IMF Managing Director Kristalina Georgieva Photographer: Andrew Harrer/Bloomberg The US economy is likely to slow in 2022 and 2023 but will “narrowly avoid a recession” as the Federal Reserve implements Continue Reading
A record number of acres have burned this month in Alaska, forcing Indigenous people from their homes, compromising air quality and stretching firefighting resources thin. More than 1 million acres Continue Reading
The number of total active drilling rigs in the United States rose by 13 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
Granholm led an in-person meeting with CEOs and executives of seven major U.S. oil companies. The U.S. Department of Energy (DOE) confirmed Thursday that Secretary of Energy Jennifer M. Granholm Continue Reading
When Russia turns off the gas through the Nord Stream 1 pipeline for maintenance in July, Europe is starting to worry that it won’t turn it back on again. This Continue Reading
EU leaders will on Friday discuss how the bloc would cope without Russian gas, and are expected to accuse Moscow of “weaponising” energy via a supply squeeze that Germany warned Continue Reading
The German government is considering converting parts of the Nord Stream 2 gas pipeline into a connection for a liquefied natural gas terminal on the Baltic Sea coast. Magazine Der Continue Reading
Poland and Ukraine are increasing this year’s production of thermal coal, the most polluting fossil fuel, preparing for colder months as Europe grapples with an energy security crisis exacerbated by Continue Reading
Italy’s dependence on Russia for imported gas has decreased to 25% from 40% last year, Prime Minister Mario Draghi said on Friday following a summit of European Union leaders where Continue Reading
Crude oil futures were mostly steady in mid-morning trade in Asia June 24 after shedding early morning gains as sentiment remained fragile following steep declines in the last two sessions. Continue Reading
