LONDON, Sept 12 (Reuters) – Britain has been topped by the
Netherlands as Europe’s leading natural gas trading hub this
summer, ending decades of British dominance in the sector.
Britain has reigned as Europe’s busiest gas trading centre
since discoveries of North Sea oil and gas in the 1970s made it
Europe’s main producer.
LONDON (Reuters) – Britain risks an electricity crisis this winter which has forced the grid operator to take precautionary measures and will mean greater reliance on imports from Europe where operators face their own supply constraints.
National Grid has announced a scheme to encourage utilities to make idle capacity available this winter, something the grid operator had not planned to do until next year.
MILAN/LONDON (Reuters) – As the conflict in Ukraine heads towards the winter, Europe’s politicians are braced for supply disruptions from its biggest provider, Russia, yet some energy traders sense an opportunity if peace prevails and the gas keeps flowing.
Russia is Europe’s biggest supplier of natural gas, and its pipelines through Ukraine are subject to political maneuvering as Europe and Moscow clash over the crisis in eastern Ukraine.
LONDON, Sept 5 (Reuters) – A predicted mild and wet winter
might save Europe from the worst impact of a potential Russian
gas supply disruption, but it would mean another difficult
season for farmers who have already suffered from two
consecutive wet years.
Russia is Europe’s biggest supplier of natural gas, and its
gas pipelines through Ukraine are currently the subject of
political manoeuvring as Europe and Moscow clash over the crisis
LONDON, Sept 4 (Reuters) – The European Union is preparing
to take action to secure gas supplies this winter if its biggest
supplier, Russia, cuts exports due to the crisis in Ukraine, a
draft document seen by Reuters showed.
The measures could include making use of existing powers to
ban companies from selling liquefied natural gas (LNG) tanker
cargoes outside Europe, keep more gas in reserve, and order
industry to stop using gas.
LONDON, Sept 1 (Reuters) – The European Union could ban gas
exports and limit industrial use as part of emergency measures
to protect household energy supplies this winter, a source told
Reuters, as it braces for a possible halt in Russian gas as a
result of the Ukraine crisis.
Russia is Europe’s biggest supplier of oil, coal and natural
gas, and its pipelines through Ukraine are currently the subject
of political manoeuvering – not for the first time – as Europe
and Moscow clash over the latter’s military action in Ukraine.
LONDON, Sept 1 (Reuters) – Brent crude oil prices slipped on
Monday as manufacturing growth faltered in Europe and China at a
time of ample supplies, although the risk of production setbacks
remained high in Libya where the government has lost control of
most of the capital.
Euro zone manufacturing growth slowed more than expected
last month and factory activity in several key countries
appeared to be stagnating. French factory output fell at its
fastest in 15 months in August.
LONDON, Aug 29 (Reuters) – Brent crude oil prices rose
towards $103 a barrel on Friday as escalating violence in
Ukraine kept Europe’s markets on edge, but prices were still on
track for a monthly loss as ample supply and weak demand
outweighed political concerns.
The European benchmark oil contract had plunged over 12
percent from a nine-month high in June to a 14-month low last
week as bleak demand led to an oil supply glut.
MILAN/LONDON, Aug 21 (Reuters) – Germany is providing
multi-billion-euro financial guarantees to help its biggest
utility E.ON strike long-term gas import deals, a
source with direct knowledge of the matter said, as the country
seeks to reduce its dependence on Russian supply.
Germany meets around 40 percent of its gas demand through
imports from Russia, but relations between the two countries
have deteriorated since a crisis erupted in Ukraine in February.
LONDON, Aug 21 (Reuters) – Brent crude oil fell towards $101
a barrel on Thursday, just above a 14-month low, on plentiful
fuel supplies and Chinese economic data pointing to slowing
The world’s top two crude oil benchmarks have fallen by more
than $10 a barrel since June on a build-up of supply in the
Atlantic Basin and diminishing worries over the risk that
conflicts in the Middle East would hit oil production.