Germany Is Now Paying Russia More Money For Fewer Imports
In July, Germany reported a 45.8% reduction in imports from Russia compared to a year ago, but the value of those imports had increased by over 10%. This increase in Continue Reading
EU Gears Up to Tax Fossil Fuel Companies Amid Energy Crisis
The European Union is preparing to propose a plan that would force fossil fuel companies taking in windfall profits from surging oil and gas prices to submit financial contributions to Continue Reading
Putin Has Squandered Soviet Energy Legacy
Public Policy This is part two of a condensed and lightly edited transcript of an interview with Soviet and Russian energy specialist Thane Gustafson. In part one, he described the Continue Reading
Kremlin: no discussion of mobilisation after military setbacks in Ukraine
The Kremlin said on Tuesday there was no discussion of a nationwide mobilization to bolster the country’s military campaign in Ukraine, days after a surprise Ukrainian offensive drove Russia out Continue Reading
EU is unlikely to cap price of Russian gas – the Guardian
The European Union is retreating from imposing a price cap on Russian gas, but pushing ahead with windfall taxes on energy companies’ surplus profits, the Guardian reported on Tuesday, citing Continue Reading
Smallest French Corn Crop Since 1990 Shows Drought’s Huge Toll
French farmers are collecting their smallest corn crop in more than three decades, highlighting the massive toll that summer drought has wrought on Europe’s food supplies. Heat and dryness gripped Continue Reading
Europe Gas Slumps Again as EU Plans Intervention to Fix Crisis
Natural gas prices fell for a third day as the European Union pushes ahead with its market intervention to ease the worst energy crisis in decades. Benchmark prices dropped as Continue Reading
Germany Plans $68 Billion Loan Guarantees for Energy Firms
Germany is set to use a fund created to help companies cope with the economic hit from the pandemic to provide loan guarantees for struggling energy firms, according to a Continue Reading
Fuel for Thought: G7 price cap on Russian oil hangs on Asia’s ability to squeeze Russia
China and India hold the key to the success, or failure, of a price cap on Russian oil proposed by the G7. Asia’s largest oil consumers are expected to buy Continue Reading
Oil Rises With Dollar’s Descent Countering Demand Worries
Oil wiped out an earlier decline as a slump in the dollar offset mounting concerns that global demand is weakening. The global Brent benchmark rose to trade near $94 a Continue Reading