Electricity shortages are possible in the Netherlands by the end of this decade, Dutch power grid operator TenneT said on Thursday, in what is just the latest forecast for power outages. While media has spoke of near-term power outages in Europe that could hit this winter or next, TenneT is eyeing energy shortfalls near the end of the decade—a side effect of the ongoing switch away from fossil fuels and towards renewables. TenneT said that while the switch away from fossil fuels will drive power demand, power generation is growing increasingly…
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Oil Prices Drop Ahead Of Fed Announcement
After reversing last week’s rout and rising for two consecutive days earlier this week, oil prices were down on Wednesday morning in Asian trade ahead of a Fed update on interest rates and other monetary policy measures. At the time of writing, Brent c...
European Spring? Germany Braces For Major Strikes While France Burns
European Spring? Germany Braces For Major Strikes While France Burns
The "winter of discontent" that has been sweeping across Europe has now escalated into a "spring of discontent," with strikes and protests set to spread from France, Gree...
Venezuela’s PDVSA Has $21 Billion In Unpaid Oil Sales To Collect
Venezuela’s state-owned oil firm PDVSA is owed a massive $21.2 billion from its oil sales, or around 84% of its total invoiced cargo shipments of the past three years, documents reviewed by Reuters showed this week. After the U.S. sanctions on its expo...
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Oil Prices Drop Ahead Of Fed Announcement
After reversing last week’s rout and rising for two consecutive days earlier this week, oil prices were down on Wednesday morning in Asian trade ahead of a Fed update on interest rates and other monetary policy measures. At the time of writing, Brent c...
European Spring? Germany Braces For Major Strikes While France Burns
European Spring? Germany Braces For Major Strikes While France Burns
The "winter of discontent" that has been sweeping across Europe has now escalated into a "spring of discontent," with strikes and protests set to spread from France, Gree...
Venezuela’s PDVSA Has $21 Billion In Unpaid Oil Sales To Collect
Venezuela’s state-owned oil firm PDVSA is owed a massive $21.2 billion from its oil sales, or around 84% of its total invoiced cargo shipments of the past three years, documents reviewed by Reuters showed this week. After the U.S. sanctions on its expo...
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