Archiv: Energiekrise in Europa / energy crisis in Europe 2022


28.05.2023 - 11:02 [ Bloomberg ]

Gas Price Plunge Brings Relief to Europe After Energy Panic

European gas prices have plunged to the lowest since mid-2021, when Russia was just beginning to squeeze supplies before its invasion of Ukraine, helping to reverse a surge in inflation and bring relief to consumers.

17.04.2023 - 16:19 [ Oilprice.com ]

U.S. Sends Delegation To Saudi Arabia To Discuss Energy And Security

(Apr 14, 2023)

White House Coordinator for the Middle East and North Africa and the U.S. Special Presidential Coordinator for Global Infrastructure and Energy Security visited Saudi Arabia officials on Friday to discuss regional security and energy matters.

17.04.2023 - 11:22 [ Yahoo.com ]

Oil Steady After Four Weekly Gains as IEA Warns of Price Rises

West Texas Intermediate futures traded above $82 a barrel after posting the longest run of weekly gains since June. A surprise production cut by OPEC+ will tighten the market more than previously expected and lead to further price increases, inflicting more pain on consumers, the IEA said on Friday.

17.04.2023 - 10:42 [ Fortune ]

Saudi Arabia’s national oil company raked in a record $161 billion profit last year, as the Ukraine war and OPEC+ drove a 46% increase

(12.03.2023)

Aramco boosted its dividend — a crucial source of funding for the Saudi Arabian government — to $19.5 billion for the final quarter, up 4% from the previous three-month period.

US and European peers such as Chevron Corp. and Shell Plc also reported blowout earnings and are returning billions of dollars to shareholders through larger dividends and buybacks. Aramco, until now, has instead focused on using its extra cash to increase output.

17.04.2023 - 10:36 [ WION / Youtube ]

Brazilian President Lula Da Silva slams US and Europe for fueling war | Latest World News | WION

Following his visit to China on Saturday, UAE President Muhammad bin Zayed al-Nahyan met with Brazilian President Lula de Silva to explore a potential cooperative mediation effort for Russia‘s conflict in Ukraine with China.

27.03.2023 - 18:19 [ Verdi ]

Montag, 27. März: Megastreiktag – ver.di und EVG rufen gemeinsam zu Verkehrs- und Infrastrukturstreiks auf

Das hat es in dieser Form noch nie gegeben: Aus Protest gegen unzureichende Angebote in den Tarifauseinandersetzungen für die rund 2,5 Millionen Beschäftigten von Bund und Kommunen und für die Beschäftigten von Gesellschaften der Deutschen Bahn AG legen die Mitglieder der DGB-Mobilitätsgewerkschaften ver.di und EVG am kommenden Montag (27. März) gemeinsam die Arbeit nieder. Es wird bundesweit zu erheblichen Einschränkungen in der Verkehrsinfrastruktur kommen.

18.03.2023 - 10:10 [ Independent.co.uk ]

Passport Office strike: How will five-week walkout affect your travel plans?

(Friday 17 March 2023)

In a “significant escalation” of a dispute over jobs, pay and conditions, the Public and Commercial Services (PCS) union says more than 1,000 members will walk out at all seven offices in England, Wales and Scotland from 3 April to 5 May. Staff at the Passport Office in Belfast may join the strike later.

The union says the walkout will have a “significant impact” on the delivery of passports as the summer approaches.

18.03.2023 - 09:55 [ Sky.com ]

Bid to end teacher strikes as government and education unions agree to hold ‚intensive talks‘ on pay and workload

(Friday 17 March 2023)

The news follows the breakthrough in the NHS dispute on Thursday, with union leaders representing thousands of nurses, ambulance crews and other health workers agreeing to suspend further strikes while ballots are held on a new pay offer.

18.03.2023 - 09:53 [ theGuardian.com ]

Junior doctors in England agree to pay talks after three-day strike

(17 Mar 2023)

On Friday night the Department of Health and Social Care said the British Medical Association had agreed to enter negotiations on the same terms as unions representing nurses, ambulance staff and other NHS workers in talks that concluded this week.

18.03.2023 - 09:51 [ Mirror.co.uk ]

Government FINALLY reaches pay deal with NHS unions after months of strikes

(16 Mar 2023)

After three months of strikes, the Government has offered a one off bonus this year of 2.5% for the best paid and 8.2% for the worst paid.

The offer, recommended by most of the main NHS unions, comes on top of the 4% increase already implemented for 2022/23.

This award had come with inflation at over 10% and had sparked the strikes.

10.03.2023 - 19:41 [ Wall Street Journal ]

Biden Turns the U.S. Into a Shadow Member of OPEC

(13.12.2022)

President Biden has urged the Organization of the Petroleum Exporting Countries to increase production of oil and criticized the cartel harshly when it declines to do so—most recently on Dec. 4. But actions speak louder than words. Under the Biden administration, the U.S. has been acting as shadow member of the cartel.

03.03.2023 - 18:40 [ Nasdaq.com ]

Big Oil to take centerstage at Houston meet as markets, alliances shift

The war in Ukraine sparked a rally in crude oil and fuel prices that led to record industry profits, prompting the U.S. government and others to accuse Big Oil of profiteering and for Britain and some other governments to impose windfall taxes on energy companies.

02.03.2023 - 16:07 [ moldpres.md ]

Unites States announces additional emergency assistance worth 300 million dollars for Moldova

(25.02.2023)

The financing will include a directly budgetary support of 80 million dollars, through which the quite high prices for electric energy of this winter will be compensated. Also, 135 million dollars will be used for backing projects on electric energy’s generation, for Moldova to diversify the sources of getting electricity. Another 85 million will be provided to Moldova to enhance the capacity of supply with energy from alternative sources and get energy independence from Russia.

02.03.2023 - 16:01 [ Novosti Pridnestrovya (Transnistria) ]

The contract for the supply of Pridnestrovian electricity to Moldova has been extended

Today, Moldavskaya GRES extended the contract for the supply of electricity to Moldova for another month.

02.03.2023 - 14:22 [ Politico.eu ]

Time to join NATO? Moldova eyes joining ‘a larger alliance’

(20.01.2023)

Russia’s invasion of Ukraine is prompting soul-searching in neighboring Moldova about whether the country needs to shift away from its constitutionally-enshrined neutrality and lock itself into a “larger alliance.”

When asked about potential NATO accession, Moldova’s President Maia Sandu said in an interview with POLITICO the country was still weighing its next step, and whether it would require a constitutional change to do so.

02.03.2023 - 14:02 [ WIkipedia ]

2022–2023 Moldovan protests

On 18 September 2022, protests in Moldova began in the capital city of Chișinău, demanding the resignation of the country‘s pro-Western government,[35][36] amid an energy crisis causing rising natural gas prices and inflation, caused in part by the war in Ukraine.

02.03.2023 - 14:00 [ ABC News ]

Moldova: Anti-government protest stirs fears of more unrest

It is the second anti-government rally held in Chisinau in two weeks and comes amid growing concerns of attempts to destabilize Moldova, Ukraine’s neighbor.

On Feb. 13, President Sandu outlined what she claimed was an alleged plot by Moscow to overthrow the government in order to put the nation “at the disposal of Russia,” and to derail it from its course to one day join the 27-nation E.U. Russia strongly rejected her claims.

02.03.2023 - 13:40 [ Newsweek ]

Moldova, Rival Transnistria Warn Security Risk Intensifies Over Ukraine War

Fears of unrest have mounted in recent weeks as Moldova faced a series of overlapping issues, including soaring energy costs brought on by Western sanctions against Russia, whispers of an alleged Kremlin plot to destabilize the government of President Maia Sandu, and ongoing street protests against Sandu‘s administration.

23.02.2023 - 20:22 [ New York Times ]

What Exxon and Chevron Are Doing With Those Big Profits

(Feb. 1, 2023)

The variables that will determine oil companies’ profitability this year are largely out of their control — in both supply and demand. The war in Ukraine could expand or not; a recession in the United States and Europe could be deep or averted entirely. Prices for fuels, and inflation generally, will largely depend on how events play out.

23.02.2023 - 19:48 [ Forbes ]

Shell Reports Record Profits As Oil Giants—Including Exxon, Chevron—Cash In On Sky-High Prices After Russian Invasion Of Ukraine

(Feb 2, 2023)

Shell reported an annual profit of nearly $40 billion in 2022, the highest in the firm’s 115-year history.

The figure is more than double the $19.3 billion the firm reported in 2021 and far greater than its previous record of $31 billion in 2008.

18.02.2023 - 17:59 [ Haaretz ]

Israel, Saudi Arabia Reportedly in Talks Over Increasing Military and Intelligence Ties

The talks between Israel and Saudi Arabia, which are backed by the U.S., were held before the U.S.-Gulf Cooperation Council Working Group gathering in Riyadh, which was focused on defense and security, Bloomberg reported several anonymous sources involved in the meetings as saying.

More meetings between the two countries are expected to occur this weekend in Prague, during the Munich Security Conference, according to several of the sources.

14.02.2023 - 07:54 [ TheNationalnews.com ]

Saudi Arabia warns sanctions on Russia could lead to energy shortages

(05.02.2023)

Western sanctions against Russia could result in a shortage of energy supplies in future, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said on Saturday.

He was answering a question at an industry conference in Riyadh over how trade measures would affect the energy market.

14.02.2023 - 07:48 [ Forbes ]

Shell Reports Record Profits As Oil Giants—Including Exxon, Chevron—Cash In On Sky-High Prices After Russian Invasion Of Ukraine

(Feb 2, 2023)

Shell reported an annual profit of nearly $40 billion in 2022, the highest in the firm’s 115-year history.

The figure is more than double the $19.3 billion the firm reported in 2021 and far greater than its previous record of $31 billion in 2008.

14.02.2023 - 07:32 [ Matías Vernengo and Esteban Pérez Calde / Post-Keynesian Economics Society / Researchgate.net ]

Price and Prejudice: A Note on the Return of Inflation and Ideology

With the acceleration of inflation in the post-pandemic recovery, the debate seemed to be limited to whether the inflationary spike would be short-lived or persistent and become imbedded into inflationary expectations. While some Keynesian authors like Paul Krugman initially believed that inflation was caused by cost-push factors including by the sharp rises in energy and foodstuff prices as a result of the Ukraine war, and that it would quickly subside, the debate shifted rapidly and a new consensus according to which inflation was, in part the result of over stimulation of demand during the pandemic coupled with supply side shocks that lowered the potential level of output which provides the main theoretical justification for raising interest rates. Thus, even when most authors accept the notion that snags in the supply chain played a role in the acceleration of inflation, the main cause is to be seen on the excess demand side with the economy beyond its potential output level.

The challenge to conventional wisdom, and its emphasis on demand, has come from left
of center authors, like Robert Reich, that suggest inflation is caused by greedy corporations that have increased their profit margins during a crisis. This has brought back the old debate about the relationship between administered prices and inflation, and the proposition that inflation is directly related to highly concentrated market structures, or what might be termed oligopolistic inflation.

In other words, there is an ideological divide between those that blame inflation in an incompetent government and central bank reaction to the pandemic versus those that suggest that the real culprits are greedy corporations rising their mark up above their costs.

11.02.2023 - 05:32 [ Wall Street Journal ]

Biden Turns the U.S. Into a Shadow Member of OPEC

(13.12.2022)

President Biden has urged the Organization of the Petroleum Exporting Countries to increase production of oil and criticized the cartel harshly when it declines to do so—most recently on Dec. 4. But actions speak louder than words. Under the Biden administration, the U.S. has been acting as shadow member of the cartel.

07.02.2023 - 06:54 [ CNN ]

‘There is only so much patience one can have’: Biden appears to back off vow to punish Saudi Arabia

(03.02.2023)

Now almost a month into the new session of Congress, lawmakers have yet to hear from administration officials about launching a coordinated review of the US-Saudi relationship, despite repeated statements over the past few months by the White House that congressional input would be key to such an assessment

07.02.2023 - 06:52 [ CNN / Nitter ]

Months after President Biden promised Saudi Arabia would suffer “consequences” after OPEC+ announced it would cut production, his administration has no plans to punish – let alone significantly reorient its posture toward – the country, sources say

(03.02.2023)

07.02.2023 - 06:39 [ Bloomberg ]

OPEC+ Exports Show Russia Surges While Saudi Arabia Dials Back

(03.02.2023)

It’s also unclear exactly what drove the decrease in Saudi shipments, which dropped by 580,000 barrels a day last month, or about 8%.

17.01.2023 - 17:50 [ ZDF ]

Oxfam: Superreiche sind Gewinner der Krisen

Sie erzielten demnach 306 Milliarden US-Dollar an Zufallsgewinnen und schütteten 257 Milliarden US-Dollar (84 Prozent) davon an Aktionärinnen und Aktionäre aus. Oxfam definiert hier Gewinne als Zufallsgewinne, wenn sie den Durchschnitt der Jahre 2018 bis 2021 um 10 Prozent oder mehr übersteigen.

Unter dem Strich seien Konzerne und Superreiche die Gewinner von Corona-Pandemie und Energiekrise, hielt Oxfam fest. So habe das reichste Prozent der Weltbevölkerung seit Beginn der Pandemie rund zwei Drittel des weltweiten Vermögenszuwachses kassiert.

12.01.2023 - 17:30 [ GMB Union / Twitter ]

The workforce crisis in the NHS means ambulances are being used as mini hospitals. The public deserve a better service than that, and our members want to deliver it. Time for the government to get serious and make these workers an offer.

12.01.2023 - 17:25 [ Sky.com ]

GMB union to consider up to six more ambulance strike dates after failed talks with health secretary

A meeting held this morning with Health Secretary Stephen Barclay was described as „constructive“ by one doctors‘ union leader. But Professor Philip Banfield, chair of council at the British Medical Association (BMA), said there was no mention of one-off payments for NHS staff.

12.01.2023 - 17:05 [ BBC ]

NHS facing more walkouts as ambulance staff strike

„People can‘t get appointments anymore so they put off going to the doctor and when it gets worse they come to us,“ he says.

He and colleagues are also struggling with the cost of living, Mr Mistry say.

„I‘m now having to think about how much heating I have on in the house – I have it on for two hours a day now.“

07.01.2023 - 19:14 [ Bloomberg ]

The Untold Story Behind Saudi Arabia’s 41-Year U.S. Debt Secret

(May 31, 2016)

The basic framework was strikingly simple. The U.S. would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.

It took several discreet follow-up meetings to iron out all the details, Parsky said. But at the end of months of negotiations, there remained one small, yet crucial, catch: King Faisal bin Abdulaziz Al Saud demanded the country’s Treasury purchases stay “strictly secret,” according to a diplomatic cable obtained by Bloomberg from the National Archives database.