Eurozone inflation rises to decade high of 3%
Inflation in the eurozone has risen to its highest level in almost a decade, increasing pressure on the European Central Bank to slow the pace of its bond purchases. Driven Continue Reading
Rising Energy Prices Send German Inflation To 13-Year High
Higher energy prices pushed Germany’s annual inflation to a 13-year high in August, as household energy, motor fuels, and food prices jumped, preliminary data showed on Monday. Germany’s harmonized index Continue Reading
Russian Oil Giant Rosneft Seeks Approval To Export Natural Gas
State-controlled Rosneft, the largest oil producer in Russia, has asked Russian President Vladimir Putin to be allowed to export natural gas with giant Gazprom acting as an export agent, Russian Continue Reading
Aker BP May Have Drilled Its Last Well in the Barents
Aker BP ASA, Norway’s second-biggest oil operator, isn’t planning on drilling for more oil and gas in the Arctic Barents Sea. (Bloomberg) — Aker BP ASA, Norway’s second-biggest oil operator, Continue Reading
Government to ban single-use plastic cutlery
The government has announced plans to ban single-use plastic cutlery, plates and polystyrene cups in England as part of what it calls a “war on plastic”. Ministers said the move Continue Reading
Russian Climate Plan Sees Rising Emissions Countered by Forests
Russia expects to increase greenhouse gas emissions over the next 30 years and instead rely on its trees to meet its international climate obligations, according to a draft of the Continue Reading
Merkel Criticizes Russia’s Weaponization Of Natural Gas
German Chancellor Angela Merkel has said natural gas should never be used as a geopolitical weapon and backed extending an energy partnership deal with Ukraine once it expires in 2024. Continue Reading
UK Oil Field Work Delayed as Environment Debate Rages
Siccar Point Energy Ltd. is delaying work on its Cambo oil field in the U.K. North Sea, a target of vociferous criticism by environmental activists. (Bloomberg) — Siccar Point Energy Continue Reading
Germany Flirts With Power Crunch in Nuclear and Coal Exit
One of Germany’s biggest challenges in the fight against climate change is to keep the lights on. As Europe’s biggest economy shuts its last nuclear reactor next year and utility Continue Reading
Ukrainian minister stresses ‘threats’ posed by Nord Stream 2 to Europe energy security
Eyeing at reforms aimed at integrating Ukraine energy market into Europe Russia should not be allowed to use the Nord Stream 2 natural gas pipeline as a political weapon, Ukrainian Continue Reading