Russia Cuts Gas Supply To German Energy Giant Uniper Even Further

Russia Cuts Gas Supply To German Energy Giant Uniper Even Further

The biggest importer of Russian gas in Germany, energy giant Uniper, saw gas supply from Russia further cut to just a third of nominated and contractually agreed volumes, a spokesperson for the German firm told Reuters on Tuesday. Russia is further reducing flows via Nord Stream this week, to just 20% of the pipeline’s capacity, … Read more

As Europe bakes, Germany reckon with a return to coal

As Europe bakes, Germany reckon with a return to coal

Europe is scorching. Temperatures across parts of the continent are soaring to dangerous highs again on Tuesday. The high for London will be close to 40 degrees. Berlin will hit 35. Amid what’s been an intense, dangerous heat wave, there are difficult conversations happening across Europe about the future of energy, and how to prevent … Read more

Uniper In Bailout Talks With German Government As Russia Cuts Gas Supply

Uniper In Bailout Talks With German Government As Russia Cuts Gas Supply

German energy giant Uniper, one of the largest customers of Russia’s Gazprom, has initiated talks with the German government on possible measures to stabilize its finances amid low Russian gas deliveries and soaring gas prices. “Uniper entered into discussions with the German government on possible stabilization measures for which a number of instruments could be … Read more

Germany’s Diesel Situation Just Got Worse

Germany’s Diesel Situation Just Got Worse

A German oil refinery will halt shipments of diesel—the lifeblood of the economy—and heating oil to customers starting tomorrow, according to Bloomberg sources. German oil refinery Bayernoil GmbH said it would halt deliveries for several days after suffering a lightning strike. The EU already has several refinery outages to contend with this month, including Austrian … Read more

Why The West Shouldn’t Expect More Oil From Saudi Arabia

Why The West Shouldn’t Expect More Oil From Saudi Arabia

In December 2016, OPEC, Russia, and several other non-OPEC producers sealed a historic deal. For the first time in 15 years, there would be oil production cuts. At the time, RBC’s Helima Croft said Saudi’s oil minister Khalid al-Falih had “something of Mario Draghi’s ‘whatever it takes’ moment.” Seven years on, OPEC and Russia are … Read more

One Of The Most Gas-Rich Countries In The World Is Facing An Energy Crisis

One Of The Most Gas-Rich Countries In The World Is Facing An Energy Crisis

A fuel shortage is causing political turmoil and social unrest in Argentina, and could even result in a food shortage as the South American nation’s grain transporters call for a strike in the face of sky-high fuel prices during the harvest season for soy and corn. A blow to Argentinian grain exports would have sweeping … Read more