Europe may struggle to tap LNNG to replace missing Russian supply. Source: Bloomberg Natural gas prices in Europe increased on Wednesday amid risks that the supply situation could deteriorate as Continue Reading
The worst drought Italy has faced in 70 years is thirsting paddy fields in the river Po valley and jeopardizing the harvest of the premium rice used for risotto. Italy’s Continue Reading
The UK will cut off gas supplies to mainland Europe if it is hit by severe shortages under an emergency plan that energy companies warn risks exacerbating a crisis on Continue Reading
The US will increase its military deployments in Europe as part of a scaling up of Nato defenses, President Joe Biden said, in response to Russia’s invasion of Ukraine. Biden Continue Reading
NATO’s top official said Tuesday that Turkey had dropped its objections to the membership of Sweden and Finland, two historically nonaligned nations that, alarmed by Russia’s invasion of Ukraine, have Continue Reading
President Biden unveiled an enhanced U.S. posture in Europe on Wednesday, announcing that the NATO alliance would be “ready for threats in all directions.” The new U.S. military deployments include Continue Reading
MP Andrey Gurulyov said that Europe would ‘croak’ if Russia attacked its no.1 oil hub in the Netherlands. Gurulyov’s muscle-flexing doesn’t reflect Russia’s official state policy. Europe’s energy infrastructure is Continue Reading
In the first quarter of next year, the countries of the European Union will have to cut their usage of natural gas by up to 30% in preparation for a Continue Reading
OEUK Chief Executive Deirdre Michie warned that the new tax risks driving away UK oil and gas investment. The UK government’s decision to impose a 65 percent tax rate on Continue Reading
Libya on verge of declaring force majeure, adding to Ecuador woes UAE at maximum output, Saudi has only 150,000 b/d spare capacity: Macron Crude oil futures were higher in mid-morning Continue Reading
