In a significant development German Chancellor Olaf Scholz said, Berlin wants to pursue gas and renewable energy projects with Senegal. The development comes in the backdrop of the war in Ukraine which is having a major impact on energy and… Read More ›
On Friday, according to preliminary EU-harmonised data inflation in France, fuelled by surging energy prices touched a record high in France in April, applying fresh pressure on newly re-elected French President Emmanuel Macron. In a statement, the INSEE statistics agency… Read More ›
Talks of European banning Russian gas placed a lid on the rise of the Euro even as the US dollar firmed up with expectations of a rise in U.S. interest rates. The euro has been weighed down by worries of… Read More ›
In a significant development the Biden government has held talks with several international energy companies on putting in place contingency plans for supplying natural gas to Europe in the event gas supplies to Europe are disrupted because of Russian and… Read More ›
In a statement Greece’s Prime Minister Kyriakos Mitsotakis said, Athens will raise minimum wage for a second time this year following a rise in inflation levels which has taken a toll on consumers’ income. The government increased monthly gross minimum… Read More ›
Exxon Mobil has launched the sale of its shale gas properties underscoring growing intents to divest its U.S. assets. Excon, a top U.S. oil producer, has placed 61 wells that produced nearly 81 million cubic feet per day equivalent (mmcfd) of… Read More ›
On Wednesday, Germany’s BGA trade association warned of massive disruption of supply chains following the rapid spread of the highly infectious Omicron variant of the coronarvirus, while saying, long-term disruption to supply chains is unlikely. A wide range of German… Read More ›
According to the results of a business survey released on Tuesday, costs for businesses are rising at their fastest rate in more than 2 decades for Britain’s services sector. As a result the Bank of England is likely to soon… Read More ›
On Friday, in a statement Polish Climate Minister said, Poland will provide an additional $380 million (1.5 billion zlotys) subsidies to consumers following a hike in energy prices. Benchmark European gas prices have risen sharply following tightening of gas supplies… Read More ›
With coronavirus inducing economic lockdowns around the globe, there has been a sharp decline in energy prices last year according to data, as a result top oil companies have significantly reduced their search for new fossil fuel resources, triggered massive… Read More ›
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