Rocketing prices for natural gas in Europe are prompting companies to switch from gas to oil for power generation, spurring demand for crude this year and into the next, the International Energy Agency said. In […]
Boosting domestic consumption and diversifying exports underpin Moscow’s new energy strategy as the EU seeks to phase out Russian gas imports by 2027. Both will require major investments, and domestic sales will bring lower returns […]
Crude oil futures were mostly steady in mid-morning Asian trade Aug. 11, as prices took a breather after a roller coaster overnight session on a barrage of headlines including a mixed US inventory report and […]
A forecast break from very hot weather in the US Northeast and Midwest is expected to ease power-sector demand for natural gas through at least Aug. 13, loosening recent supply-demand tightness and weakening spot gas […]
(Bloomberg) — Bangladesh faces another three years of rolling power cuts as the developing nation struggles to secure long-term supplies of natural gas and is priced out of spot markets. The South Asian country stopped […]
Polish Prime Minister Mateusz Morawiecki said on Thursday that a possible decision on a compulsory reduction in gas consumption in the European Union must be made unanimously, not by a qualified majority vote. European Union […]
This month, energy prices in Europe have soared due largely to record-high prices for natural gas. Though gas prices have been steadily rising since spring, significant increases across Europe began only in mid-August, after Russia’s […]
(Bloomberg) — The European Union’s drive to slash reliance on Russian natural gas is boosting the strategic importance of finds in Cyprus, the country’s energy minister said. “Europe is a good potential customer for Cypriot […]
KYIV, July 26 (Reuters) – Russia said it will cut gas supplies to Europe from Wednesday in a blow to countries that have backed Ukraine, while missile attacks in Black Sea coastal regions raised doubts […]
Today’s news includes the threat that Russia will continue the recent cuts in gas supplies that Gazprom, the state gas company, has imposed. Moscow may not fully reconnect the Nord Stream 1 pipeline that carries gas under […]
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