Up until a few days ago, the leadership of British North Sea producer Siccar Point was negotiating the sale of a stake in the promising Cambo oil development to another Continue Reading
Sweden has started up a backup oil-fired power plant to help with a looming electricity shortage in neighboring Poland, Swedish transmission system operator Svenska Kraftnaet (SvK) said on Monday. Analysis Continue Reading
EU and Nato allies have swung behind the Biden administration’s assessment that Russia may be poised to invade Ukraine following unprecedented sharing of US intelligence on Moscow’s military preparations. Weeks Continue Reading
Half a million jobs would be at risk under EU plans to effectively ban combustion-engine cars by 2035, according to European auto suppliers, the latest in a series of stark Continue Reading
UK households will be paying much higher energy bills, which will rise not only because of high power and gas prices but also because of the collapse of Bulb, the Continue Reading
Highlights Turkey, Egypt, Kazakhstan top buyers of Russian wheat Russia raises wheat export tax to $84.90/mt for Dec. 8-14 MY 2021-22 wheat harvest 10% lower on year at 79 million Continue Reading
Windfall revenues from high European gas prices mean Russia’s Gazprom will not start pumping gas through the Nord Stream 2 pipeline before certification and it will not press Germany to Continue Reading
Ukraine’s defense minister estimated Friday that Russia has amassed more than 94,000 troops near their borders and said there is a probability of a “large-scale escalation” in late January. Ukrainian Continue Reading
Royal Dutch Shell Plc pulled out of a controversial U.K. oil project, a win for environmentalists as the development of a new North Sea field was left hanging in the Continue Reading
Russia has not materially increased natural gas supply via its pipelines to Europe, despite assurances from Russian President Vladimir Putin that Gazprom would start sending more gas after it completes Continue Reading
