Tag Archives: Anadolu Agency

US President Joe Biden warned Tuesday that there will be “consequences” for Saudi Arabia after Riyadh threw its weight behind a production cut by the oil cartel OPEC+ which has sent prices soaring. “There’s going to be some consequences for what they’ve done with Russia,” Biden said in an interview …

The Nord Stream 2 pipeline in the Baltic Sea appears to have stopped leaking natural gas, Denmark’s energy agency said on Saturday. The agency said on Twitter that the company operating Nord Stream 2 reported balanced pressure in the pipeline stretching from Russia to Germany. This indicates that the leak …

The Baltic Pipe natural gas pipeline was officially opened Tuesday at a ceremony in Szczecin, Poland. Polish, Norwegian and Danish leaders attended the ceremony for the launch of the gas transmission system, which they hope will end Poland and Europe’s dependency on Russian gas. Norwegian Minister of Petroleum and Energy …

NATO follows with “great concern” reports from the Baltic Sea on leaks in the Russian Nord Stream gas pipelines, Secretary-General Jens Stoltenberg said on Tuesday. Stoltenberg asserted that it is “extremely important to get all the facts on the table” and therefore NATO closely monitors the developments. His remarks came …

Danish authorities reported a gas leak Monday from the defunct Nord Stream 2 pipeline close to the island of Bornholm in the Baltic Sea, according to Interfax news agency. The Danish Maritime Authority has banned all ships from moving within five nautical miles (9.25 kilometers) of the accident site, saying …

Oil prices declined on Monday over the double whammy of increasing demand woes and the rising dollar value, discouraging investors in the market trading in more expensive US dollar-indexed oil. International benchmark Brent crude traded at $95.12 per barrel at 10.08 a.m. local time (0708 GMT) for a 1.65% decrease …

Ukraine’s President Volodymyr Zelenskyy on Thursday urged urgent action to ensure the security of Europe’s largest nuclear power plant which is currently under Russian control. Following a meeting with UN Secretary-General Antonio Guterres in the western Ukrainian city of Lviv, Zelenskyy said on Telegram that particular attention was paid to …

Germany blamed Russia on Wednesday for reduced gas supplies through the Nord Stream 1 pipeline and dismissed Gazprom’s claim that disruptions were the result of legal and technical problems. Chancellor Olaf Scholz said a gas turbine repaired in Canada has been waiting for transfer at Siemens Energy’s site in western …

Oil prices increased on Thursday, supported by a drop in US crude oil inventories easing demand concerns. International benchmark Brent crude was trading at $102.71 per barrel at 08.45 a.m. local time (0545 GMT) for a 1.02% increase after closing at $101.67 a barrel in previous trade. American benchmark West …

Europe’s energy efficiency plan to combat the bloc’s energy crisis and secure sufficient gas supplies ahead of the winter cannot exclude gas flow from Russia in order to fill up gas storage. Natural gas storage has become an important tool in alleviating the energy crisis, which has escalated since the …