Record U.S. LNG Exports To Europe May Not Last
U.S. LNG exports to Europe increased substantially since the beginning of the year. The EU’s gas storage refill bill amounts to 10 times its usual. LNG exports have already resulted Continue Reading
Energy Crisis Could Lead To Food Shortages In Europe
European farm and food groups said soaring energy prices could lead to shortages of fruit and vegetables, as high utility bills force more companies to curb production. “Refrigeration and cooling Continue Reading
Ukraine troops sweep ahead after Russian collapse in northeast
Ukrainian forces swept further across territory seized from fleeing Russian troops on Monday, as Moscow grappled with the consequences of the collapse of its occupation force in northeastern Ukraine. Ukraine’s Continue Reading
Europe props up energy firms amid liquidity crunch
More European energy companies have secured extra funds from governments and banks as soaring gas and power prices following Russia’s invasion of Ukraine have driven up margin call requirements and Continue Reading
European Manufacturers Reel From Russian Gas Shutoff
European industry thrived for decades on a steady supply of cheap Russian gas , which flowed uninterrupted throughout the Cold War and other times of tension between Moscow and the Continue Reading
Why Europe Won’t Exploit Its Huge Gas Reserves
Estimates show that Europe has more recoverable shale gas than the U.S. Despite its huge gas reserves, hydraulic fracturing has many opponents in Europe. Fracking in Europe has long been Continue Reading
Ineos Renews Shale Gas Offer
Ineos has renewed its offer to the UK government. Ineos has announced that it is renewing its offer to the UK Government and new Prime Minister Liz Truss to drill Continue Reading
Oil supported by supply threats yet still set for weekly drop on demand fears
Oil rose on Friday supported by real and threatened cuts to supply, although crude was set for a second weekly decline as aggressive interest rate hikes and China’s COVID-19 curbs Continue Reading
Oil Pares Weekly Decline Spurred by China Demand Concerns
Oil pared some of its second consecutive weekly loss, casting relief at the end of a week burdened by demand concerns, rising stockpiles, and the possibility the Biden administration may Continue Reading
In a Power Crisis, South Africans Adjust to Life in the Dark
Blackouts, long a problem in South Africa, reached a new level of crisis in recent months, affecting every facet of life. South Africans call it “loadshedding.” The state-owned power supplier, Continue Reading