energy-market
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Green Energy Stock Picks
Date: May 25, 2022
To celebrate World Earth Day this Friday, Maxim Manturov, Head of Investment Advice at Freedom Finance Europe, explores what the key drivers are for alternative energy, as well as three disruptive companies that have been changing the game in the green energy sector. According to analysis by the world’s largest certification centre for the energy sector, DNV GL, the...
Russian Oil’s Achilles’ Heel: Insurance
Date: May 25, 2022
By Jonathan Saul, Nidhi Verma, Yuka Obayashi and Carolyn Cohn LONDON/NEW DELHI/TOKYO (Reuters) – Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and its customers can plug a gap left by Western underwriters. Insurers...
Poland Ends Deal to Receive Russian Gas After Rouble Dispute
Date: May 23, 2022
By Marek Strzelecki WARSAW (Reuters) – Poland said on Monday it had terminated its agreement with Russia to receive Russian gas via the Yamal pipeline, after Warsaw rejected a demand to pay for the fuel in roubles and Moscow responded by cutting off supplies in April. Polish Climate Minister Anna Moskwa, who announced the decision...
Edf Issues Another Profit Warning Over Reactor Outages
Date: May 19, 2022
By Benjamin Mallet, Dominique Vidalon and Christian Lowe PARIS (Reuters) -France’s EDF warned that nuclear outages would cost it 4.5 billion euros ($4.72 billion) more than it estimated earlier this month, sending shares in the state-controlled power utility down more than 2% on Thursday. The outages at its nuclear power plants are largely related to...
EU Makes Plans to Tackle Energy Price Spikes, Any Russian Gas Cut-Off
Date: May 18, 2022
BRUSSELS (Reuters) – The European Union can limit the impact of high energy prices through joint gas purchases, potential use of windfall profits and a possible price cap if Russia cut gas supplies, the European Commission said on Wednesday. European energy prices hit record highs this year after the invasion of Ukraine by Russia, Europe’s...
France’s Engie to Pay Russia’s Gazprom in Euros This Month
Date: May 17, 2022
By Anait Miridzhanian and Benjamin Mallet (Reuters) -French power company Engie said on Tuesday it would make the next payment to Russian gas producer Gazprom in euros before the end of the month as both companies have agreed on a solution in line with European sanctions. CEO Catherine MacGregor told a call with analysts that...