Italy Declares State of Emergency in Regions Hit by Drought
Italy’s Cabinet declared a state of emergency in five regions that have been heavily hit by drought, according to a government statement. View full article at www.bloomberg.com
Ukraine War Hits Germany With First Trade Deficit in Over Three Decades
Germany posted a trade deficit for the first time in more than three decades in May, underlining the impact of the Ukraine war on Europe’s largest economy, whose reliance on Continue Reading
In Putin’s Russia, the Arrests Are Spreading Quickly and Widely
They came for Dmitri Kolker, an ailing physicist, in the intensive care ward. They came for Ivan Fedotov, a hockey star, as he was leaving practice with a film crew Continue Reading
Russia Announces 82-Million-Ton Arctic Oil Discovery
Russian oil and gas giant Rosneft claims to have made an 82-million-ton oil discovery in the Pechora Sea. Rosneft has a controlling interest in 28 offshore licenses in the Arctic Continue Reading
The Netherlands Calls On Large Energy Users To Reduce Consumption
The Netherlands said on Monday that large energy consumers would need to cut back on their usage beginning at the start of next year, Reuters has reported. The restrictions are Continue Reading
Gazprom Demands Rubles For LNG
Gazprom is proposing to extend the rubles-for-gas scheme to liquified natural gas (LNG), a senior executive said on Monday, days after Russia moved to take full control over the Sakhalin-2 Continue Reading
Pakistan ponders Russian crude imports, seeks input from refiners
The Pakistani government has asked its refineries to provide feedback on importing attractively-priced Russian crude in an effort to soften the blow from a ballooning import bill, joining a list Continue Reading
Strike ends at Exxon refinery in France
A workers’ strike at Exxon Mobil’s (XOM.N) Esso refinery in Fos-sur-Mer in southern France stopped on Saturday and the halted units are being restarted, the company said on Sunday. “We’re Continue Reading
Germany preparing to help stricken Uniper through energy security law: sources
The German government wants to enshrine possible rescue measures for energy companies such as Uniper (UN01.DE) in its energy security law and may end up acquiring a stake in the Continue Reading
Germany’s 15 billion euro credit line for gas might not be enough, regulator warns
The head of Germany’s energy regulator warned that the 15 billion euros’ ($15.64 billion) worth of credit lines provided by the government to buy gas for storage facilities may not Continue Reading