Germany To Halt Russian Coal Imports Next Month
Germany will stop importing Russian coal from August 1 and crude oil from December 31, the country’s deputy finance minister, Joerg Kukies said today, as quoted by Reuters. “We will Continue Reading
Russian gas flows through Ukraine and eastbound Yamal flows steady
Nominations for Russian gas flows into Slovakia from Ukraine via the Velke Kapusany border point were steady on Thursday, while flows via the Nord Stream 1 pipeline remained shut due Continue Reading
Europe Is Frying in Devastating Heat Even as it Brings Back Coal
As gas-hungry Europe revives coal plants, complicating its climate ambitions, the blistering heat this summer shows just what’s at stake. Southern France was slammed by a heat wave so intense Continue Reading
Trafigura sells stake in Putin-backed oil project to obscure HK trading outfit
Commodity trader Trafigura has sold a multibillion-dollar stake in a giant Russian oil project to an obscure Hong Kong company that was set up just nine days before Russia invaded Continue Reading
Trudeau: Decision To Return Russian Gas Turbine Was “Very Difficult”
Canadian Prime Minister Justin Trudeau said that the sanctions exception it made to return Russia’s repaired gas turbine was a “very difficult” decision to make, Reuters reported on Wednesday. Canada Continue Reading
IMF chief warns natural gas disruptions could trigger recession in Europe
The global economic outlook remains extremely uncertain, the head of the International Monetary Fund said on Wednesday, warning that further disruption in the natural gas supply to Europe could plunge Continue Reading
Turkey reports deal to restore Ukrainian grain exports, UN says more work needed
Ukraine, Russia agree to grain coordination centre Says deal sees joint controls for checking grain in ports Turkey would ensure safety of Black Sea export routes More work needed to Continue Reading
Oil edges higher after slide below $100
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
Oil Sinks on Demand Concerns as IEA Sees Energy Crisis Enduring
Oil extended losses as a Covid-19 resurgence in China added to concerns about a global economic slowdown, with the International Energy Agency warning the worst of the energy crisis may Continue Reading
Oil Falls to Three-Month Low as Recession Fears Spook Market
IEA’s Birol: Worst of Global Energy Crisis May Be Ahead Oil tumbled as concerns about a global economic slowdown and growing Covid-19 cases in China reduced traders’ appetite for risk. Continue Reading