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Natural Gas
Pummelled by Gas Crisis, Germany’s Uniper Posts $12.5 Bln Net Loss
German utility Uniper, the most high-profile victim of Europe's energy crisis so far, reported a net loss of 12.3 billion euros ($12.5 billion) for the first ha…
Natural Gas
Europe Says ‘No’ to VAT Exemption on German Gas Levy
All German consumers will face a new tax which is hoped to mitigate the rising cost of gas imports.
Germany
Europe’s Power Prices Surge to New Record
Year-ahead electricity prices continue to soar in Europe, with German power prices, the European benchmark, jumping to over $508 (500 euro) per megawatt-hour on…
Crude Oil
More U.S. Sour Crude Heads to Germany to Replace Russia Oil
A second shipment of crude from a U.S. Gulf of Mexico offshore field has sailed for Germany, according to vessel tracking data and trade sources on Tuesday, as …
Carbon Emissions
EU Greenhouse Gas Emissions on the Rise, but Still Below Pre-pandemic Level
Greenhouse gas emissions across the European Union rose in the first quarter from a year earlier, but remained just below pre-pandemic levels, the bloc's statis…
Coal Price
India Buys Discounted Venezuelan Petcoke to Replace Coal
Indian companies are importing significant volumes of petroleum coke from Venezuela for the first time, trade sources and shipping data show, as the OPEC nation…
Crude Oil
Barclays Sees Crude Surplus in Near-Term, Cuts Brent Price View
Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "…
Oil & Gas Supply
Europe’s Efforts to Shield Households From Soaring Energy Costs
Europe is facing a sharp rise in power bills driven by sky-rocketing gas prices, as war in Ukraine and European sanctions on Russia heighten concerns over the s…
Natural Gas
Germany Hits 75% Gas in Storage Goal Ahead of Schedule
Germany reached in the middle of August its target to have its natural gas storage 75% full, two weeks ahead of plans, data from Gas Infrastructure Europe showe…
Natural Gas
Heatwave Sends European Gas Prices Higher
Europe’s benchmark gas prices at the Dutch TTF hub increased by 2% to $215.50 per MWh on Monday.
Electric Vehicle Battery
CATL Announces Second European Battery Plant in Hungary
CATL is to build a new battery plant in Hungary. €7.34bn plant will be built in Debrecen and will supply both cells and modules to European automakers
Natural Gas
Russian Gas Flows to Europe Stable
Warning signs are pictured in front of the gas compressor station, a part of Polish section of the Yamal pipeline that links Russia with western Europe which is…
Crude Oil
The Burgeoning Energy Partnership Between Azerbaijan and the EU
As the European Union continues to pursue new sources of energy to replace Russian oil and gas, it is expanding its energy partnership with Azerbaijan.
Electric Car
South Korean Government Asks U.S. Government to Soften EV Subsidy Requirements
Ahn Deok-keun, head of trade negotiations at the Korean Ministry of Trade, Industry and Energy (MOTIE), has recently requested the U.S. government to ease the r…
Natural Gas
Switzerland Could Align With EU Energy Saving Drive, Energy Minister Says
Switzerland could prevent an energy shortage by aligning with a European Union plan to cut gas use by 15% this winter, Energy Minister Simonetta Sommaruga told …
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