Europe Imports Record LNG Volumes
Europe is importing record levels of liquefied natural gas (LNG) this year as it looks to reduce dependence on Russian pipeline gas and fill gas storage ahead of next winter. Continue Reading
UK to end plug-in vehicle grant to focus on expanding EV charging network
Highlights Grant was always temporary: government Supporting purchase of other road vehicles EV running-cost savings often exceed grant: minister The UK government has decided to close the plug-in vehicles grant Continue Reading
New Development In Iran, Greece Tanker Seizure Story
‘The move significantly lowers tensions’. A Greek court has overturned an earlier court ruling that allowed the confiscation by the United States of part of a cargo of Iranian oil Continue Reading
The 19th-Century Technology Driving Russia’s Latest Gains in Ukraine: Railroads
Russian forces have advanced in eastern Ukraine over recent weeks behind overwhelming artillery barrages, a shift in fortunes made possible by better access to rail lines delivering tons of ammunition Continue Reading
Europe imports more South African coal as Russian ban looms
European countries, scrambling to secure alternatives to Russian coal, imported 40% more coal from South Africa’s main export hub in the first five months of this year than over the Continue Reading
European official raises alarm about Russia flying Western-made airplanes
The European Union’s top aviation safety regulator said on Tuesday that he is “very worried” about the safety of Western-made aircraft continuing to fly in Russia without access to spare Continue Reading
Gazprom Cuts Gas Flows to Italy by About 15%, Eni Says
Gazprom said Tuesday it’s reducing flows through Nord Stream. Gazprom PJSC has cut gas supplies to Italy, state-controlled oil giant Eni SpA said Wednesday, citing a communication from the Russian Continue Reading
Russia’s Oil Revenue Jumps to $20 Billion in May, IEA Says
Russia’s oil-export revenues surged to around $20 billion in May despite shipping lower volumes, as a rally in global energy prices buoyed its coffers, according to the International Energy Agency Continue Reading
Heat Wave Spreads Across Europe as Summer Highs Come Early
Even under the shade of large umbrellas at Terraza Colon cafe in the heart of Madrid, it was hot. The tables were empty. “June is one of the best months Continue Reading
Oil prices rise as tight supply counters China COVID, recession worries
Oil prices rose on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh COVID-19 curbs in China. Brent crude futures Continue Reading