The Bank of England this week is expected to push through the biggest interest-rate increase in 27 years and unveil its strategy for unwinding some of the £895 billion ($1.1 Continue Reading
Along most of the front line in Russia’s war in Ukraine, when one side lets loose with an artillery attack, the other shoots back. But not in Nikopol, a city Continue Reading
Delivery of a Nord Stream 1 gas turbine to Germany from Canada after maintenance was not in line with the contract, Gazprom’s (GAZP.MM) senior manager said on Friday, stepping up Continue Reading
Western leaders are preparing for the possibility that Russian natural gas flows through the key Nord Stream pipeline may never return to full levels. WSJ’s Shelby Holliday explains what an Continue Reading
The United States and its allies are leaning heavily on economic sanctions to punish Russia for its invasion of Ukraine. But a key element in that strategy, restrictions on Russian oil Continue Reading
Russian Sakhalin Energy Investments Co is asking the buyers of its liquefied natural gas to pay for it via the Moscow branch of an international bank, Reuters has reported , Continue Reading
Berlin, Germany’s capital, and other cities have started turning off the spotlights on historic monuments and municipal buildings in an effort to conserve energy ahead of winter. “In view of Continue Reading
Russia is boosting natural gas shipments to China as it curbs flows to Europe, a dynamic that may offer some respite from the unprecedented rally in energy costs, according to Continue Reading
Russian gas producer Gazprom (GAZP.MM) said on Saturday it had stopped supplying neighboring Latvia with gas, accusing it of violating conditions for gas withdrawal. Russia has already cut off gas Continue Reading
MOSCOW, July 29 (Reuters) – Russia’s idled primary oil refining capacity was revised up to 2.591 million tonnes in August, up 34% from the previous estimate, sources citing refinery maintenance Continue Reading
The Ukrainian military said on Saturday it had killed scores of Russian soldiers and destroyed two ammunition dumps in fighting in the Kherson region, the focus of Kyiv’s counter-offensive in Continue Reading
Germany’s economy is extremely resilient and more than capable of withstanding the impact of Russia cutting gas supplies, according to the chief executive officer of the country’s leading bank. While Continue Reading
When Ukraine pushed Russian forces back from the country’s second-largest city of Kharkiv in May, they quickly headed to the border to dig their flag into Ukrainian soil that, for Continue Reading
As Russia tightens its chokehold on supplies of natural gas, Europe is looking everywhere for energy to keep its economy running. Coal-fired power plants are being revived. Billions are being Continue Reading
Russia has tasked mercenaries to hold sections of the frontline in Ukraine in a sign it is running short of combat infantry, Britain’s Ministry of Defence said on Friday, as Continue Reading
Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices driven partly by Russia’s war in Ukraine , but Continue Reading
Russian advances in Ukraine have slowed almost to a standstill as newly delivered Western weapons help Ukrainian forces reclaim much of the advantage they had lost in recent months, opening Continue Reading
Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that will make it harder, and costlier, for Continue Reading
Germany approved plans for the government’s special “climate and transformation fund” to invest 177.5 billion euros ($180 billion) over the next four years to help accelerate the shift to an Continue Reading
Ukraine plans to reopen its deep water ports on July 28, market sources said, enabling the departure of ships that have been stranded in Ukraine’s deep sea ports, laden with Continue Reading
A small army of combine harvesters rolled across an endless farm field on a recent afternoon in western Ukraine, kicking dust clouds into the blue sky as the machines gathered Continue Reading
Reduced gas flows via the Nord Stream 1 pipeline have further complicated the plan to fill gas storage units across Europe. The goal of the European Union as a whole Continue Reading
European Union countries bracing for further cuts in Russian gas supply on Tuesday approved a weakened emergency plan to curb demand, after striking compromise deals to limit reductions for some Continue Reading
A view shows pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline in Lubmin, Germany, July 21, 2022. REUTERS/Annegret Hilse/File Photo Germany’s export industries brace for further Continue Reading
Global LNG Competition Intensifies on Russia Supply Cut Bloomberg News The Kremlin is likely to keep vital gas flows to Europe at minimal levels as long as the standoff over Continue Reading
Germany’s economic prospects are worsening by the day as record inflation haunts households and threats swirl over supplies of everything from Russian natural gas to manufacturing components. Growth in Europe’s Continue Reading
European gas prices have surged 30 percent in two days after Russia deepened supply cuts to the continent in Moscow’s latest attempt to weaponize energy supplies. Futures contracts for delivery Continue Reading
Russia’s oil giant Rosneft on Tuesday said it had launched construction works on an oil terminal for its Vostok Oil project in the Arctic, expecting the port to become the Continue Reading
Highlights Political agreement to be specified in coming days Geographical, some sector derogation possible TTF prices rise with focus on demand destruction EU energy ministers have agreed to voluntary gas Continue Reading
Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that will make it harder, and costlier, for Continue Reading
Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that will make it harder, and costlier, for Continue Reading
. The euro area is probably already contracting, according to Goldman Sachs Group Inc. The recession will last until the end of the year, economists led by Jari Stehn said, Continue Reading
Shipping companies are not rushing to export millions of tons of trapped grain out of Ukraine, despite a breakthrough deal to provide safe corridors through the Black Sea. That is Continue Reading
Gazprom’s MoU with the Iranian NIOC marks the next major step in oil and gas cooperation between the two countries. Gazprom has pledged its full assistance to the NIOC in Continue Reading
Russia tightened its gas squeeze on Europe on Monday as Gazprom (GAZP.MM) said supplies through the Nord Stream 1 pipeline to Germany would drop to just 20% of capacity. Gazprom Continue Reading
Russia’s cut in supplies through its main gas pipeline to Germany will leave countries unable to meet goals to refill storage and Europe’s biggest economy faced with rationing industry to Continue Reading
European Union countries are seeking to soften the bloc’s plan to require them to use less gas as Europe prepares for a winter of uncertain supplies from its main gas Continue Reading
One of every six German industrial companies feels forced to reduce production due to high energy prices, a survey by the Association of German Chambers of Industry and Commerce, DIHK, Continue Reading
Highlights State subsidies, renewed export flows boost processing economics Legislation changes, sanctions could pose new challenges Russian refineries are reaping the benefits of state subsidies for domestic production coupled with Continue Reading
European Union countries agreed on Tuesday to an emergency regulation to curb their gas use this winter, as Europe prepares for a winter of uncertain supplies from Russia. “This was Continue Reading
Russian energy giant Rosneft (ROSN.MM) said on Tuesday it has started construction of an Arctic oil terminal at the Bukhta Sever port, part of its huge Vostok Oil project, aimed Continue Reading
European gas prices hit a five-month high after Russia deepened supply cuts to the continent in Moscow’s latest attempt to weaponize energy supplies. Futures contracts for delivery next month tied Continue Reading
The European Union is seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts, Matthew Baldwin, deputy director general of the European Commission’s energy department, Continue Reading
Siemens Energy (ENR1n.DE) handed over Canadian documentation to Russian gas giant Gazprom (GAZP.MM) on Sunday which would allow the transport of turbines for the Nord Stream 1 gas pipeline, Russia’s Continue Reading
Russia attacked Odesa’s sea port with cruise missiles hours after signing a deal to unblock Ukrainian grain exports from three Black Sea ports, including Odesa, that was hailed as a Continue Reading
Agnes Pannier-Runacher The French government is doubling down on calls to save energy amid rising prices and the war in Ukraine. Agnes Pannier-Runacher, minister for energy transition, said steps include Continue Reading
German Foreign Minister Baerbock urges Canada to deliver gas turbine to Russia. Baerbock: Full stop of Russian gas flows could lead to popular uprisings in Germany. Europe must brace for Continue Reading
European Union countries are seeking to soften the bloc’s plan to require them to use less gas as Europe prepares for a winter of uncertain supplies from its main gas Continue Reading
Pipes are pictured at a gas compressor station in Mallnow, Germany, November 1, 2021. REUTERS/Hannibal Hanschke//File Photo BERLIN, July 25 (Reuters) – Germany is back on the path of decent Continue Reading
City workers cross London bridge during a heatwave in London, on July 18. Follow us at @BloombergUK and on Facebook , and wrap up your day with The Readout newsletter Continue Reading
