Tag Archives: Europe

Turkey is on track to have the third-largest natural gas storage capacity in Europe, thanks to the planned expansion of storage facilities. Its strategic geographical position makes it a key transit country for natural gas pipelines from various regions, including Russia, the Caucasus, the Middle East and Africa. Enhancing gas …

Power prices in Finland jumped to record-high levels as a deep freeze in Europe began in the Arctic parts of the Nordic countries and is set to move south to northwest Europe in the weekend and next week, creating additional energy demand and leading to higher electricity and natural gas …

Refining margins for diesel in Northwest Europe end this year 40% below the levels from the end of 2022, despite the EU ban on seaborne imports of Russian petroleum products that came into effect in February 2023. Europe has imported more diesel from the Middle East and Asia this year …

The recent easing of sanctions between the United States and Venezuela, marked by pivotal legal settlements and new commercial arrangements, represents a significant turning point for the global energy industry. These developments, particularly the resolution of disputes involving Petróleos de Venezuela S.A. (PDVSA), signal the reinvigoration of Venezuela’s oil and …

Europe banned most oil shipments from Russia almost a year ago, but it’s binging on diesel that may well have been made from Russian crude. The region’s imports of diesel from India, one of the biggest buyers of Russian crude, are on course to soar to 305,000 barrels a day, …

Europe has intensified efforts this year to protect its clean energy manufacturing industries and reduce dependence on China for its renewable energy rollout. Several proposed EU acts are aimed at boosting Europe’s competitiveness in the global clean energy supply chain and minimize risks to energy infrastructure security. Europe’s wind industry, …

Europe’s weaker natural gas demand in the autumn is now rising amid lower-than-usual temperatures in most areas and freezing weather expected to last until early December. The forecast for many countries, including Europe’s largest economy and natural gas user, Germany, has been updated to expect colder temperatures this weekend and …

European natural gas prices were having a nervous trading session early on Tuesday as traders weighed higher heating demand amid colder weather with still nearly full EU inventories. The front-month Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, were down by 1.7% to $49.30 (45 euros) per …

The spot market for liquefied natural gas (LNG) is calmer than usual for this time of year as inventories in both Europe and Asia are high, and the weather is still mild. Demand in Europe and Asia is rising in November compared to the warmer October, but LNG spot prices …

European natural gas prices declined for a second day as November kicked off with a windy weather outlook and optimism that the war in the Middle East might not impact global fuel flows. Benchmark futures for December declined 0.5% after settling 9.5% lower the previous day. The continent is heading …