Falling crude oil prices and declining oil exports resulted in a $3.2-billion drop in Russia’s oil revenues to $15.3 billion for September, the lowest monthly oil export revenue for Moscow Continue Reading
Highlights Situation ‘really critical’ for Europe this winter Novak questions which suppliers can replace Russian gas Deliveries to China to reach 22 Bcm in 2023 Russia’s Deputy Prime Minister Alexander Continue Reading
France’s CGT union, at the core of a weeks-long strike at oil major TotalEnergies (TTEF.PA) , walked away from wage talks on Thursday night, dashing hopes for an end to Continue Reading
A strike over wages has cut nuclear production at two power stations operated by EDF (EDF.PA) , a French FNME trade union representative said, while two other sites are preparing Continue Reading
Germany’s giant carmakers may have secured their own energy supplies but thousands of small suppliers faced with a squeeze from soaring bills risk upsetting production through the winter. More and Continue Reading
Nation’s reserves are 95% full two weeks ahead of schedule Region likely to avoid unusually cold winter: climate model Europe’s gas storage sites are more than 91% full. Photographer: Krisztian Continue Reading
Sweden’s incoming government will ask state-run utility Vattenfall AB to add nuclear power stations as the economy becomes increasingly electrified. “New reactors will be built in Sweden,” Ebba Busch, whose Christian Democrat Continue Reading
This northern port city is less than 25 miles away from two major oil refineries. But on Friday, the pumps at many gas stations were wrapped in red and white Continue Reading
The hard-left CGT trade union walked out of wage increase talks with TotalEnergies early on Friday, vowing to continue the strike at refineries that has crippled France’s fuel supply, despite Continue Reading
Highlights Fuel switching, LNG, efficiency and rationing Near term tough on Europeans, industry Europe will likely manage a drop in Russian natural gas supplies this winter as the war in Continue Reading
Nissan Motor Co Ltd (7201.T) will hand over its business in Russia to a state-owned entity for 1 euro ($0.97), it said on Tuesday, taking a loss of around $687 Continue Reading
French nuclear output is approaching the 30 GW mark slightly behind schedule as Economy Minister Bruno Le Maire on Oct. 11 called upon operator EDF to have 50 GW available Continue Reading
Europe is succeeding in diversifying its crude purchases ahead of the upcoming sanctions on Moscow, as its imports grew last month even as the share of Russian barrels shrank. Crude Continue Reading
Government requisitioning staff at Esso France depot CGT union says will challenge requisition in court France not ruling out staff requisitions at Total Dunkirk Government says strike ‘unbearable’ for consumers Continue Reading
Russia’s Deputy Prime Minister believes the country will maintain production at 9.9 million barrels per day in October. Vladimir Putin vowed that Russia would maintain this level of production until Continue Reading
Oil tankers are anchored in the Pacific Ocean near Long Beach, California. Photographer: Patrick T. Fallon/Bloomberg Asian refiners snapped up at least 12 million barrels of US crude oil in Continue Reading
Europe has managed to fill its gas storage sites to nearly 90%. Europe is paying high prices for LNG, and these prices are determined by traders in a tight market. Continue Reading
Europe needs to pay up to import liquefied natural gas, pray for a mild winter and cut energy demand as any sabotage of infrastructure or even deeper cuts to Russian Continue Reading
A Nissan Leaf electric automobile charges at a vehicle charging point in Moscow, Russia. Source: Bloomberg Nissan Motor Co. joined Toyota Motor Corp. in deciding to completely pull out of Continue Reading
London’s traffic congestion once meant that residents of the British capital had to endure some of the worst air quality in the developed world. In a bid to tackle an Continue Reading
Ukrainian cities and infrastructure are hit by Russian airstrikes for a second day – Monday saw the most widespread attacks for months The southern city of Zaporizhzhia was shelled again Continue Reading
Vladimir Putin’s forces in Ukraine are running out of weapons and ordinary Russians can now see that his invasion is badly misjudged, according to a senior British spy chief. Sir Continue Reading
Russia struck cities across Ukraine during rush hour on Monday morning, killing civilians and destroying infrastructure in apparent revenge after President Vladimir Putin declared an explosion on the bridge to Continue Reading
Russian crude exports averaged 2.99 million b/d in the month, down 290,000 b/d on the August levels and lowest since September 2021 when global oil demand was still recovering from Continue Reading
More than a fifth of France’s service stations were grappling with supply problems on Saturday, the energy ministry said, as strikes at refineries run by oil majors TotalEnergies (TTEF.PA) and Continue Reading
Gas consumption in Germany remains high in light of current tight supply. The inability to reduce natural gas consumption will only increase the risk of drawing down supplies in storage Continue Reading
An open-grid gas pipeline is pictured amid the energy crisis due to the Russian invasion of Ukraine in Troisdorf, near Bonn, Germany, July 19, 2022. REUTERS/Wolfgang Rattay BERLIN, Oct 10 Continue Reading
The external power supply to the Russian-occupied Zaporizhzhia nuclear plant was restored on Sunday, Ukraine’s state nuclear company Energoatom and the U.N.’s nuclear watchdog said. The plant, which is in Continue Reading
Germany’s expert commission charged with drawing up plans to ease the impact of soaring gas prices on consumers favors a one-off payment this year and a price break from next Continue Reading
The strikes that have hit French oil refineries and storage sites will continue on Monday, CGT trade union representatives at TotalEnergies (TTEF.PA) and ExxonMobil’s (XOM.N) Esso France told Reuters on Continue Reading
Storage silos for liquid natural gas at the Yukonhaven terminal at the Port of Rotterdam in Rotterdam, Netherlands. Photographer: Peter Boer/Bloomberg European natural gas prices slumped to the lowest level Continue Reading
Russian authorities said that a truck bomb on Saturday caused a fire and the collapse of a section of a bridge linking Russia-annexed Crimea with Russia — a key supply Continue Reading
An explosion tore through Russia’s bridge across the Kerch Strait to Crimea early on Saturday, severely damaging it in a major blow to Vladimir Putin more than seven months into Continue Reading
EU leaders remain divided over gas price cap European Commission to make proposals for EU summit Poland criticises Germany for big spending on compensation Leaders vow continued financial, military aid Continue Reading
Russian President Vladimir Putin has signed a decree, published on Friday, to set up a new operator for the Sakhalin 1 oil and gas project, following similar steps to seize Continue Reading
German factory output fell in August, driven by cutbacks in energy-intensive industries as costs surged following reductions in the supply of natural gas from Russia. With separate figures showing a Continue Reading
Russia’s ongoing aggression in Ukraine has forced the Kremlin to ramp up defense spending in a big way. The turbulence in Russian defense spending will probably increase in 2023. The Continue Reading
Highlights Next EU Council on Oct 20 Deeper reform ‘six months away’ EFET warns of damaging knock-on effects The European Commission has significant work to do on the design of Continue Reading
The French government is in favor of raising taxes for private jets next year by aligning the taxation of aviation fuels with that of fuels used by cars, environment minister Continue Reading
Britons confronted by staggering costs this winter are turning down the heating and putting on the jumpers, and that matters for energy markets. Keeping the thermostat a few degrees cooler Continue Reading
As Russian troops continued their retreat in southeastern Ukraine, the Kremlin-appointed “governor” of the Russian-occupied Kherson region made a suggestion to Russia’s defense minister Sergei Shoigu. “A lot of people Continue Reading
A small market in Orlovka, Kyrgyzstan, is still dominated by a statue of Lenin. With the Kremlin distracted by its flagging war more than 1,500 miles away in Ukraine, Russia’s Continue Reading
Vestas, a Danish wind energy firm, announced in September that it would be establishing an onshore wind turbine tower with a hub height measuring 199 meters. The giant structure is Continue Reading
France launched a national energy savings plan on Thursday, banking on a push to turn off lights and lower thermostats to avoid power and gas cuts over the winter. Although Continue Reading
Highlights Turkey becomes Russia’s third-biggest crude buyer Russian exports to Europe fall below 1 million b/d EU sanctions/G7 price cap seen redirecting more flows east Russian crude exports fell to Continue Reading
– Around 10% of petrol stations in the Paris region are having problems getting enough fuel supplies, French government spokesman Olivier Veran said on Friday, as strikes at four TotalEnergies Continue Reading
A new COVID-19 wave appears to be brewing in Europe as cooler weather arrives, with public health experts warning that vaccine fatigue and confusion over types of available vaccines will Continue Reading
Russian exodus tests limits of neighbours’ hospitality Some 200,000 flee Putin’s mobilisation into Kazakhstan Huge influx provokes concern in Central Asian host country New arrivals have to pay fast-rising rents Continue Reading
Flush with recent battlefield successes, Ukrainian officials are pressing their case for acquiring longer-range missiles to strike deeper into Russian-held territory, including Crimea, raising questions about how aggressively the Biden Continue Reading
Highlights Daily timing, temperature controls Russian gas supply down 40% September gas demand down 24% Italy has trimmed 15 days from its Winter 2022/23 domestic heating season as part of Continue Reading
