The fallout from Europe's energy crisis

The European Union has called on members of the trading bloc to slash their use of natural gas as Russia cuts deliveries. European wholesale natural-gas prices jumped last week when Russia...

This map shows where Europe gets its natural gas

Russia has stoked up an energy crisis in Europe by cutting the capacity of the Nord Stream 1 pipeline. Here's where the continent gets its natural gas.

The Observer view on the Tory party leaving Britons to face the economic crisis alone

As millions face hardship thanks to soaring bills, the Tories are focused on their next leader rather than the emergency at handThe UK’s cost of living crisis is set to get much worse. Last week,...

German Oil Refiner Observes "Run" On Diesel & Heating Oil, Halts Deliveries

German Oil Refiner Observes "Run" On Diesel & Heating Oil, Halts Deliveries The latest sign Europe's energy problems are worsening is that Austrian oil and gas firm OMV AG halted...

Germany's Uniper Warns Of Possible "Irregular Operation" At Major Power Plant As Rhine River Runs Dry

Germany's Uniper Warns Of Possible "Irregular Operation" At Major Power Plant As Rhine River Runs Dry Germany's Uniper SE, the country's largest utility (recently bailed out by...

The Nord Stream 1 pipeline is missing a turbine that's keeping natural-gas flows out of Russia slow, and Russia and...

Europe depends on Russia for 40% of its natural gas. It's fretting over a winter energy crisis because Russia has been slowing natural-gas flows.

France To "Reduce Or Halt Nuclear Output" As Heatwave Restricts Ability To Cool Plants

France To "Reduce Or Halt Nuclear Output" As Heatwave Restricts Ability To Cool Plants Forecast models indicate that high temperatures will persist across France in early August....

Nord Stream 1: The 12-metre turbine threatening Europe's gas supply

The vital pipeline component is stuck in Germany as Russia refuses to take it back after repairs.

German Barge Traffic Slumps As Rhine Water Levels Near Record Lows

German Barge Traffic Slumps As Rhine Water Levels Near Record Lows Water levels on the Rhine River have fallen so low that barges hauling energy products have encountered parts of...

Germany’s Scholz pins blame for Nord Stream 1 gas turbine glitch on Russia

Chancellor accuses Moscow of failing to take delivery of the equipment after maintenance work in Canada

German leader says gas pipeline part is ready for Russia

BERLIN (AP) — German Chancellor Olaf Scholz inspected a mechanical turbine at the center of a natural gas dispute and declared Wednesday “there are no problems” with the part besides information...

Boeing defense workers to vote on revised contract offer

By David Shepardson WASHINGTON - Boeing (NYSE:BA) defense workers in the St. Louis area on Wednesday are set to vote on the company's revised contract offer after they canceled a strike that had...

The turbine works': Germany's Scholz points finger at Russia in energy row

By Christoph Steitz MUELHEIM AN DER RUHR, Germany -German Chancellor Olaf Scholz on Wednesday said Russia had no reason to hold up the return of a gas turbine for the Nord Stream 1 pipeline that...

The turbine works': Germany's Scholz points finger at Russia in energy row

German Chancellor Olaf Scholz on Wednesday said Russia had no reason to hold up the return of a gas turbine for the Nord Stream 1 pipeline that had been serviced in Canada but has since been...

Europe Has Lost The Energy War

Europe Has Lost The Energy War Authored by Thomas Fazi via UnHerd.com, After a decade of financial austerity, is Europe now on the brink of a new age of energy austerity? The city of...

Here Are The Best And Worst Performing Assets In July And YTD

Here Are The Best And Worst Performing Assets In July And YTD After a historically poor first half of the year, July saw asset price performance turn on its head as a majority of the...

Futures, Oil Fall As Searing Rally Wobbles

Futures, Oil Fall As Searing Rally Wobbles While European and Asian stocks have extended the blistering July rally to start August, US futures remain have traded in the red in the...

Take Five: Time to be forceful?

-Britain and Australia may opt for 50 basis-point rate hikes in coming days, given the high risk that markets will punish any central bank that hesitates to crack down on multi-decade high...

U.S. Air Force pauses some operations over pilot ejection seat concerns

By Mike Stone WASHINGTON - Concerns over defects in the explosive cartridges in pilot ejection systems aboard three U.S. military aircraft, including the F-35, forced a temporary halt to some...

Midday Movers: Apple, Roku, Exxon Mobil and More

By Liz Moyer Investing.com -- U.S. stocks rose on Friday after upbeat earnings from big tech companies Apple and Amazon. Here are the midday movers for July 29: Big tech added a jolt to the...

Edwards Lifesciences Down on Earnings Miss as Hospital Staffing 'Remains Uncertain'

By Sam Boughedda Edwards Lifesciences shares have fallen over 6% Friday on the back of its earnings release. Edwards Lifesciences reported earnings of $0.63, $0.01 worse than the analyst estimate...

Wood’s ARK fund on track for first monthly gain since Oct as risky stocks rally

By David Randall NEW YORK - Cathie Wood’s ARK Innovation fund is on track to post its first monthly gain in eight months in July, riding a rally that has seen beaten-down speculative stocks surge...

Euro zone economy grows 0.7% in the second quarter despite gas crisis and inflation surge

The 19-member bloc registered a gross domestic product rate of 0.7% in the second quarter. Eurostat beat expectations of a 0.2% growth. Russia reduced gas supplies to Europe via the Nord Stream 1...

Ukraine's counter-offensive in Kherson 'gathering momentum'; UK advisor warns of nuclear risk

Ukraine's attempts to retake the southern city of Kherson from Russian troops are gathering momentum. The city, taken early on in the Russian invasion and the most politically significant area...

Sorry, but axing VAT or green levies on energy bills aren’t going to cut it

Tweaks suggested by Sunak and Truss will also create longer-term problems. The need for third support package is inescapableIn the contest to mouth the words “tax cuts” as often as possible to...

Mercedes-Benz Is Making So Much Money Right Now

Mercedes-Benz says they are expecting a significant revenue rise and slightly higher earnings in 2022. It all has to do with higher-than-ever vehicle prices and the company’s mix of models. Russia...

Kremlin: Gazprom is supplying as much gas to Europe as possible

MOSCOW - Russia's Gazprom (MCX:GAZP) is supplying as much gas to Europe as possible, Kremlin spokesman Dmitry Peskov told reporters on Wednesday, adding that sanctions-driven technical issues...

Mercedes-Benz Is Making So Much Money Right Now

Mercedes-Benz says they are expecting a significant revenue rise and slightly higher earnings in 2022. It all has to do with higher-than-ever vehicle prices and the company’s mix of models. Russia...

Russia’s Supply Of Gas To Europe Drops To Just 20%, Disrupting Storage Plans For Winter

The supply of Russian gas through the Nord Stream 1 pipeline dropped to a fifth of its total capacity on Wednesday and Europe is taking measures in case the taps close completely.

Russia Cuts Natural Gas Flow to Germany Yet Again

Gazprom, the Russian energy giant, followed through with its plan to cut gas flows through the Nord Stream 1 pipeline to 20 percent of capacity. News caused a jump in the already-high price for...

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