Germany’s Power Prices Soar 30% on Strong Demand, Low Wind Speeds
Germany’s day-ahead electricity prices soared by 29% on Wednesday as a heatwave across Europe boosted cooling demand while low wind speeds reduced wind power generation. The lower wind speeds and…
Tokyo Reverses Crisis-Era Benchmark Shift as Dubai-Brent Spread Narrows
Japan’s industry ministry will officially switch the benchmark for calculating gasoline price subsidies back to Dubai crude prices from Brent crude, effective June 4, after Dubai crude prices stabilized and…
Russia Braces For Diesel Export Ban After Ukraine Attacks Refineries
The Russian government has reached the final stages of implementing a comprehensive ban on diesel and aviation fuel (kerosene) exports following a devastating wave of Ukrainian long-range drone strikes that…
TotalEnergies Extends French Fuel Price Caps Through June
TotalEnergies will keep its fuel price caps across all its services stations in France through June amid the ongoing crisis in the Middle East, the French supermajor said on Wednesday.…
Dallas Fed Pres Says World Needs To Consume Less Oil And Gas
Federal Reserve Bank of Dallas President Lorie Logan says that the world may eventually have to reduce its consumption of oil and natural gas to bring volatile energy markets into…
Mozambique Contests TotalEnergies’ $2 Billion Cost from LNG Project Delay
The government of Mozambique disagrees with TotalEnergies’ estimate that the years-long delay in the Mozambique LNG project has cost it and its partners $2 billion in overruns, a source familiar…
China’s CNOOC Starts Production at Bohai Sea Oilfield
China’s top offshore crude oil and natural gas producer, CNOOC, on Wednesday announced the launch of full production from phase one development of the Kenli 10-2 oilfield in the south…
France grants €550m to IPCEI for EU semiconductor advancement
By 25 min ago 2 min read French President Emmanuel Macron has pledged a state contribution of €550m ($640m) to a European Commission- coordinated programme designed to support advanced semiconductor…
Podcast | Technical debrief: solar-powered green hydrogen
The 1895 Podcast The 1895 Podcast is a content-driven podcast for the global industrial gases business, bringing together topical news, views and analysis of the stories that matter in the…
Dongfeng claims 1,700km range from new fuel cell-truck tractor combo
By 44 min ago 2 min read Chinese vehicle manufacturer Dongfeng Motor Corporation has unveiled a new 400kW hydrogen fuel cell system alongside a new truck cab, which it claims…
