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Author: Tom Whipple

Category:
  • Sweden

Sweden’s Incoming Cabinet Says Will Build New Nuclear Reactors

Sweden’s incoming government will ask state-run utility Vattenfall AB to add nuclear power stations as the economy becomes increasingly electrified. “New reactors will be built in Sweden,” Ebba Busch, whose Christian Democrat Continue Reading

Posted On : 14 Oct 2022 Published By : Tom Whipple
Category:
  • France

French Refineries Strike May Presage a Winter of Discontent for Europe

This northern port city is less than 25 miles away from two major oil refineries. But on Friday, the pumps at many gas stations were wrapped in red and white Continue Reading

Posted On : 14 Oct 2022 Published By : Tom Whipple
Category:
  • France

Refinery Strikes Continue In France As Union Rejects Pay Rise Offer

The hard-left CGT trade union walked out of wage increase talks with TotalEnergies early on Friday, vowing to continue the strike at refineries that has crippled France’s fuel supply, despite Continue Reading

Posted On : 14 Oct 2022 Published By : Tom Whipple
Category:
  • EU

Europe facing gas insecurity, ‘uncontrolled deindustrialization’ through 2025

Highlights Fuel switching, LNG, efficiency and rationing Near term tough on Europeans, industry Europe will likely manage a drop in Russian natural gas supplies this winter as the war in Continue Reading

Posted On : 14 Oct 2022 Published By : Tom Whipple
Category:
  • Arctic

Russia Sanctions Spur Buying Frenzy for Ice-Breaking Tankers

The cost of oil tankers that can navigate icy waters has surged. The cost of oil tankers that can navigate icy waters has surged ahead of looming European Union sanctions Continue Reading

Posted On : 14 Oct 2022 Published By : Tom Whipple
Category:
  • Prices

Oil Heads for Longest Losing Run Since 2021 on Slowdown Concerns

Oil fell for a fourth day, set for the longest losing run in more than a year, as investors fretted that a global slowdown would hurt energy consumption and an Continue Reading

Posted On : 13 Oct 2022 Published By : Tom Whipple
Category:
  • Prices

Oil Prices Under Pressure As Standard Chartered Lowers Global Demand Forecast

Standard Chartered has lowered its global oil demand outlook for next year, suggesting that oil demand won’t break the all-time highs of 2019. The decision by OPEC+ to cut its Continue Reading

Posted On : 13 Oct 2022 Published By : Tom Whipple
Category:
  • IMF

IMF Recession Warning Deals Blow To Oil Prices

Crude oil prices extended their slide after the International Monetary Fund reported an update to its global economic projections for this year, which deepened fears of recession. In the latest Continue Reading

Posted On : 13 Oct 2022 Published By : Tom Whipple
Category:
  • Oil Supply

Analysts No Longer Expect 2023 Oil Demand to Pass All Time High

Analysts at Standard Chartered no longer expect 2023 average global oil demand to surpass 2019’s all-time high. Analysts at Standard Chartered have announced in a new report that they no Continue Reading

Posted On : 13 Oct 2022 Published By : Tom Whipple
Category:
  • Oil Supply

Oil Falls After API Reports Large Crude Inventory Build

The American Petroleum Institute (API) reported a large build this week for crude oil of 7.054 million barrels. U.S. crude inventories have grown by roughly 28 million barrels so far Continue Reading

Posted On : 13 Oct 2022 Published By : Tom Whipple

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