German conservative politicians have revived debate on extending the life of the country’s three remaining nuclear power plants, and polls show a rise in public support for the energy source Continue Reading
The European Union could ban the import and transit of some fuel oil from Russia around six months ahead of the planned deadline, an EU official and four traders told Continue Reading
High water temperatures threaten to reduce France’s already unusually low nuclear output, piling more pressure on operator EDF (EDF.PA) at a time when half its reactors are offline due to Continue Reading
Western sanctions and the exodus of international oil and engineering companies from Russia after Putin’s invasion of Ukraine will slow down Russia’s energy industry development. Russia’s claims that it can Continue Reading
New passenger car registrations in the European Union fell 15.4% year on year in June to 886,510 units, bringing the total sales for the first half of 2022 to 4.6 Continue Reading
The Met Office issued its most severe warning for next week with temperatures set to rise above 35 degrees Celsius. Photographer: Matthew Chattle/Future Publishing/Getty Images After strikes, transport disruption, soaring Continue Reading
Power plants in Germany are finding it increasingly difficult to source coal amid an energy crisis that is spiraling out of control as falling water levels on the Rhine river Continue Reading
The European Commission approved , under EU State aid rules, an Important Project of Common European Interest (IPCEI) to support research and innovation and first industrial deployment in the hydrogen Continue Reading
Wildfires raged across the tinder-dry country in Portugal, Spain, France and Croatia on Thursday, burning homes and threatening livelihoods, as much of Europe baked in a heatwave that has pushed Continue Reading
The euro has been on a steady decline this year. The euro’s slide below parity with the U.S. dollar reflects Europe’s sinking economic fortunes in the face of the war Continue Reading
With the reduced supply of Russian gas, Europe faces a harsh winter that could include energy rationing as European countries scramble to fill natural gas storage sites before November, according Continue Reading
Europe may be facing energy rationing this winter, Shell CEO Ben van Beurden said July 14 at Aurora Energy’s spring forum in Oxford. Russian gas supply curtailments have left much Continue Reading
Electricite de France SA’s Tricastin nuclear plant in Saint-Paul-Trois-Chateaux, France. Photographer: Theo Giacometti/Bloomberg Output cuts at some French nuclear plants are expected to stretch into next week as a heatwave Continue Reading
The European Union is falling behind on its high-profile promises to deliver a substantial aid package to Ukraine at the same time the bloc is confronting the prospect of severe Continue Reading
The French should brace for a complete cutoff of Russian natural gas, French President Emmanuel Macron said Thursday, Bastille Day, calling on citizens to turn public lights off at night Continue Reading
Kremlin-controlled energy giant Gazprom (GAZP.MM) said on Wednesday it could not guarantee the safe operation of a critical part of the Nord Stream 1 gas pipeline because of doubt over Continue Reading
The euro’s tumble below $1 for the first time in two decades puts it on course for one of the worst years in its history, especially if the energy price Continue Reading
Germany will stop importing Russian coal from August 1 and crude oil from December 31, the country’s deputy finance minister, Joerg Kukies said today, as quoted by Reuters. “We will Continue Reading
Nominations for Russian gas flows into Slovakia from Ukraine via the Velke Kapusany border point were steady on Thursday, while flows via the Nord Stream 1 pipeline remained shut due Continue Reading
As gas-hungry Europe revives coal plants, complicating its climate ambitions, the blistering heat this summer shows just what’s at stake. Southern France was slammed by a heat wave so intense Continue Reading
Commodity trader Trafigura has sold a multibillion-dollar stake in a giant Russian oil project to an obscure Hong Kong company that was set up just nine days before Russia invaded Continue Reading
Canadian Prime Minister Justin Trudeau said that the sanctions exception it made to return Russia’s repaired gas turbine was a “very difficult” decision to make, Reuters reported on Wednesday. Canada Continue Reading
The global economic outlook remains extremely uncertain, the head of the International Monetary Fund said on Wednesday, warning that further disruption in the natural gas supply to Europe could plunge Continue Reading
Ukraine, Russia agree to grain coordination centre Says deal sees joint controls for checking grain in ports Turkey would ensure safety of Black Sea export routes More work needed to Continue Reading
The biggest single pipeline carrying Russian gas to Germany began annual maintenance on Monday, with flows expected to stop for 10 days, but governments, markets and companies are worried the Continue Reading
– London’s Heathrow Airport asked airlines to stop selling tickets for summer departures on Tuesday, after it capped the number of passengers flying from the hub at 100,000 a day Continue Reading
Moscow’s plan to implement a new law enabling authorities to seize the assets of Western firms leaving the country failed to get through parliament before the summer recess, giving companies Continue Reading
Ukraine’s infrastructure ministry said in a statement Tuesday that 16 ships had passed through the Danube’s newly-reopened Bystre rivermouth in the last four days and that the opening up of Continue Reading
Russia’s huge exports of diesel and other fuel products that are being shunned by many in Europe are fast heading to a new destination: the Middle East. Flows to the Continue Reading
Russia’s oil exports rose back above $20 billion in June despite lower shipments abroad because of a rally in energy prices, according to the International Energy Agency. That was an Continue Reading
European natural gas prices gained for a second day as traders remain on edge over what to expect when Russia’s Nord Stream pipeline completes maintenance. The pipeline is shut for Continue Reading
As Russia pushes to find new buyers for its oil to skirt ever tougher Western sanctions, it is cutting into the market share of two of its allies — Iran Continue Reading
Russian and Ukrainian negotiators are scheduled to meet Wednesday in Istanbul , in the increasingly desperate effort to release huge amounts of grain from Ukraine’s ports and ship it to Continue Reading
British lawmakers have officially approved a 25% windfall tax on oil and gas producers that will earn the government nearly $6 billion in one year to put towards surging consumer Continue Reading
‘This is the first such incident against commercial shipping’. In the Ukrainian Port city of Mariupol, Russian-backed separatists have seized two foreign flagged ships. That’s according to Dryad Global’s latest Continue Reading
Iran plans to supply Russia with potentially hundreds of drones for its war in Ukraine, some with combat capabilities, a US official has said. White House National Security Adviser Jake Continue Reading
Germany, the world’s fourth-biggest economy, is preparing for all scenarios including a complete stop to Russian gas supplies once a regular 10-day maintenance period on the giant Nord Stream 1 Continue Reading
Eastern Germany is resorting to getting barge loads of fuel all the way from the North Sea oil port of Rotterdam as the nation pivots away from Russian supplies. Fuels Continue Reading
France’s soft-wheat output will drop about 7% to 32.9 million tons this year. Photographer: Nathan Laine/Bloomberg Heat, drought and storms have shrunk the wheat harvest in France, the European Union’s Continue Reading
Investor confidence in Germany’s economy slumped to the lowest since 2011 as the country faces the growing prospect of a recession and risks mount that it’s shut off from Russian Continue Reading
The hot weather hitting Europe this week is set to reduce power output from France’s fleet of nuclear reactors, risking even higher electricity prices as the continent endures its worst Continue Reading
Driven by fears that Russia may cut supply to Europe, the EU imported more LNG from the U.S. than pipeline gas from Russia for the first time ever. This insatiable Continue Reading
Since the start of the war in Ukraine, the United States and its allies have leaned on countries to buy less Russian oil in a bid to punish Moscow for Continue Reading
European countries are putting plans in place to manage gas supply and even ration power in case Russian gas flows stop completely or a planned outage at the Nord Stream Continue Reading
Germany on June 23 moved to stage two of its three-tier emergency gas plan after Russia reduced deliveries via the Nord Stream 1 pipeline. read more Annual maintenance on that Continue Reading
The ENI SpA headquarters office building seen through trees in Rome. Russia’s Gazprom PJSC will further cut gas supplies to Italy by about one third, the country’s energy giant Eni Continue Reading
Short-term German power prices more than doubled as calm weather and the expected halt of gas flows on the Nord Stream pipeline crimped supplies. Power for Monday surged to the Continue Reading
European natural gas fell after Canada said it would return a stranded turbine for a key Russian pipeline to Germany, raising optimism that tensions with Moscow over energy supplies will Continue Reading
The risk of a euro-area recession is growing as the likelihood of natural gas shortages rises and inflation remains at record levels, according to economists polled by Bloomberg. The probability Continue Reading
France’s energy-intensive companies are speeding up contingency plans and converting their gas boilers to run on oil as they seek to avoid disruption in the event any further reduction in Continue Reading
