By Laura King /London Friday، 13 September 2019 12:19 AM Watching the growing disarray unfolding in Britain, the rest of Europe is worried. With British Prime Minister Boris Johnson battling his own…
Russia’s Main Gas Route to Europe Seen at Risk After Opal Ruling
(Bloomberg) — Russia may hesitate to strike a multiyear deal with the European Union and Ukraine on natural gas supplies after an EU court ruling on a key German pipeline. The judgment…
China aims to rev up shale gas drive; wean itself off imports amid US trade row
SINGAPORE/BEIJING (Reuters) – China aims to slash its growing dependence on gas imports by boosting domestic projects like shale fields as the security of its energy supply comes under the spotlight amid…
Sanctions choke Iran crude sales, but oil product exports booming
LONDON (Reuters) – While U.S. sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports by more than 80%, oil product sales from the Islamic Republic remain strong at nearly…
Russia’s compliance with Opec+ deal slips as Druzhba crisis ends
Russia’s average daily oil output in August exceeded its Opec+ cap for the first time since April as the impact of the Druzhba contamination crisis faded. The country pumped 47.8mn tonnes of…
Opec output rises for fi rst time since start of ’19 cuts
Bloomberg /London Opec’s crude production rose last month, the first increase since the group and its allies started a new round of output cutbacks at the start of the year to shore…
Turkish economy shrinks only 1.5% in Q2 as recovery beckons
By Behiye Selin Taner and Ezgi Erkoyun ISTANBUL, Sept 2 (Reuters) – The Turkish economy contracted less than expected in the second quarter, 1.5% year-on-year, as it looks to shake off the…
Cyprus runs the risk of being trapped into an expensive undertaking with gas deal
DEFA announced on 23 August its decision to award the tender for the construction of an LNG import terminal at Vasilikos. This will comprise a floating storage regasification unit (FSRU), a jetty…
Britain’s Brexit breakdown
British democracy was once widely seen as a model for others to follow. But it has now sunk into its deepest crisis in living memory. At stake is not only whether the…
Shale drilling drops to 19-month low after output hits new high
American oil explorers, which are producing record volumes of crude, cut drilling to a 19-month low as they seek to show investors they can do more with less. Working oil rigs fell…