Germany’s SEFE Strikes 10-Year Deal for Gas From Azerbaijan
(Bloomberg) — Germany’s state-owned SEFE signed a 10-year deal to buy gas from Azerbaijan’s state-owned Socar. The agreement,…
EU Will Work on Setting Water Use Caps for Thirsty Data
(Bloomberg) — The European Union will work on setting minimum performance standards to curb water usage in data…
Germany’s Red Tape Creates a Berlin-Sized Hole in Energy
(Bloomberg) — Nestled along the banks of the Neckar River in southwest Germany, the bucolic university town of…
OPEC+ Stuns Market With Larger Than Expected Output Hike
Crude oil markets took a fresh hit this weekend after OPEC+ stunned traders by announcing a larger-than-expected output…
OPEC+ plays key role in stabilizing oil markets during global turmoil
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+ played a central role…
US Commodities to Avoid Strict Checks Under EU Deforestation
(Bloomberg) — US commodity producers will likely avoid strict checks under the European Union’s rules to curb deforestation…
LIVE: Oil Prices Teeter on Mixed Market Signals
U.S. economic activity slumped in April, with S&P Global’s flash composite PMI dropping to a 16-month low of…
U.S. Shale Faces Toughest Challenge Since the 2020 Oil Price Plunge
The U.S. shale industry is being hit by the crash in oil prices, which have slumped since President…
Germany Faces Gas Storage Challenge as Italy Adopts Subsidy
(Bloomberg) — Germany’s bid to rebuild depleted natural gas inventories as the summer refilling season gets under way…
Goldman Sachs Slashes Oil Price Forecast to Below $60 in 2026
Higher risks of recessions and higher-than-expected OPEC+ production prompted Goldman Sachs to slash again its oil price forecasts…