Europe may be facing energy rationing this winter, Shell CEO Ben van Beurden said July 14 at Aurora Energy’s spring forum in Oxford. Russian gas supply curtailments have left much Continue Reading
Electricite de France SA’s Tricastin nuclear plant in Saint-Paul-Trois-Chateaux, France. Photographer: Theo Giacometti/Bloomberg Output cuts at some French nuclear plants are expected to stretch into next week as a heatwave Continue Reading
The European Union is falling behind on its high-profile promises to deliver a substantial aid package to Ukraine at the same time the bloc is confronting the prospect of severe Continue Reading
The French should brace for a complete cutoff of Russian natural gas, French President Emmanuel Macron said Thursday, Bastille Day, calling on citizens to turn public lights off at night Continue Reading
Brent oil retreated after a bumper US inflation print bolstered expectations that the Federal Reserve will make further aggressive interest rate hikes. The global crude benchmark fell as much as Continue Reading
Oil prices fell on Thursday as investors weighed tight supplies against the prospect of a large U.S. rate hike that could stem inflation and curb crude demand. Brent crude futures Continue Reading
High fuel prices is beginning to weigh on consumption. The IEA has slashed its demand forecast, revising down its estimates by 100,000 bpd. “Higher prices and a deteriorating economic environment Continue Reading
Oil edged up on Wednesday, a day after settling below $100 a barrel for the first time since April, and gains were limited by a U.S. supply report showing rising Continue Reading
Iraq’s bid to boost oil export capacity at its Gulf ports has suffered a setback due to delays in pumping station upgrades, an Iraqi oil source said. OPEC’s second-largest oil Continue Reading
The head of the powerful armed group Hezbollah warned on Wednesday that “no one” would be allowed to operate in maritime oil and gas fields if Lebanon was barred from Continue Reading
