energy
WTI crude oil futures have surged past $74 per barrel, marking a notable rebound from their recent seven-month low of $71.90 set on August 21. This sharp increase in oil prices comes amid growing concerns about global energy demand and shifting market dynamics. The rise highlights ongoing market volatility and uncertainty surrounding future supply and demand. Drivers behind the surge in crude oil pricesThe recent uptick in WTI crude oil prices is influenced by several critical factors. One significant element is the speculation surrounding the future actions of OPEC+ regarding output cuts. Des...
Invezz
For the second year in a row, the European Union reached its target to fill up its gas storage capacity to 90% to prepare for the crucial winter period with weeks to spare. The target was reached on August 18, the European Commission announced on Wednesday, ten weeks ahead of the November 1 deadline. This amounts to just under 92 billion cubic metres of gas which can cover nearly a third of the 27 member states' combined gas demand in winter. "I think that's a very good sign in terms of the overall shape of the market, our ability to find alternative energy supplies and to maintain those at a ...
Euronews (English)
Environmental Action Germany (DUH) has lodged a complaint with the European Commission challenging state funding amounting to €40 million ($44.3 million) for a planned liquefied natural gas (LNG) terminal in northern Germany. According to EU law, state subsidies for energy projects are only permissible if they contribute to promoting the green energy transition and achieving climate goals, DUH stated on Tuesday. This, DUH said, is not the case with the LNG terminal, according to a legal opinion. "The approval of this multimillion-euro state aid rests on very shaky ground," said the federal man...
DPA Breaking News
Environmental Action Germany (DUH) has lodged a complaint with the European Commission challenging state funding amounting to €40 million ($44.3 million) for a planned liquefied natural gas (LNG) terminal in northern Germany. According to EU law, state subsidies for energy projects are only permissible if they contribute to promoting the green energy transition and achieving climate goals, DUH stated on Tuesday. This, DUH said, is not the case with the LNG terminal, according to a legal opinion. "The approval of this multimillion-euro state aid rests on very shaky ground," said the federal man...
DPA International
Environmental Action Germany (DUH) has lodged a complaint with the European Commission challenging state funding amounting to €40 million ($44.3 million) for a planned liquefied natural gas (LNG) terminal in northern Germany. According to EU law, state subsidies for energy projects are only permissible if they contribute to promoting the green energy transition and achieving climate goals, DUH stated on Tuesday. This, DUH said, is not the case with the LNG terminal, according to a legal opinion. "The approval of this multimillion-euro state aid rests on very shaky ground," said the federal man...
DPA
Scheduled blackouts will resume across Ukraine on Aug. 19 for the first time in three weeks, the state grid operator Ukrenergo announced on Aug. 18. The renewed blackouts are due to increased electricity consumption amid hot weather, Ukrenergo said on its Telegram channel. The last power cuts were reported on July 29. In July, regular blackouts were implemented during a record-breaking heatwave, which led to higher electricity use, particularly for air conditioning, putting additional strain on Ukraine's energy grid, already weakened by Russian aerial strikes. Power cuts are typically schedule...
Kyiv Independent
Scheduled blackouts will resume across Ukraine on Aug. 19 for the first time in three weeks, the state grid operator Ukrenergo announced on Aug. 18. The renewed blackouts are due to increased electricity consumption amid hot weather, Ukrenergo said on its Telegram channel. The last power cuts were reported on July 29. In July, regular blackouts were implemented during a record-breaking heatwave, which led to higher electricity use, particularly for air conditioning, putting additional strain on Ukraine's energy grid, already weakened by Russian aerial strikes. Power cuts are typically schedule...
Kyiv Independent (UK)
Scheduled blackouts will resume across Ukraine on Aug. 19 for the first time in three weeks, the state grid operator Ukrenergo announced on Aug. 18. The renewed blackouts are due to increased electricity consumption amid hot weather, Ukrenergo said on its Telegram channel. The last power cuts were reported on July 29. In July, regular blackouts were implemented during a record-breaking heatwave, which led to higher electricity use, particularly for air conditioning, putting additional strain on Ukraine's energy grid, already weakened by Russian aerial strikes. Power cuts are typically schedule...
Kyiv Independent (CA)
German populist politician Sahra Wagenknecht called on Sunday for a parliamentary commission of inquiry into the role of the Gerrman government in the 2022 explosions that hit the key Nord Stream pipelines carrying gas from Russia. The inquiry should investigate what the authorities and government representatives knew regarding the September 2022 blasts and when they knew it, Wagenknecht told the Sunday editions of the Funke Media Group. "Should it emerge that Germany authorities had advance knowledge of the attack, we would have the scandal of the century in German politics," the politician, ...
DPA
German populist politician Sahra Wagenknecht called on Sunday for a parliamentary commission of inquiry into the role of the Gerrman government in the 2022 explosions that hit the key Nord Stream pipelines carrying gas from Russia. The inquiry should investigate what the authorities and government representatives knew regarding the September 2022 blasts and when they knew it, Wagenknecht told the Sunday editions of the Funke Media Group. "Should it emerge that Germany authorities had advance knowledge of the attack, we would have the scandal of the century in German politics," the politician, ...
DPA Breaking News
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