Global oil demand will rise by 2.08 million barrels per day (bpd), down from 2.23 million previously forecast, to 99.43 million bpd in 2022, the United States Energy Information Administration in its latest monthly report, as reported by Reuters. More information “Global oil demand will increase by 2.06 million bpd to 101.49 million bpd in […]
Tag: Energy
SOS is broadcast by electricity supply and generation companies
By Haris Fludopoulos Last week ESAI (Hellenic Association of Independent Power Producers) and ESPEN (Hellenic Association of Energy Suppliers) sent a letter-cry of anguish to the government addressed to the Minister of Environment and Energy Kostas Skrekas and the Deputy Minister of Finance Theodoros Skylakakis, underlining that “they are extremely critical conditions in the energy […]
Germany: Concern over the possibility of exploitation of the energy crisis by extremist forces
The energy crisis, rising prices and the risk of natural gas shortages in the coming winter are causing German security authorities to worry about possible mobilizations of extremist forces. “The enemies of democracy are just waiting to take advantage of crises in order to spread conspiracy scenarios of doom, fear and uncertainty,” Interior Minister Nancy […]
EUR/USD: Early December 2002 lows at 0.9863 still in sight – CIBC
According to the economists at CIBC Capital Mercados, EUR/USD could test December 2002 lowsas expensive natural gas prices and ongoing supply threats mean the eurozone faces heightened risks of a recession, which will weigh on the euro going forward. Recession risks will weigh on the euro “Expensive natural gas prices and continuing supply threats mean […]
How will we have energy efficiency in the winter?
Of Haris Fludopoulos Increasing lignite power generation, additional LNG cargoes beyond those planned, along with running as many gas-diesel plants as technically possible, are the government’s main lines of defense to ensure the country’s energy sufficiency in the coming winter. These are the measures planned against even the worst possible scenario, that of the complete […]
The energy crisis brought record profits for oil companies
By Haris Fludopoulos As economies, businesses and households measure their wounds from the effects of the energy crisis and the explosive increase in energy prices, financial results announced by major energy companies show explosive growth in revenues. Thus, the major international energy companies are emerging as the big winners of the energy crisis, as in […]
Wood: Greece is the growth champion this year even in an unfavorable scenario for energy – Spectacular performances in tourism and investments
Her Eleftherias Kourtalis Greece is expected to emerge as the growth champion this year, whether there are serious energy shortages in Europe or not, as Wood estimates, placing Greek GDP growth at 6%, led by the excellent performance of tourism, the funds flowing in from EU. and the thematic, as he characterizes it, course of […]
Netherlands: Inflation exceeded 10% for the first time since 1975
Consumer prices rose 10.3% year-on-year in July in the Netherlands, surpassing 10% for the first time since September 1975, the Dutch Central Bureau of Statistics (CBS) said today. “The rise in inflation is mainly explained by developments in energy prices and housing rents,” CBS said in a statement. “Inflation exceeded 10% for the first time […]
‘Recycle – Change Device’: See the final beneficiaries of the program
The Ministry of Environment and Energy announces today, Wednesday, August 3, the final beneficiaries of the “Recycle – Change Device” program, after the completion of the objections process. The final beneficiaries of the program will be informed by sending an sms to their mobile phone, but also through the program websitein which the final rankings […]
Germany: We have taken numerous steps to quickly diversify away from Russia
The CEO of Siemens Energy said on Wednesday that they currently have one turbine in operation at the Nord Stream compression station, adding that they need 5 turbines to reach 100% capacity, Reuters reports. “We are doing our best to deliver the turbine, we can not understand what is the delay“, said the CEO. Commenting […]
