Germany is currently in an “extremely tense situation” in terms of energy supply, Economy Minister Robert Habeck said on Friday, adding that Europe’s biggest economy still risks running out of Continue Reading
Russian exports of crude oil and refined products declined substantially in September, according to Petro-Logistics data cited by UBS commodity analyst Giovanni Staunovo. According to Petro-Logistics, total Russian crude oil Continue Reading
If Moscow carries out a threat to sanction Ukrainian energy firm Naftogaz, one of the last functioning Russian gas supply routes to Europe could be shut, exacerbating the energy crisis Continue Reading
Switzerland’s glaciers are melting like never before, an academic study released Wednesday found, with their ice volume declining by 6% this year amid rising concerns about global warming and a Continue Reading
People bid farewell to reservists drafted during the partial mobilization in the Omsk region, Russia. A costly troop mobilization , plunging energy prices and a new round of Western sanctions Continue Reading
The Pentagon said on Wednesday it would send an additional $1.1 billion in long-term military aid to Ukraine, including 18 High Mobility Artillery Rocket System launchers, or HIMARS, one of Continue Reading
n a sign that the United States and its allies believe that the fighting in Ukraine will last years, military officials from more than 40 countries gathered at NATO’s headquarters Continue Reading
Food inflation has soared to the highest rate ever recorded. Fresh food swelled to 12%, while the price of animal feed and fertilizer climbed even higher. Shoppers are expected to Continue Reading
UK retailers are facing a “mortgage time bomb,” with rising interest rates set to have twice the impact on consumer finances as the recent surge in utility bills, according to Continue Reading
A new forecast by Germany’s leading economic institutes predicts the eurozone’s largest economy will slip into recession next year, triggered largely by a “drastic” increase in energy costs caused by Continue Reading
Russia’s Vladimir Putin will hold a signing ceremony on Friday formally annexing four more areas of Ukraine after conducting self-styled referendums condemned by Ukraine and the West as a sham. Continue Reading
Iran fast-tracks development of two West-Karoun oil fields with $7 billion plan. The Azadegan fields are shared with Iraq in which it forms the supergiant Majnoon field. Russian oil firms Continue Reading
Europe Has to Pray for a Warm Winter: Blanch Europe’s frenzied buying of liquefied natural gas means it’s likely to have enough of the power-generation fuel this winter to offset Continue Reading
Vitol: The re-routing of Russian crude from West to East would put a strain on the shipping sector. Vitol: Traders will face challenges in finding Aframaxes to load oil from Continue Reading
Strikes at several refineries across France have left half of its refineries offline or without sending out fuels, as refinery workers stepped up industrial actions over pay disputes this week Continue Reading
According to Ofgem, three UK energy firms have severe weaknesses in how they support customers in payment difficulties. The regulator has demanded Scottish Power, Tru Energy and Utilita improve their Continue Reading
Foreign aircraft will drop out of fleet – Rostec Airbus, Boeing planes will never be delivered – Rostec Russian-made engines, parts to be used – Rostec No expectation sanctions will Continue Reading
A vessel leaves the Orlan oil plattform at Sakhalin-1’s off-shore rig at the Chaivo field, some 11 km (7 miles) off the east cost of Sakhalin island October 10, 2006. Continue Reading
Prime Minister Liz Truss of Britain campaigned as a tax cutter and champion of supply-side economics, and she won the race to replace her scandal-scarred predecessor, Boris Johnson. Now she Continue Reading
The Baltic Pipe natural gas pipeline from Norway to Poland via Denmark and the Baltic Sea was inaugurated on Tuesday by the leaders of the three countries, who hailed the Continue Reading
Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil and products will have to be Continue Reading
While Europe and North America continue to turn their backs on Russian energy, China, India, and several other countries remain happy to buy ‘cheap’ Russian energy products. China is thought Continue Reading
Europe’s natural gas prices have continued their sharp pullback across UK and European benchmarks as the continent has filled up its gas storage ahead of schedule. Benchmark Dutch front-month futures Continue Reading
BEIS talking to market about commercial gas deal availability US LNG producers approached for supply proposals: sources Pound weakness adding to LNG procurement costs in UK The UK government is Continue Reading
Russia to Flood Asia With Fuels Russia’s seaborne crude exports to Europe are being compressed, with the bloc’s sanctions only about two months away. Shipments in recent weeks have been Continue Reading
Russian gas giant Gazprom Group’s (GAZP.MM) earnings before interest, taxes, depreciation and amortisation more than doubled in the first six months of the year to 3.05 trillion roubles ($52.54 billion), Continue Reading
Global oil flows are changing ahead of the coming embargo on Russian oil, with a growing amount of Russian crude heading east. Meanwhile, the amount of fuel and oil flowing Continue Reading
Referendums on joining Russia held over four days Regions would have Russia’s ‘full protection’ – Lavrov Two sides trade blame for rocket strikes, shelling Ukraine won’t give in to rhetoric Continue Reading
Very high energy costs are forcing European companies to cheaper places like the U.S. The Inflation Reduction Act could benefit chemicals, batteries and clean energy industries. Industries such as manufacturing Continue Reading
Eight Baltic Sea littoral nations have signed a declaration to phase out Russian energy imports and to decarbonize their energy sectors. LNG and offshore wind are key in the Baltic Continue Reading
Sterling slumped to a record low on Monday, and a renewed selloff in British gilts pushed euro zone yields higher as the fall out from last week’s fiscal statement in Continue Reading
A U.S. Treasury official has ruled out secondary sanctions to enforce a price cap mechanism on Russian oil exports despite a proposal last week by U.S. senators. Democratic and Republican Continue Reading
After seven weary months of the war, many Ukrainians fear more suffering and political repression awaits them as referendums orchestrated by the Kremlin with help from gun-toting police portend Russia’s Continue Reading
As Europe heads into winter in the throes of an energy crisis , offices are getting chillier. Statues and historic buildings are going dark. Bakers who can’t afford to heat Continue Reading
KUPYANSK, Ukraine—The grain elevator towering over the eastern edge of Kupyansk, the former seat of Russian power in Ukraine’s Kharkiv region, was supposed to be defended by soldiers from an Continue Reading
Germany is preparing to introduce a national electricity price cap this fall if the European Union fails to agree on a similar move for the entire bloc, according to government Continue Reading
Images of drunken conscripts brawling and staggering as they depart for the Russian army suggest Vladimir Putin could have difficulty in creating effective fighting forces for his war in Ukraine Continue Reading
President Biden’s national security adviser said on Sunday that the United States had warned Russia that there would be “catastrophic consequences” for the country if Moscow used nuclear weapons in Continue Reading
The United Arab Emirates agreed to an LNG supply deal with Germany’s RWE during Chancellor Olaf Scholz’s visit to the Gulf. The deal only covers one tanker of LNG, or Continue Reading
European Union countries are pushing for guarantees that they can keep their own windfall profit levies on energy companies, and retain the option to impose even tougher measures, alongside bloc-wide Continue Reading
Russia’s offline primary oil refining capacity was revised down by 3.6% for September from the previous plan to 4.233 million tonnes, according to sources and Reuters calculations. Russia’s offline primary Continue Reading
The tide of international opinion appears to be decisively shifting against Russia, as a number of non-aligned countries are joining the United States and its allies in condemning Moscow’s war Continue Reading
Russian natural gas exports to Europe have dropped by more than 82% in one year, according to Spain’s Energy Transition Minister Teresa Ribera. “In just a year, the flow of Continue Reading
Poland has secured its supply of natural gas and coal for the coming winter heating season, the country’s largest oil and gas firm and a senior politician from the ruling Continue Reading
Winter power demand across the EU’s main gas-fired power markets is forecast some 5.3% below the five-year average, analysis by S&P Global Commodity Insights shows. November-to-March demand in eight EU Continue Reading
Normal temperatures are set to return by the start of October when wind generation will increase too. Photographer: Angel Garcia/Bloomberg An Arctic chill that’s blowing across western Europe through next Continue Reading
Belgium announced on Friday that its Doel 3 nuclear reactor will disconnect from the grid and cease operations, even as the country fears blackouts this winter. It is one of Continue Reading
Europe May Rely on Coal More in Winter, Kung Says The UK may still face energy shortages this winter even after resorting to burning coal, with less power flowing through Continue Reading
A combine harvester is used to harvest wheat at a farm in Orel, Russia. Photographer: Andrey Rudakov/Bloomberg Russia’s wheat harvest could reach a historic 100 million tons, according to consultant Continue Reading
Turning off lights, lowering thermostats and installing motion detectors are among the ways central European governments have begun energy saving, as part of efforts to trim costs and avoid shortages Continue Reading
