The International Energy Agency’s executive director says close to 90% of European gas storage is full. “So this winter is difficult, but next winter may also be very difficult,” the executive director of the International […]
Washington sees OPEC+’s decision to slash oil production by more than 2 million barrels a day as political interference and a “blow” against U.S. President Joe Biden, said Dan Yergin, vice chair of S&P Global. […]
HELSINKI/BRUSSELS, Oct 5 (Reuters) – Europe may face an even more acute energy crunch next year after draining its natural gas tanks to get through the cold of this winter, the head of the International […]
Cheap US natural gas shipments to Europe are a thing of the past, Texas-based Tellurian’s cofounder said. Inflation means suppliers are looking at paying twice as much to ship LNG, Charif Souki said Tuesday. The […]
Key takeaways Oil prices dropped negative at the height of the pandemic thanks to lockdowns. Oil companies were unprepared when lockdowns were removed and the government provided stimulus money to citizens. A handful of events, […]
MOSCOW, Oct 4 (Reuters) – The operators of two Baltic Sea gas pipelines that linked Russia and Germany until they both sprang major leaks last week said they were unable to inspect the damaged sections […]
An annual update from Urgewald and 40 partner NGOs found that 46% of companies on its Global Coal Exit List were pursuing new coal power plants, coal mines or new coal transport infrastructure. “Investors, banks, […]
Energy analysts believe deep production cuts from OPEC+ could yet backfire for U.S. ally Saudi Arabia. OPEC and non-OPEC allies, a group often referred to as OPEC+, agreed on Wednesday to reduce oil production by […]
Published today by NGO Finance Watch, the research uses data from 31 December last year to assess the exposure of banks to risks related to the fossil fuel sector, based on their financial flows. It […]
VIENNA/LONDON, Oct 5 (Reuters) – OPEC+ agreed its deepest cuts to oil production since the 2020 COVID pandemic at a Vienna meeting on Wednesday, curbing supply in an already tight market despite pressure from the United […]
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