Tag: oil
The fall in prices is over, the energy transition is becoming more expensive
wind power Renewables are becoming more expensive. (Photo: dpa) Dusseldorf For ten years, the cost of renewable energy has known only one way – down. The unstoppable fall in prices…
Russia was Germany’s most important supplier in 2021
Eugal natural gas pipeline in Mecklenburg-Western Pomerania Around half of the natural gas and hard coal imports in 2021 came from Russia. (Photo: dpa) Berlin Germany’s energy bill rose to…
Bundesbank expects inflation to remain “extraordinarily high” for the time being
Shopping venture The federal government estimates that the inflation rate will average 3.3 percent this year. (Photo: dpa) Frankfurt At the start of the year, the Bundesbank expects prices to…
The markets tremble before the Fed
After significant price losses before the weekend, the US technology exchange Nasdaq is heading for the worst month since the financial crisis and the leading German index Dax is heading…
Peru Declares Environmental Emergency After Oil Spill
An oil spill occurred in the Pacific Ocean after an explosion on one of Tonga’s volcanic islands. Peru has declared an ‘Environmental Emergency’ due to the leak, which has greatly…
Oil could become scarce at times
oil production Despite climate change, the demand for fossil raw materials continues to rise. (Photo: dpa) Berlin A year ago, given the business forecasts under pressure from the energy transition,…
German industry calls for help
Berlin In view of the high energy prices and the ambitious German climate plans, the CEO of the energy group RWE, Markus Krebber, is calling for reduced electricity prices for…
Oil could become scarce at times
oil production Despite climate change, the demand for fossil raw materials continues to rise. (Photo: dpa) Berlin A year ago, given the business forecasts under pressure from the energy transition,…
EnBW and BP are planning an offshore wind farm off Scotland
offshore wind farm Wind turbines of EnBW’s Baltic 2 offshore wind farm in the Baltic Sea off the island of Rügen. (Photo: dpa) Dusseldorf The energy company EnBW and the…
Republican sanctions bill on Nord Stream 2 fails in US Senate
Brussels, Washington When it comes to Nord Stream 2, the ruling party and opposition in the US are exceptionally in agreement. Democrat Jeanne Shaheen spoke of a “permanent danger for…
Republican sanctions bill on Nord Stream 2 fails in US Senate
Brussels, Washington When it comes to Nord Stream 2, the ruling party and opposition in the US are exceptionally in agreement. Democrat Jeanne Shaheen spoke of a “permanent danger for…
Republican sanctions bill on Nord Stream 2 fails in US Senate
Ted Cruz The Republican introduced the bill to the Senate. (Photo: imago images/MediaPunch) Washington A bill by Republican Senator Ted Cruz on sanctions against the controversial Nord Stream 2 natural…
IEA blames Russia for worsening the gas crisis in Europe
Gas tank in Bonn. (Photo: imago images / Future Image) Paris The executive director of the International Energy Agency (IEA) has accused Russia of worsening the natural gas crisis in…
Energy company uses billions from gas field deal for share buyback
Shell Shell plans to spend a total of seven billion on share buybacks. (Photo: Reuters) The hague As announced, the Shell oil company is using further billions for a share…
The oil diplomat supposed to appease the United States
Haitham al-Ghais The new OPEC General Secretary faces completely different challenges than his predecessor. (Photo: Getty Images) Zurich Haitham al-Ghais is expected to take on a delicate job in August:…
New sources of oil discovered off South America
ExxonMobil The energy company had already discovered a large oil deposit in Guyana in 2015, and further discoveries have now been made. 25 percent of the income should go to…
The high energy prices will continue to fuel inflation in 2022
Rising energy costs The burdens for consumers are likely to increase significantly. (Photo: dpa) The OPEC oil exporting states are increasing their production – and yet the oil price is…
New violent protests in Kazakhstan
Demonstration in Kazakhstan People protest against the increase in gas prices. (Photo: imago images / ITAR-TASS) Almaty In Kazakhstan, even after the resignation of the government, there were riots during…
Opec-plus is sticking to its subsidy policy – the raw materials rally is likely to continue
Oil pump in the Gulf state of Bahrain Analysts expect a multi-year bull market in crude oil. (Photo: AP) Zurich More than 100 million barrels of crude oil per day,…
Nord Stream 2 is ready for operation – despite the lack of a permit
Moscow, Berlin According to the Russian energy giant Gazprom, the Nord Stream 2 gas pipeline, which has not yet been certified, is ready for operation. The second line is now…