Germany has launched the “alert level” of the emergency gas plan, and sees the high risk of long-term supply shortages

Habek had earlier warned that the scenario could be “actually tight within the winter” with out precautionary measures to stop fuel provide shortages. Photograph Alliance | Photograph Alliance | Getty Pictures Germany has introduced it’s shifting to its so-called “alert stage” for its emergency fuel plan, as diminished Russian flows exacerbated fears of a winter … Read more

The perfect storm caught the oil markets off guard

Two years in the past, on the top of the epidemic, BP Wrote In its annual Power Prospects report, world oil demand peaked at round 100 million barrels per day in 2019, and that it’ll solely decline since then because of the results of the pandemic and an accelerating vitality transition. Solely two years later, … Read more

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