gas

EU agrees to tax windfall oil and gas profits amid ‘insane race’ to tame energy crisis
World

EU agrees to tax windfall oil and gas profits amid ‘insane race’ to tame energy crisis

London CNN Business  —  EU governments agreed Friday to tax the windfall profits of oil and gas companies and to…
A crucial Russian gas pipeline has been shut for repairs. Will it ever reopen?
World

A crucial Russian gas pipeline has been shut for repairs. Will it ever reopen?

London (CNN Business) – Since the West hit Russia with bruising sanctions following its invasion of Ukraine, a frightening question…
Biden caught between climate goals and high gas prices as administration releases new drilling plan
World

Biden caught between climate goals and high gas prices as administration releases new drilling plan

(CNN) – The Biden administration released a proposed plan on Friday for where the federal government intends to hold offshore…
Germany is keen to pursue gas projects with Senegal, says Scholz on first African tour
World

Germany is keen to pursue gas projects with Senegal, says Scholz on first African tour

Dakar – Germany wants to intensively pursue gas and renewable energy projects with Senegal, Chancellor Olaf Scholz said on Sunday…
Algeria threatens to cut gas supply to Spain
Middle East

Algeria threatens to cut gas supply to Spain

Algeria’s Energy Ministry threatened on Wednesday to cut off gas supplies to Spain in case any amount of gas exported…
Poland and Bulgaria are receiving gas from EU neighbors, European Commission president says
World

Poland and Bulgaria are receiving gas from EU neighbors, European Commission president says

Poland and Bulgaria are receiving gas from their EU neighbors, European Commission President Ursula von der Leyen said Wednesday. This comes…
Germany faces $240 billion hit if Russian gas is cut off
World

Germany faces $240 billion hit if Russian gas is cut off

London (CNN Business) – Germany would plunge into a deep recession if its supply of Russian natural gas was suddenly…
Eni discovers new petroleum well in western desert
Business

Eni discovers new petroleum well in western desert

‍The Italian company, Eni, announced the discovery of a new petroleum well in the concessions of the Mleiha, western desert.…
US oil sinks below $100 after Russia says it will ‘drastically reduce’ assault on Kyiv
World

US oil sinks below $100 after Russia says it will ‘drastically reduce’ assault on Kyiv

New York (CNN Business) – Oil prices fell sharply on Tuesday after Russia indicated it will dial back its assault…
Gas hits $4 a gallon for the first time since 2008
World

Gas hits $4 a gallon for the first time since 2008

New York (CNN Business) – The average price for a gallon of regular gas hit $4 Sunday, the highest level…
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