Industrial production in Germany is higher than industrial production in France and Italy combined. However, the self-inflicted demise of German industry is having profound and serious consequences for entire the EU. Germany’s
Pessimism about demand growth is weighing on oil prices worldwide, as demand forecasts for 2024 have been steadily revised downwards. The International Energy Agency and Energy Intelligence (IEA) now see demand growing
Nicosia rejects Chevron’s improved omtimisation plan Cyprus has chosen to play hardball with the partners of the country’s first gas discovery, the 3.5 tcf Aphrodite offshore gasfield, made back in 2011,
Egypt is unlikely be able to export any LNG to Europe this summer. In the face of declining production at Zohr, its priority is to secure its domestic energy needs. Production at
The crude oil price is now over $82/bl due to tight supply, the Middle East conflict and Houthi attacks on vessels in the Red Sea. The attacks are rippling through oil markets,
The US energy security role is being questioned as natural gas exports receive new scrutiny. The Biden administration is reconsidering the way it licences new LNG export terminals, under pressure from climate
Analysts expect global monthly demand to move above 104 million barrels a day (b/d) for the first time in August 2024 and further to above 105 mln b/d in August 2025. According
By Edward Moya US stocks ended the week lower lower as Wall Street gets anxious over what the Jackson Hole Symposium on August 24-26 might do to soft landing hopes. Just look
The construction of the liquified natural gas terminal at Vasiliko, Limassol, has been pushed back until the end of July 2024, confirmed Energy Minister George Papanastasiou. However, the minister argued that the
The eastern Mediterranean has been attracting increased attention from energy companies and European governments in recent weeks, as the realisation of the anticipated difficulties in securing next winter’s gas supplies sinks in.
