England’s Water Network Buckles Under Sudden Summer Drought
(Bloomberg) — The severe “flash drought” that has gripped England is pushing an already struggling water network toward…
Europe Dodges a Rhine Crisis for the Worst Possible Reason
The Rhine has slightly risen from its mid-August record low (when Kaub’s water level gauge – at the…
Oil Market Loses Its Safety Net as Iran Conflict Reignites
The global oil market is much more exposed to the latest re-escalation in the Middle East, as most…
US Crude Oil Inventories Continue To Falter, SPR Struggling To Pick Up the Slack
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 765,000 barrels…
China’s Return to the Energy Market Could Become the Next Global Price Shock
For months, China’s reduced appetite for oil and LNG imports has helped ease some of the pressure on…
TotalEnergies Extends Fuel Price Cap in France as Middle East Crisis Drags On
TotalEnergies will keep its fuel prices in France capped for as long as the Middle East crisis lasts,…
Long-Haul Flight Fares Soar as Iran War Hits European Aviation Hard
The Middle East crisis and the subsequent jet fuel crunch have sent airline ticket prices soaring, with an…
Europe Faces Summer Jet Fuel Crisis as Iran War Slashes Supply
Accelerated refinery closures in the past decade and increased dependence on kerosene from the Middle East have exposed…
EU Made ‘Mistake’ in Phasing Out Nuclear, Von Der Leyen Says
(Bloomberg) — The European Union made a “strategic mistake” in turning its back on nuclear energy, Commission President…
China Call Could Stop Russia in Ukraine, US NATO Envoy Says
(Bloomberg) — China is providing crucial support for Russia’s aggression in Ukraine and could end the war with…