Germany issues energy warning

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Natural gas reserves will last less than three months if Russia cuts off supply, the regulator said Germany’s energy regulator has warned that the nation will struggle to have enough natural gas to get through the coming winter, even if … Continued

Japan resumes Russian oil imports

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Crude purchases restarted in July after falling to zero in the previous month Japan resumed its purchases of Russian oil in July, according to information released on Wednesday by the country’s Finance Ministry. In the previous month, imports fell to … Continued

German energy provider faces huge losses

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Bailed-out Uniper blames shrinking gas flows from Russia for its disastrous financial performance German electric utility Uniper suffered a €12.3 billion ($12.5 billion) net loss in the first half of 2022 due to a sharp decline in natural gas supplies … Continued