How Long Will Europe’s Gas Crisis Last? Traders Have an Answer
For a glimpse of how much longer this year’s energy crunch is going to last, look no further than the European natural gas market. Forward prices have more than doubled Continue Reading
US and Russia to hold talks over Ukraine in early January, says Putin
Vladimir Putin said the US and Russia would meet in January in Geneva for talks over Ukraine, which he said were essential to protect Moscow from what he claimed were Continue Reading
Russian mercenaries deploy to eastern Ukraine – sources
Russian mercenaries have deployed to separatist-controlled eastern Ukraine in recent weeks to bolster defences against Ukrainian government forces as tensions between Moscow and the West rise, four sources have told Continue Reading
Europe’s biggest energy users warn soaring costs will hit competitiveness
Some of Europe’s biggest energy users are curbing production as they warned soaring power and gas prices could lead to higher manufacturing costs and hit competitiveness. Dunkirk’s Alvance, Europe’s largest Continue Reading
Germany approves 900 mln euros for green hydrogen project
Germany will put 900 million euros ($1 billion) into a funding scheme to support green hydrogen, the economy ministry said on Thursday, as the new government seeks to boost investment Continue Reading
Lukoil Produces 700MM+ Barrels Of Oil At Field In Caspian
Lukoil has reached a major milestone at its offshore Vladimir Filanovsky field located in the Caspian Sea. Russian oil and gas company Lukoil has reached a major milestone at its Continue Reading
Russia Sends Less Gas to EU as Buyers Hit Supply Limits Early
Russian gas flows to Europe dropped sharply this week as some buyers under long-term deals have already hit their contracted supply limits for the year, according to people with direct Continue Reading
Russian crude oil output expected to rise in 2022 despite demand concerns
Highlights OPEC+ quotas, drilling programs to increase output capacity Output could rise by nearly 500,000 b/d by June on Nov 2021 levels Omicron, sanctions, strategic reserves releases could affect output Continue Reading
Europe’s Power Crunch Shuts Down Factories as Prices Hit Record
European power climbed to a fresh record as France faces a winter supply crunch, with heavy industries forced to curb production across the region. Electricity for delivery next year jumped Continue Reading
Soaring energy prices now ‘systemic’ issue in Europe: Energy UK
Highlights UK power prices up 30% in a month High prices affecting whole economy 50% retail price hike expected in spring Energy prices across Europe are now so high that Continue Reading