Europe’s Race To Ensure Gas Supply Comes At A Cost
Europe has managed to fill its gas storage sites to nearly 90%. Europe is paying high prices for LNG, and these prices are determined by traders in a tight market. Continue Reading
Atlantic basin diesel refining margins hit record as French strikes drag on
Diesel refining margins in both Europe and the United States have hit all-time highs as strikes at French refineries exacerbate a global shortage of distillate fuels. The price of diesel, Continue Reading
Analysis: Russian gas supply gap casts chill in Europe as winter nears
Europe needs to pay up to import liquefied natural gas, pray for a mild winter and cut energy demand as any sabotage of infrastructure or even deeper cuts to Russian Continue Reading
Nissan to Fully Exit Russia Market, Expects ¥100 Billion Loss
A Nissan Leaf electric automobile charges at a vehicle charging point in Moscow, Russia. Source: Bloomberg Nissan Motor Co. joined Toyota Motor Corp. in deciding to completely pull out of Continue Reading
London’s Deadly, Polluted Air Turned the City Into an EV Pioneer
London’s traffic congestion once meant that residents of the British capital had to endure some of the worst air quality in the developed world. In a bid to tackle an Continue Reading
Blackouts as Ukrainian city hit by fresh Russian strikes
Ukrainian cities and infrastructure are hit by Russian airstrikes for a second day – Monday saw the most widespread attacks for months The southern city of Zaporizhzhia was shelled again Continue Reading
Russians running out of arms in Ukraine, says UK spy chief
Vladimir Putin’s forces in Ukraine are running out of weapons and ordinary Russians can now see that his invasion is badly misjudged, according to a senior British spy chief. Sir Continue Reading
Oil’s Rally Stalls on Concerns Slowdown to Erode Energy Demand
Oil fell as risks to demand from a global slowdown halted a powerful rally triggered by OPEC+’s decision to defy the US by cutting supply. West Texas Intermediate dropped toward Continue Reading
Oil falls as investors take profit amid China demand concerns
Oil prices fell on Monday, snapping five days of gains, as investors took profits after a report on slowing economic activity in China, the world’s biggest crude importer, re-ignited concerns Continue Reading
Opec oil production cuts bad for global economy, says Yellen
US Treasury secretary Janet Yellen said the move by Opec+ to cut oil production was “unhelpful and unwise” for the global economy, particularly emerging markets already struggling with high energy Continue Reading