Berlin issued a slew of national mandates to save energy and secure supplies to power plants as a feared winter energy shortage is worsened by Europe’s summer drought.
Tag: Oil (Petroleum) and Gasoline
Hungary’s Viktor Orban Faces a New Foe: Economics
The Hungarian leader is being confronted with soaring inflation and a depreciating currency linked to unsustainable spending by his government.
Mexico Sees Its Energy Future in Fossil Fuels, Not Renewables
The president’s push to bring the energy sector under state control has put up roadblocks to renewable energy and left Mexico’s climate goals behind.
Oil Prices Fall After Signs of Chinese Economic Slowdown
A set of weak economic data and unexpected interest rate cuts in China led to a sharp sell-off, driven by concerns over sluggish demand in the world’s biggest oil importer.
Climate Bill Heads to Biden’s Desk. There Is More to Be Done.
The bill will cut U.S. emissions, but not nearly enough. It’s “like losing 20 pounds when you need to lose 100 pounds” one expert said.
Russia’s Economy Contracts Sharply as War and Sanctions Take Hold
The country’s gross domestic product from April through June declined 4 percent from a year earlier, new government data shows.
Russia’s economy contracts sharply as war and sanctions take hold.
The country’s gross domestic product from April through June declined 4 percent over last year, new government data shows.
Hungary Settles Russia’s Bill With Ukraine to Restore Oil Flows
Hungary’s energy conglomerate, MOL, paid Russia’s transit fees to Ukraine, ensuring that oil keeps flowing through an overland pipeline that remains crucial for Central Europe.
U.S. Presses Congo to Slow Oil-and-Gas Push in Rainforests
The secretary of state’s efforts led to the U.S. and the Democratic Republic of Congo agreeing to have a team look at environmental conservation.
In the Amazon, a U.N. Agency Partners With Oil Companies
One of the world’s largest sustainable development agencies has worked with energy companies to quash opposition and keep oil flowing, even in sensitive areas.