Spanish gas-fired generation in November fell from its average level in October as renewable output surged, while coal-to-gas switching continues, according to S&P Global Platts data and Red Electrica data. Continue Reading
The U.S. government on Monday said it may slap punitive duties of up to 100% on $2.4 billion in imports from France of Champagne, handbags, cheese and other products, after Continue Reading
French Finance Minister Bruno Le Maire said the European Union would strike back against the U.S. if President Trump follows through on a plan to impose tariffs on French imports, Continue Reading
Russian President Vladimir Putin and his Chinese counterpart Xi Jinping on Monday oversaw the launch of a landmark pipeline that will transport natural gas from Siberia to northeast China, an Continue Reading
British manufacturers cut jobs last month at the fastest rate since 2012, a survey showed on Monday, as pressures from Brexit and a global trade slowdown caused the sector’s longest Continue Reading
Russia’s crude and condensate output was again above its target level under the OPEC+ agreement in November, totaling 46 million mt, equivalent to around 11.24 million b/d, according to preliminary Continue Reading
The Volkswagen Group says that it is making faster progress towards sustainable and efficient production while also making good progress towards reducing its production costs. We are producing more environmentally Continue Reading
Daimler AG aims to slash thousands of jobs over the next three years and cut labor costs by $1.5 billion, the latest round of cost cuts in a sector squeezed Continue Reading
Before it became a “Game of Thrones” location, before Justin Bieber stalked the trails of Fjadrargljufur, and before hordes of tourists descended upon this small island nation, there were the Continue Reading
Russian oil companies prefer to keep their production restriction quotas until March, when the current OPEC+ cuts expire, and discuss an extension then, signaling that Russian producers don’t want deeper Continue Reading
