The New Acquisition Strategy Of U.S. Shale
The value of mergers and acquisitions in U.S. shale fell by 65% in the second quarter of 2022 compared to a year earlier. Now, interest in acquisitions appears to be Continue Reading
Rhine River to Drop Further as IEA Sees Prolonged Crisis
Water level at Kaub to fall to 33-centimeter marker by Aug. 15 River closure could significantly dent oil-product trade: FGE An exposed section of the Rhine River riverbed, due to Continue Reading
Ukraine resumes Russian oil flows to Hungary, Slovakia as bills settle
Oil flows have resumed from Russia to Hungary and Slovakia via the Ukrainian section of the Druzhba oil pipeline, Ukraine’s Naftogaz said on Thursday, days after being suspended over payment Continue Reading
Gas-Starved Europe Is About to Get a Pair of Floating LNG Units –
At least two floating liquefied natural gas terminals are heading for Europe in the next several months as the region clamors to replace supplies cut off after Russia’s invasion of Continue Reading
IEA: Russian Oil Output Resilient, But Could Drop With EU Embargo
Russian oil production and exports have been holding resilient in recent months, with much smaller declines than initially expected, the International Energy Agency (IEA) said on Thursday. But the agency’s Continue Reading
‘Not enough’ gas for European winter drives front season contract prices higher
Highlights Supply crunch, few sellers underpin winter price: traders UK winter hedging echoes upswings prior to winter 2018, 2021 Europe could run short of natural gas this winter, market sources Continue Reading
Putin’s War Hurls His Economy Back Four Years in One Quarter
President Vladimir Putin’s invasion of Ukraine set Russia’s economy back four years in the first full quarter after the attack, putting it on track for one of the longest downturns Continue Reading
Strikes at Ukraine nuclear plant prompt U.N. call for demilitarised zone
Russia and Ukraine accused each other of shelling Europe’s biggest nuclear power plant, compounding fears of a disaster as the U.N. chief said it should be made a demilitarised zone Continue Reading
Shipping disruption continues as Rhine water levels fall again in Germany
Water levels on the river Rhine in Germany have fallen again in dry weather on Friday, with some vessels no longer able to sail, shipping operators and brokers said. Rhine Continue Reading
Public buildings in Germany to be heated to 19° Celsius – econ minister
Public buildings in Germany should be heated to a maximum of 19 degrees Celsius (66.2°F) under planned legislation to save energy, the Sueddeutsche Zeitung quoted the economy minister as saying Continue Reading