Siemens Energy (ENR1n.DE) said on Tuesday it does not comprehend Gazprom’s (GAZP.MM) presentation of the situation with the Nord Stream 1 pipeline, which the Russian energy giant said will not Continue Reading
Incoming British prime Minster Liz Truss is planning a 40 billion pound ($46.22 billion) support package for businesses to help them cope with rising energy costs, Bloomberg News reported on Continue Reading
Energy bills for European households will surge by 2 trillion euros ($2 trillion) at their peak early next year, underscoring the need for government intervention, according to Goldman Sachs Group Continue Reading
German factory orders fell for a sixth month as inflation and uncertainty about energy supplies undermine Europe’s largest economy. Demand slipped 1.1% from June, driven by a slump in consumer Continue Reading
Reducing the availability of insurance services is seen by Western leaders as a way of reducing Russian crude exports. Russia stated last week that it would not sell oil to Continue Reading
Travelers alarmed at sky-high airfares this Christmas can add soaring fuel prices spurred in part by Russia’s weaponization of its energy resources to the list of factors to blame. The Continue Reading
Iran will raise its oil production capacity to over 4 million barrels per day (bpd) by the end of the current Iranian year that ends in March 2023, the chief Continue Reading
Indonesia raised subsidized fuel prices by about 30% on Saturday, as the government moves to rein in ballooning subsidies despite a risk of mass protests. The price of subsidised gasoline Continue Reading
The number of total active drilling rigs in the United States dropped by 5 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
U.S. employers hired more workers than expected in August, but moderate wage growth and a rise in the unemployment rate to 3.7% suggested the labor market was starting to loosen, Continue Reading
