European governments are drafting drastic measures to cut energy demand and survive the winter without natural gas from Russia. That’s going to be a huge challenge. Gas prices have eased Continue Reading
EU energy ministers are looking at steps to prevent Russia’s gas supply cutoff from unleashing rationing, blackouts or even social unrest. Maria Tadeo reports. Natural gas prices dropped, with the Continue Reading
The Olkiluoto-3 nuclear reactor plant in Finland. Power output at Europe’s newest reactor exceeded a landmark 1,000 megawatts on Friday morning just as the power market needs all the megawatts Continue Reading
European energy ministers are debating plans for an intervention in the continent’s energy markets at an emergency meeting that is aimed at tamping down soaring electricity prices . Diplomats said Continue Reading
It was the summer of 2022 that finally orphaned the Scex Rouge glacier, breaking the connection that linked it to its larger parent for millennia. Only last year, three meters Continue Reading
Oil steadied after slumping Wednesday with investors assessing global demand as China pushes on with its Covid Zero policy and central banks tighten monetary policy to fight inflation. West Texas Continue Reading
Oil prices fell on Thursday, extending sharp losses from the previous session, as China’s extension of lockdown measures to curb the COVID-19 spread exacerbated concerns that a slowdown in economic Continue Reading
Oil prices rose on Wednesday on threats that Russia will walk away from its energy supply contracts, reversing losses from earlier in the session when prices fell to their lowest Continue Reading
A drought in China has had ripple effects for businesses around the globe.Credit…Thomas Peter/Reuters Chinese factories were shuttered again in late August, a frequent occurrence in a country that has Continue Reading
On most days in the Iraqi capital, jackhammers and electric drills provide the soundtrack to a construction boom, with multistory restaurants taking shape and a new $800 million central bank Continue Reading
