As a deadline approaches for Russia to resume supplying natural gas to Germany this week, European officials and executives are growing concerned about a cascading economic fallout that would spread Continue Reading
Gazprom has declared force majeure on gas deliveries to at least one major customer in Europe, which would protect the Russian giant from compensation payments for unrealized deliveries, Reuters reported Continue Reading
Gazprom Declares Force Majeure on European Gas Buyers A halt of Russian gas supplies to the European Union could potentially reduce its gross domestic product by as much as 1.5% Continue Reading
chemical association VCI on Tuesday, which warned that the only steps left for the industry would be to scale back or abandon production altogether. “For our companies, we are currently Continue Reading
Ukraine’s farmers will plant up to two-thirds less wheat later this year if the country’s main export route is still blocked, prolonging the global food crisis, its agriculture minister predicted. Continue Reading
Brussels is preparing to tell EU members to cut gas consumption”Immediately”, warning that without increased conservation the continent risks running short of fuel this winter as Russia restricts supplies. The Continue Reading
Tanker owners in Europe are shipping as much Russian crude as possible before energy sanctions against Moscow take effect in December. Since Russia’s invasion of Ukraine in February, Western nations have pledged to Continue Reading
Europe needs to drastically slash natural gas consumption in the next few months to prepare for what is likely to be “a long, hard winter,” the head of the International Continue Reading
Temperatures in London and the south of England might hit a record-setting 40° Celsius (104° Fahrenheit) next week, hotter than the forecast in Madrid, Rome or Marseille. The English may Continue Reading
Russian fuel oil exports to Saudi Arabia rose almost twofold during the second quarter as the Saudis sought to free up more local crude for export while using the discount Continue Reading
