BERLIN – Germany is set to become the first country to drop both nuclear and coal power under a landmark agreement to compensate workers, companies and regional governments as it switches off brown coal-fired plants by 2038.
The government …
BERLIN/FRANKFURT – Chancellor Angela Merkel said on Wednesday Germany would not retaliate against a decision by the United States to impose sanctions on companies building the Nord Stream 2 gas pipeline.
The U.S. Senate on Tuesday passed legislation to …
Source: Reuters
FRANKFURT (Reuters) – Germany’s power network operators (TSOs) will hike by 5.5% next year the fee consumers have to pay to support the country’s shift toward renewable energies, they said on Tuesday, confirming what a source earlier told …
From Reuters
Oil prices weakened on Thursday on worries about the global economy and as equity markets were on edge over the uncertain outlook for U.S. interest rate cuts.
Traders are awaiting a speech from Federal Reserve Chair Jerome Powell …
From Reuters
Oil prices steadied on Tuesday on optimism U.S.-China trade tensions will ease and hopes major economies will take stimulus measures to ward off a possible economic slowdown, after falling earlier on concerns over future demand.
Brent crude LCOc1 …
From Reuters
Oil prices fell more than 1% on Thursday, extending the previous session’s 3% drop, pressured by mounting recession concerns and a surprise boost in U.S. crude inventories.
In a sign of investor concern that the world’s biggest economy …
From Reuters
Oil prices shed 3% on Wednesday after fresh Chinese and European economic data revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row.
Brent crude LCOc1 settled at $59.48 a barrel, …
From Reuters
PARIS (Reuters) – France’s Total on Tuesday declared force majeure on the production of jet fuel at its Leuna refinery in Germany following the supply of contaminated crude from Russia.
“We have declared Force Majeure on the jet …
EU, 3 nations reject Iran demands over nuclear deal, U.S. sanctions
…
Support in German Chancellor Angela Merkel’s coalition for a major new Russian gas pipeline is slipping as frustration with the Kremlin’s brinkmanship grows and pressure from U.S. President Donald Trump starts to bite.
Nord Stream 2, an $11 …
From Power Magazine
Germany’s Social Democratic Party (SPD) members agreed to join their longtime rival and governing partner, the Christian Democratic …
Global oil and gas operator Vermilion Energy (tickers: VET) holds producing acreage worldwide. The company’s assets are spread across three main regions: North America, Europe, and Australia. Its oil and gas assets are located in 10 countries.
Vermilion’s focus on …
Vermilion Energy presented at EnerCom’s The Oil & Gas Conference®
During Vermilion’s breakout session, management was asked the following questions:
Russian gas giant Gazprom (ticker: OGZPY) may not have the financial strength to follow through on the construction of its Nord Stream 2 project, according to …
Reports this week indicated that Germany might be modifying its fracing laws to make it possible for companies to drill for shale gas. Many hoped that the German government might lift its ban on fracing at depths shallower than 3,000 …
