Gas crisis seen to worsen after Europe burns through winter stocks

European gas storage tanks around 90% full Gazprom resumes exports to Italy Kremlin wants to join Nord Stream leaks inquiry EU divided over proposals for gas price cap HELSINKI/BRUSSELS, Oct 5 (Reuters) – Europe may face an even more acute energy crunch next year after draining its natural gas tanks to get through the cold … Read more

OPEC+ agrees deep oil production cuts, Biden calls it shortsighted

OPEC+ to cut output by 2 million bpd Real cuts estimated at 1 million bpd due to under-production Biden criticizes decision, calls it shortsighted Saudi says West’s criticism driven by wealth arrogance Saudi says cuts necessary due to rising interest rates VIENNA/LONDON, Oct 5 (Reuters) – OPEC+ agreed steep oil production cuts on Wednesday, curbing … Read more

German exports beat expectations despite cooling global economy

BERLIN, Oct 5 (Reuters) – German exports rose slightly more than expected in August despite a cooling global economy, rising interest rates and material shortages, the statistics office said on Wednesday. Stronger demand from the United States and China helped push exports to 133.1 billion euros ($132.59 billion) in August, up 1.6% from the previous … Read more

OPEC+ supply cuts loom over tight oil market

LONDON/GENEVA/VIENNA, Oct 4 (Reuters) – OPEC+ looks set to cut output when it meets on Wednesday, curbing supply in an oil market that energy company executives and analysts say is under strain from robust demand, lack of investment and production problems . The potential OPEC+ cut could spur a recovery in oil prices that have … Read more

Grim winter looms as wartime Ukraine braces for infrastructure attacks

Elderly bracing for the worst winter in decades Fears that attacks could target infrastructure Families buy wood, mend windows, light stoves KHARKIV, Ukraine, Oct 4 (Reuters) – In an abandoned tower block damaged by Russian shelling in Ukraine’s second city, Olga Kobzar plans to tough out winter for as long as she can without electricity, … Read more

Russia has funds to support four regions being annexed, the finance minister says

Oct 3 (Reuters) – Russia has funds to support four Ukrainian regions which President Vladimir Putin began annexing last week and these funds are part of the country’s budget, Finance Minister Anton Siluanov told parliament. Russia declared the annexations of the regions after holding what it called referendums in occupied areas of Ukraine. Western governments … Read more

Ukraine claims control of Russian logistics hub, seeks to cut more supply lines

Lyman town recapture could help Ukraine against Russians in east Russian hawks criticize loss, some demand tougher measures Pope calls for end to ‘spiral of violence and death’ KYIV, Oct 3 (Reuters) – Ukraine claimed full control of Russia’s eastern logistics hub Lyman, its most significant battlefield gain in weeks, setting the stage for further … Read more

Britain to acquire two specialist ships to protect underwater infrastructure

BIRMINGHAM, England, Oct 2 (Reuters) – Britain will acquire two specialist ships to protect underwater infrastructure such as cables and pipelines, defense minister Ben Wallace said on Sunday, following leaks in the Nord Stream gas pipelines from Russia to Europe. “I can announce we have recently committed to two specialist ships with the capability to … Read more

Gazprom says gas exports to Europe via Ukraine steady on Sunday

MOSCOW, Oct 2 (Reuters) – Russian gas producer Gazprom (GAZP.MM) said its supply of gas to Europe through Ukraine via the Sudzha entry point was at 41.7 million cubic meters (mcm) on Sunday, unchanged from the previous day. An application to supply gas via the Sokhranovka entry point had again been rejected by Ukraine, Gazprom … Read more

Moldova says Russia’s Gazprom cuts gas supplies by 30%

CHISINAU, Oct 1 (Reuters) – Russia’s Gazprom (GAZP.MM) cut natural gas supplies to Moldova on Saturday by around 30%, the director of gas firm Moldovagaz, Vadim Ceban, said. A day earlier, Deputy Prime Minister Andrei Spinu said Gazprom had warned Moldova about the reduction in supplies. read more Spinu said on Saturday that technical problems … Read more