Massive leaks of natural gas from Nord Stream 1, an offshore pipeline connecting Russia and Western Europe, were reported in the Baltic Sea. The cause of the incident is still under investigation, but the near-simultaneous occurrence of at least four leaks makes sabotage a [...]
To say that energy markets have become more politicized in recent months would be an understatement. In a recent meeting, the G7 (Canada, France, Germany, Italy, Japan, UK, and the U.S.) proposed a cap on the price of Russian oil in response to that [...]
Intense heat across Europe is boosting demand for electricity, and drought-stricken areas are dealing with low water levels in rivers hindering barge deliveries of coal to power plants. Higher air-conditioning use is preventing a buildup of natural gas stocks ahead of winter, and storage [...]
