The three stages of Germany’s emergency gas plan
Germany on June 23 moved to stage two of its three-tier emergency gas plan after Russia reduced deliveries via the Nord Stream 1 pipeline. read more Annual maintenance on that Continue Reading
Gazprom Curtails Gas Flows to Italy by One Third in Further Cut
The ENI SpA headquarters office building seen through trees in Rome. Russia’s Gazprom PJSC will further cut gas supplies to Italy by about one third, the country’s energy giant Eni Continue Reading
German Power Prices Jump on Little Wind and Less Russian Gas
Short-term German power prices more than doubled as calm weather and the expected halt of gas flows on the Nord Stream pipeline crimped supplies. Power for Monday surged to the Continue Reading
Europe Gas Falls as Return of Key Pipeline Part May Ease Tension
European natural gas fell after Canada said it would return a stranded turbine for a key Russian pipeline to Germany, raising optimism that tensions with Moscow over energy supplies will Continue Reading
Euro-Zone Recession Risk Seen Rising Even as Inflation Peak Near
The risk of a euro-area recession is growing as the likelihood of natural gas shortages rises and inflation remains at record levels, according to economists polled by Bloomberg. The probability Continue Reading
Fearing Russian gas shut-off, France’s industry turns to oil
France’s energy-intensive companies are speeding up contingency plans and converting their gas boilers to run on oil as they seek to avoid disruption in the event any further reduction in Continue Reading
Ukraine tells residents to leave occupied south due to counter-attack plans
Ukraine’s deputy prime minister on Sunday urged civilians in the Russian-occupied southern region of Kherson to urgently evacuate as Ukraine’s armed forces were preparing a counter-attack there. Ukraine lost control Continue Reading
Ukraine War Pushes Millions of the World’s Poorest Toward Starvation
The young victims of an intensifying global food crisis are being buried in unmarked graves. In crowded malnutrition wards, families are waiting for one ailing child to be discharged before Continue Reading
Ukraine’s Defense Minister Says It Has ‘Passed Test’ on New U.S. Guided Rockets, Needs More
Ukraine’s defense minister said his country has “passed the test” with its successful use of recently delivered American long-range artillery systems, but stressed the high attrition rate along its extensive Continue Reading
Oil heads for weekly loss as recession fears trump tight supply
Oil slipped in volatile trade on Friday and was heading for a weekly decline as concern over a potential recession-driven demand downturn outweighed tight global supplies. Central banks are raising Continue Reading