Nissan takes $687 mln loss as sells Russian business for 1 euro
Nissan Motor Co Ltd (7201.T) will hand over its business in Russia to a state-owned entity for 1 euro ($0.97), it said on Tuesday, taking a loss of around $687 Continue Reading
French nuclear approaches 30 GW, minister calls for 50 GW early-January
French nuclear output is approaching the 30 GW mark slightly behind schedule as Economy Minister Bruno Le Maire on Oct. 11 called upon operator EDF to have 50 GW available Continue Reading
Europe’s Oil Imports at 2-Year High Even as Russia Share Shrinks
Europe is succeeding in diversifying its crude purchases ahead of the upcoming sanctions on Moscow, as its imports grew last month even as the share of Russian barrels shrank. Crude Continue Reading
France orders fuel depot strikers back to work, union vows to challenge it
Government requisitioning staff at Esso France depot CGT union says will challenge requisition in court France not ruling out staff requisitions at Total Dunkirk Government says strike ‘unbearable’ for consumers Continue Reading
Russia Claims It Can Maintain Oil Production At 9.9 Million Bpd
Russia’s Deputy Prime Minister believes the country will maintain production at 9.9 million barrels per day in October. Vladimir Putin vowed that Russia would maintain this level of production until Continue Reading
French Refinery Strike Opens Door for More US Exports to Asia
Oil tankers are anchored in the Pacific Ocean near Long Beach, California. Photographer: Patrick T. Fallon/Bloomberg Asian refiners snapped up at least 12 million barrels of US crude oil in Continue Reading
Europe’s Race To Ensure Gas Supply Comes At A Cost
Europe has managed to fill its gas storage sites to nearly 90%. Europe is paying high prices for LNG, and these prices are determined by traders in a tight market. Continue Reading
Analysis: Russian gas supply gap casts chill in Europe as winter nears
Europe needs to pay up to import liquefied natural gas, pray for a mild winter and cut energy demand as any sabotage of infrastructure or even deeper cuts to Russian Continue Reading
Nissan to Fully Exit Russia Market, Expects ¥100 Billion Loss
A Nissan Leaf electric automobile charges at a vehicle charging point in Moscow, Russia. Source: Bloomberg Nissan Motor Co. joined Toyota Motor Corp. in deciding to completely pull out of Continue Reading
London’s Deadly, Polluted Air Turned the City Into an EV Pioneer
London’s traffic congestion once meant that residents of the British capital had to endure some of the worst air quality in the developed world. In a bid to tackle an Continue Reading