Ever since Russia invaded Ukraine on February 24, 2022, western countries have spent a lot of time cutting ties with Russia and enacting sanctions to financially pressure them, with a particular emphasis on their fossil fuel industry. With more than a year passing since the start of this war, in this blog, we take look […]
German energy markets: Between a rock and a hard place
Energy prices have soared throughout Europe since the beginning of the year. The crisis is particularly acute in the EU’s largest economy, Germany, which relies heavily on Russian gas for its economy. Recent events have exacerbated the problem and the German government is taking actions to combat the effects of the crisis on its people […]
European refineries on sale
Several refineries are being sold in Europe — see table below based on Reuters data — because of moderating demand for fuels, the resulting overcapacity, growing share of biofuels, and anticipated expense associated with reducing carbon emissions. It is interesting that most bidders are the emerging economies such as India, China, and Russia, where rapid economic […]