Germany’s gas consumption rose too much last week to levels higher than in previous years, and without considerable gas conservation—including from households—Europe’s biggest economy will find it difficult to avoid Continue Reading
European Union countries agreed on Friday to impose emergency levies on energy firms’ windfall profits, and began talks on their next move to tackle Europe’s energy crunch – possibly a Continue Reading
In the weeks after Russia’s invasion of Ukraine on Feb. 24, Claudio Descalzi, CEO of Italian energy major Eni (ENI.MI) , embarked on a whirlwind of trips to gas suppliers Continue Reading
The eurozone’s annual rate of inflation hit double digits in September as uncertainty about the currency area’s ability to make it through the winter without power cuts continued to keep Continue Reading
Germany is currently in an “extremely tense situation” in terms of energy supply, Economy Minister Robert Habeck said on Friday, adding that Europe’s biggest economy still risks running out of Continue Reading
Russian exports of crude oil and refined products declined substantially in September, according to Petro-Logistics data cited by UBS commodity analyst Giovanni Staunovo. According to Petro-Logistics, total Russian crude oil Continue Reading
Dutch authorities have withdrawn the export license of the company operating the TurkStream gas pipeline from Russia to Turkey, the company, which is based in the Netherlands, said. South Stream Continue Reading
Oil prices fell on Thursday, with a stronger dollar paring the previous day’s more than $3 gain, though losses were capped by indications that the OPEC+ producer group might cut Continue Reading
Oil prices surged on Wednesday, with Brent up over 3% and WTI up nearly 4% shortly after the Energy Information Administration (EIA) reported surprise draws in U.S. crude oil inventory Continue Reading
Oil prices were broadly stable on Wednesday as pressure from a strengthening dollar and crude storage builds was offset by U.S. production cuts caused by Hurricane Ian. Brent crude futures Continue Reading
