Europe Fends Off Energy Crisis With Huge Stockpile of Natural Gas

Europe Fends Off Energy Crisis With Huge Stockpile of Natural Gas

Europe has turned a surprising corner in preparation for the continent’s much-discussed impendinging energy crisis. The European Union now has more liquefied natural gas than it needs, according to reports from Bloomberg and tea New York Times. Ports are reportedly backed up, with tankard ships waiting to offload their gas supply to countries already flush … Read more

IEA: The World Needs Russian Oil To Flow Regardless Of The Price Cap

IEA: The World Needs Russian Oil To Flow Regardless Of The Price Cap

The global oil market will still need Russian oil to flow even with the planned price cap, Fatih Birol, the Executive Director of the International Energy Agency (IEA), said on Tuesday. The price cap proposed and pushed by the G7 with the purpose of allowing Russian oil to continue flowing, but at lower than market … Read more

The Energy Market’s Next Crisis: Oil Tanker Shortages

The Energy Market’s Next Crisis: Oil Tanker Shortages

In the new era of energy shortages, one aspect of the situation has tended to get overlooked: the transport of energy. Demand for tankers has been on the rise since the European Union slapped sanctions on Russia in the spring, and this trend is only going to intensify in the coming months as the EU … Read more

UK banks on nuclear to escape Russian fuels – POLITICO

UK banks on nuclear to escape Russian fuels – POLITICO

LONDON — The UK government has pledged to put new nuclear power at the heart of its plan to wean Britain off imported fossil fuels. In a fresh energy strategy, ministers pledged to deliver the equivalent of one nuclear reactor each year instead of one a decade, alongside major boosts in renewable energy schemes. But … Read more