Germany’s Utilities: Gas Supply Will Worsen
The association of German utilities is calling on the federal government to create a system for early warning about a potential drop in gas supply, noting that there are “serious Continue Reading
EU Assesses No-Russian-Gas Scenario For Next Winter
As part of drafting contingency plans to meet natural gas demand, the European Union is currently assessing all scenarios, including the possibility of a halt in Russian gas supply to Continue Reading
Diesel Crisis In Europe Worsens As Austrian Energy Giant Limits Sales
Earlier this week, we quoted the heads of some of the world’s biggest independent energy trades, who spoke at the FT Commodities Global Summit in Lausanne, Switzerland and unveiled a Continue Reading
Russia’s War Is Intensifying The Auto Industry’s Supply Worries
Compounding ongoing supply chain concerns, Russia’s war on Ukraine is posing a major problem for the auto industry. The industry has already spent the past two years trying to catch Continue Reading
China Is Quietly Taking Cheap Russian Crude as India Buys More
China’s oil refiners are discreetly purchasing cheap Russian crude as the nation’s supply continues to seep into the market. Unlike India’s state-run oil refiners, which have issued a number of Continue Reading
Russia’s invasion of Ukraine sparks fierce debate in China
Chinese internet users called it a “proxy war”: three weeks ago, two pensioners in a Shanghai park got into a fight over the Ukraine conflict that left Russia backing Shen Continue Reading
Geely questions future in Russia despite opening for China’s carmakers
Geely is examining its future in Russia, casting doubt on expectations that China’s carmakers would push further into the country to take advantage of the exodus of international groups following Continue Reading
Asian gas buyers puzzle over Putin’s demand for payment in roubles
Asian importers of Russian gas were scrambling on Thursday after Russian President Vladimir Putin said “unfriendly” countries must pay for Russian gas in roubles, in the latest jolt to global Continue Reading
Putin Demands Ruble Payment for Gas, Escalating Energy Fight
Russia plans to demand ruble payments for natural gas purchases from European nations, deepening its standoff with the west and potentially aggravating Europe’s worst energy crunch since the 1970s. Gas Continue Reading
U.S., Europe Closing In on Deal to Cut Demand for Russian Energy
JPMorgan Chase CEO Jamie Dimon told President Biden that the U.S. needs a “Marshall Plan” for developing more domestic natural gas. The Biden administration and European Union are close to Continue Reading