MOSCOW/LONDON (Reuters) – The price of natural gas surged again in Europe on Wednesday after a delay in the approval process for a major new pipeline from Russia exacerbated worries about whether the continent will have enough gas this winter. Germany’s energy regulator suspended the process on Tuesday for bringing the Nord Stream 2 pipeline …
Continue reading “German regulator’s Nord Stream 2 move may delay commissioning to March -sources”
The Netherlands set another record in daily registered COVID-19 cases, with health authorities reporting 20,829 new infections and 44 coronavirus-related deaths over the last 24 hours. Since November 13, all non-essential shops must close at 6 pm while supermarkets, bars and restaurants can work for an additional two hours. The restrictions were announced by the …
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SEOUL (XINHUA) – South Korea reported 3,187 new cases of Covid-19 as of midnight Tuesday (Nov 16) compared to 24 hours ago, raising the total number of infections to 402,775.The daily caseload surged from 2,124 in the previous day, marking the country’s second-highest daily number since the first case was found in January last year. …
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UK and EU wholesale gas prices have risen by 17% after Germany’s energy regulator suspended approval of the controversial Nord Stream 2 natural gas pipeline from Russia to Germany. It said the pipeline’s operating company needed to be compliant with German law before it would certify the €10bn (£8.4bn) project. Critics fear the pipeline will …
Continue reading “Natural gas prices in Europe soar on pipeline setback”
BERLIN (Reuters) -Germany’s coronavirus situation is dramatic, Chancellor Angela Merkel said on Wednesday, calling for a push to distribute booster shots faster and appealing to those sceptical of vaccination to change their minds. Germany reported 52,826 new infections on Wednesday – a jump of a third compared with a week ago and another daily record, …
Continue reading “Germany’s coronavirus situation is dramatic, Merkel says”
The United States has asked China to release oil reserves to help stabilise soaring international crude oil prices as part of ongoing discussions on economic cooperation between the two countries. The US wants China to join it in releasing crude oil reserves and the issue was raised during the virtual meeting between Chinese President Xi …
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People’s ages had no effect on the vaccine’s waning, meaning that the vaccine waned for everyone and not just older people People vaccinated with two shots of the Pfizer coronavirus vaccine in January and February had a 51% increased chance of contracting the virus in July compared to those who were vaccinated in March or …
Continue reading “ear off…. No matter your age vaccines wear off”
(Reuters) – The Biden administration on Wednesday will auction oil drilling rights to 80 million acres in the U.S. Gulf of Mexico days after joining a global agreement that for the first time targeted fossil fuels as the main driver of global warming. The sale by the Department of Interior will be the first under …
Continue reading “U.S. offshore oil auction begins under court order, shadow of climate deal”
SINGAPORE (Reuters) – Oil fell on Wednesday after an industry report showed U.S. gasoline stocks dropped more than expected last week, potentially heightening pressure on the Biden administration to release oil from emergency reserves to cap soaring fuel prices. U.S. West Texas Intermediate (WTI) crude futures fell 69 cents, or 0.9%, to $80.07 a barrel …
Continue reading “Oil drops as U.S. gasoline stock draw boosts prospects of SPR release”
API Crude +5.213mm (+900k exp) Cushing -2.275mm Gasoline -4.575mm (+600k exp) Distillates -2.707mm (-1.1mm exp) A big build in crude stocks was offset from a market perspective by the big gasoline draw in the prior week… Crude oil inventories in the United States increased by 655,000 barrels in the week ending November 12, private data …
Continue reading “WTI Crude up On Cushing Inventory Draw, Gasoline Draw”