guarantee thermal coal supplies to some of the industrial hubs on the coast threatened by power shortages. Miners in Shanxi have Continue Reading
Oil and natural gas investments are on the rise despite the global push toward renewable energy. The global transition to green energy will need the help of fossil fuels to Continue Reading
Russia said on Monday it would investigate the cause of a large fire that erupted in the early hours of the morning at an oil storage facility in the city Continue Reading
The European Union aims to reduce its dependence on Russian oil and gas by two-thirds by the end of the year and to zero by the end of 2027, EU Continue Reading
Germany’s cabinet on Monday approved a legal amendment that would enable the government to seize ownership of energy companies as a measure of last resort to secure supplies in the Continue Reading
Rosneft failed to sell oil in a jumbo tender after demanding prepayment in roubles, five traders said on Monday, meaning the country’s top oil company will need to find ways Continue Reading
EU member states are looking at whether to impose a ceiling on what they would pay for Russian oil as a way to hit Kremlin revenues, as they shy away Continue Reading
Germany’s industry leaders warn of the negative consequences of a gas import ban. The EU’s refusal to pay directly in rubles tests Putin’s threat to cut off the gas supply, Continue Reading
Highlights One third of supply at risk over compressor disruption: Vitrenko Ukraine gas transit continues as normal despite war Calls for Russian gas payments to be paid into escrow The Continue Reading
