As if the European Union did not have enough problems with its disputes over Brexit and arguments with Poland. Now up pops Hungarian PM Viktor Orban like an inconvenient jack-in-the-box to throw yet more fuel on the roaring fire of discontent. Orban’s latest gripe with Brussels, and to be fair …
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“The current pace of transmission across the 53 countries of the European region is of grave concern,” Hans Kluge, head of its regional office for Europe, told a press conference on Thursday. Hospitalizations of Covid-19 patients have more than doubled in the space of just a week, according to WHO …
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Biden’s tirade against Putin comes despite criticisms levied at the American leader, who was pictured last week driving around Rome with an 85-vehicle motorcade of limos, SUVs, and vans. He later traveled to Glasgow, where the meeting is being held, on the gas-guzzling Air Force One, a modified Boeing 747. …
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The volume of Russian exports in the reporting period increased by 48.7% compared to the same period in 2020, to $73.7 billion. Europe’s top two exporters are China with $331.6 billion worth of exports, and the United States with $169.1 billion. The volume of European exports to Russia also surged in …
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Speaking as part of a keynote address at Russian Energy Week on Wednesday, Putin said that a fall in output from wind farms had meant electricity prices shot up, having a knock-on effect on demand for gas. Wind power makes up an increasingly large share of Europe’s energy generation, particularly …
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Renewable energy firm Drax describes its plant in North Yorkshire as a “purely renewable” facility, boasting that it has slashed its carbon dioxide (CO2) emissions by 90% since 2012. The plant burns biomass – pellets of compressed wood – and received £832 million ($1.13 billion) in direct government subsidies last …
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According to Tadzio Schilling, Wednesday’s gas price surge on the TTF hub in the Netherlands, which saw it hit an unprecedented $1,936 per 1,000 cubic meters, made both European market participants and politicians “nervous.” Schilling added that everyone expressed great “relief” when the price started dropping after Russian President Vladimir Putin …
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According to trading data from the Intercontinental Exchange (ICE), the price of November gas futures on the Dutch TTF index started trading at almost $1,260 per thousand cubic meters on Thursday, then briefly jumped to $1,370 at 6:13am GMT and later showed a steady decline. By 8am GMT, the price …
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For some, this is evidence that President Vladimir Putin is weaponizing energy to the detriment of the rest of Europe. However, recent events and well-established agreements seem to tell another, less glamorous, story. Turning off the taps? The issue being painted as the next big Russian conspiracy is a noticeable …
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According to data from the Intercontinental Exchange (ICE), the price of November futures on the TTF hub in the Netherlands rose to $1,936 per 1,000 cubic meters, as of 8:28am GMT. The price of gas on the European market has nearly tripled since the beginning of September, when October futures …
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