Almost all of Portugal in severe drought after hot, dry May
Almost the whole of Portugal was in severe drought at the end of May, the country’s weather service said Thursday. The month of May was the hottest in the southern Continue Reading
Russia turns to Donbas conscripts to fill front lines
Andrey, a young car mechanic, was walking through the city of Horlivka in separatist-controlled eastern Ukraine with his friend Elena in late March when they were stopped by a military Continue Reading
Why Is The UK Sending Gasoline To America As Prices Explode?
The UK shipped 1.85 million barrels of gasoline to the United States in May. UK gasoline prices are as much as $3 per gallon higher than in the U.S. Taxes Continue Reading
Oil falls as U.S. inflation data surges; China imposes lockdowns
Oil prices fell on Friday, after U.S. consumer prices rose more than expected and China imposed new COVID-19 lockdown measures. Brent crude fell $1.06 to settle at $122.01 a barrel. Continue Reading
Oil Slips at End of Week as Traders Weigh China’s Demand Outlook
Oil dipped at the end of the week — trimming a seventh weekly gain — as investors weighed China ’s bumpy return from virus curbs. West Texas Intermediate futures slipped Continue Reading
Goldman Sachs Says Energy Prices Not High Enough to Curb Demand
Energy prices would have to climb further for Americans to start cutting consumption, according to Goldman Sachs Group Inc. “Prices aren’t high enough yet to reduce demand growth sufficiently,” Damien Continue Reading
Explainer: What does a diplomatic row mean for Spain’s Algerian energy supplies?
Algeria suspended a 20-year friendship treaty with Spain this week and moved to limit trade with its northern neighbour, raising more questions about the potential impact on the long-established gas Continue Reading
Saudi Arabia Cuts Oil Volumes To China For July
Saudi Arabia will ship lower-than-nominated crude oil volumes to some of its Chinese buyers next month. Many buyers in Asia have asked for more Saudi crude oil for July. This Continue Reading
Libya’s Oil Exports To Dip Again Amid Renewed Port Blockades
Libyan oil production and exports are set to drop again after two export terminals were blocked on Thursday, and protesters threatened on Friday to close another oil port. Groups of Continue Reading
Libyan oil supply outages intensify as political crisis deepens
Protestors shut Sarir oilfield, Es Sider terminal Threat to exports at Ras Lanuf Port Analysts expect larger, longer supply outages Libya’s oil sector has been hit by more supply disruptions Continue Reading