Crops ‘Stored Everywhere’: Ukraine’s Harvest Piles Up
A small army of combine harvesters rolled across an endless farm field on a recent afternoon in western Ukraine, kicking dust clouds into the blue sky as the machines gathered Continue Reading
Europe Looks To Fill Storage As It Braces For Permanent Halt Of Russian Gas
Reduced gas flows via the Nord Stream 1 pipeline have further complicated the plan to fill gas storage units across Europe. The goal of the European Union as a whole Continue Reading
Europe agrees emergency gas curbs, Kyiv says Russia supply curbs are ‘price terror’
European Union countries bracing for further cuts in Russian gas supply on Tuesday approved a weakened emergency plan to curb demand, after striking compromise deals to limit reductions for some Continue Reading
German firms weigh options to save gas, warn may need to cut output
A view shows pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline in Lubmin, Germany, July 21, 2022. REUTERS/Annegret Hilse/File Photo Germany’s export industries brace for further Continue Reading
Kremlin to Keep Up Its Gas Squeeze on Europe, Insiders Say
Global LNG Competition Intensifies on Russia Supply Cut Bloomberg News The Kremlin is likely to keep vital gas flows to Europe at minimal levels as long as the standoff over Continue Reading
Germany’s Hopes of Avoiding a Recession Are Shrinking by the Day
Germany’s economic prospects are worsening by the day as record inflation haunts households and threats swirl over supplies of everything from Russian natural gas to manufacturing components. Growth in Europe’s Continue Reading
European gas prices soar after Russia deepens supply cuts
European gas prices have surged 30 percent in two days after Russia deepened supply cuts to the continent in Moscow’s latest attempt to weaponize energy supplies. Futures contracts for delivery Continue Reading
Rosneft Begins Arctic Oil Terminal Construction
Russia’s oil giant Rosneft on Tuesday said it had launched construction works on an oil terminal for its Vostok Oil project in the Arctic, expecting the port to become the Continue Reading
EU energy ministers adopt 15% gas savings regulation with exemptions
Highlights Political agreement to be specified in coming days Geographical, some sector derogation possible TTF prices rise with focus on demand destruction EU energy ministers have agreed to voluntary gas Continue Reading
Russia cuts gas flows further as Europe issues savings plea
Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that will make it harder, and costlier, for Continue Reading