Fearing Russia might cut off natural gas supplies, the head of Germany’s regulatory agency for energy called on residents Saturday to save energy and to prepare for winter, when use increases. Federal Network Agency President Klaus Mueller urged house and apartment owners to have their gas boilers and radiators checked and adjusted to maximize their...
Libya’s oil exports have fallen to about a third of last year’s level after the worsening political crisis prompted the suspension of shipments from two of the nation’s biggest ports. Force majeure has been declared on crude shipments from Es Sider and Ras Lanuf, the country’s largest and third-biggest export terminals, the National Oil Corp....
Oil prices fell on Friday, extending the previous day’s plunge, as lingering fears of a recession weighed on sentiment, putting the benchmarks on track for their third straight weekly losses. Brent crude futures were down 43 cents, or 0.4 percent, at $108.60 a barrel by 0653 GMT, giving up earlier gains of more than $1....
European grid operators are ready to implement immediately a long-term plan to bring the Baltic states, which rely on the Russian grid, into the European Union system in the event Moscow cuts them off, three sources familiar with the matter told Reuters. Source: Al Arabiya
OPEC+ said on Thursday it would stick to its planned oil output hikes in August but avoided discussing policy from September onwards as prices have risen on tight global supplies and concerns about the groups’ collective ability to pump more crude. Source: Al Arabiya
A technical problem with the Nord Stream 1 gas pipeline reported by Russia is merely a pretext, German Economy Minister Robert Habeck said on Thursday. “We are in a gas trade dispute with Putin and this won’t stop, even if the turbine does come from Canada,” Habeck said at an event organized by Germany’s Sueddeutsche...
Shell Plc is set to follow other Western energy majors by taking a stake in a $29 billion project to boost Qatar’s exports of liquefied natural gas, just as Europe races to shore up new supplies of the fuel. Source: Al Arabiya
Algeria’s state oil and gas producer Sonatrach is negotiating ways to benefit from significant global gas price rises in its long-term contracts with European buyers, two sources familiar with the matter told Reuters. Source: Al Arabiya
Flows of Russian gas to Europe via the Nord Stream 1 pipeline and through Ukraine were little changed over the previous day early on Wednesday, operator data showed. Physical flows to Germany through the Nord Stream 1 pipeline across the Baltic Sea stood at 29,316,620 kilowatt-hours per hour (kWh/h), in line with levels above 29,000,000...
Natural gas has started flowing from Spain toward Morocco through a pipeline that stopped flowing in November amid a diplomatic row between Morocco and Algeria, data from Spanish gas grid operator Enagas showed on Wednesday. Algeria decided last year not to extend a deal to export gas through a pipeline running through neighboring Morocco to...