Spain, Germany battle wildfires amid unusual heat wave
Firefighters in Spain and Germany struggled to contain wildfires on Sunday amid an unusual heat wave in Western Europe for this time of year. The worst damage in Spain has Continue Reading
Italy’s Eni signals fifth daily shortfall of Russian gas supplies
Russia’s Gazprom (GAZP.MM) has told Italy’s Eni (ENI.MI) that it would deliver similar gas supplies on Sunday to those it sent in recent days, Eni said in a statement, signalling Continue Reading
How much for gas? Around the world, pain is felt at the pump
At a gas station near the Cologne, Germany, airport, Bernd Mueller watches the digits quickly climb on the pump: 22 euros ($23), 23 euros, 24 euros. The numbers showing how Continue Reading
Germany Steps Up Measures to Conserve Gas as Russia Slows Supply to Europe
Germany will restart coal-fired power plants and offer incentives for companies to curb natural gas consumption, marking a new step in the economic war between Europe and Russia. Berlin unveiled Continue Reading
Russian gas deliveries via TurkStream to halt June 21-28 for annual maintenance
Highlights ‘All parties agreed to suspension in advance’: Gazprom Suspension comes amid major European supply disruptions Bulgaria received gas via TurkStream prior to April 27 cut-off Russia’s Gazprom said June Continue Reading
The Perfect Storm In Oil Caught Markets Off Guard
Just a couple of years ago, some of the biggest names in the oil market could have never imagined the current demand and supply situation. BP is now admitting it Continue Reading
The Energy Crisis Has Been A Boon For Argentina’s Dead Cow Shale Patch
The West’s ban on Russian oil imports in response to Putin’s aggression in Ukraine has sent energy prices soaring. Argentina’s Vaca Muerte shale patch may emerge as a major story Continue Reading
Qatar signs Italy’s Eni as second partner in LNG expansion after cementing lead as top exporter
TotalEnergies previously named North Field East partner Project is first phase of two-stage expansion to 126 mt/year Qatar’s LNG exports beat US, Australia in May QatarEnergy said June 19 it Continue Reading
Iraq’s federal government still in talks with KRG over its independent energy sector: deputy PM
Federal government following federal court ruling: Allawi Iraq’s top court ruled against KRG’s independent energy sector KRG to set up two new oil companies to stave off federal takeover Iraq’s Continue Reading
India’s Russian coal purchases spike despite sanctions
India’s purchases of Russian coal have spiked in recent weeks despite global sanctions on Moscow, as traders offer discounts of up to 30%, according to two trade sources and data Continue Reading