Gazprom’s Hold On European Gas Market Slips
The record stockpile of natural gas in northwest Europe and Italy is eating into the regions’ thirst for Gazprom’s product, according to Reuters, and the Russian gas giant has lost Continue Reading
Europe’s driving rebound holds course but yet to catch year-ago levels
European driving activity continues to rebound from lockdown lows of April but road fuel demand may yet to have reached seasonal year-ago levels, according to the latest demand and mobility Continue Reading
S Korea shifts focus to North Sea from US for light sweet crude imports
VLCC of Forties crude arrives in May for first time in 9 months Q3 North Sea crude, condensate imports may surpass 6 mil barrels Forties-WTI price spread on CFR Asia Continue Reading
Airbus Sales Drought Worsens With Third Month of Zero Jet Orders
Airbus SE failed to secure any aircraft orders for a third month this year, as the collapse in global air travel battered demand for new jetliners. The European planemaker attracted zero Continue Reading
Russian Company Refuses $2 Billion Government Bill for Arctic Fuel Spill
Russian President Vladimir Putin declared a national state of emergency over 20,000 tons of spilled diesel fuel in Siberia, an action that the government hasn’t taken during the coronavirus pandemic. Continue Reading
Russia Eyes Another Massive Gas Pipeline To China
The Chinese and Russian leadership have over the years intensified political and economic collaboration. Troubling relations with the West in general and the U.S. in particular are increasingly driving Beijing Continue Reading
Researchers Look For Ways To Cut Norway’s Gargantuan $100 Billion Decommissionin
A new innovation center in Norway aims to find alternative and cost-efficient solutions aimed at reducing the huge US$100 billion decommissioning cost that the North Sea operators and countries face, Continue Reading
German exports rebound less than expected in May
German exports rebounded less than expected in May as demand remained subdued despite the lifting of lockdown measures introduced to contain the spread of the coronavirus, data published on Thursday Continue Reading
Russia reports more than 6,500 new coronavirus cases
Russia on Thursday reported 6,509 new cases of the novel coronavirus, pushing its official nationwide tally to 707,301, the fourth largest caseload in the world. The national coronavirus taskforce said Continue Reading
German exports regain ground in May, but a long way to go
German exports regained some ground in May, though the gain was far short of making up for big losses at the height of the coronavirus pandemic in Europe, official figures Continue Reading