Port of Rotterdam core profit up 6% despite lack of Russian cargo

Port of Rotterdam core profit up 6% despite lack of Russian cargo

AMSTERDAM, Feb 23 (Reuters) – Core profits at the Port of Rotterdam rose 6.1% last year despite a slight decline in cargo turnover, it said on Thursday as Russian coal, LNG and oil were replaced by other energy sources. Europe’s largest port said throughput fell 0.3% to 467.4 million tons, but earnings before interest, taxes, … Read more

Column: Europe’s industry will feel the sting of high and rising carbon costs

Kmart pushes Australian Wesfarmers to boost profits due to lockdown

LITTLETON, Colorado, Feb 23 (Reuters) – This week’s rise in European carbon prices to above 100 euros ($107) a tonne sends an ominous signal to European manufacturers and heavy industry, who have so far been holding back. emission reduction. EU carbon prices According to the latest available data from the European Environment Agency (EEA) for … Read more

Column: War in Ukraine shows commodity markets are resilient and adaptable: Russell

Column: War in Ukraine shows commodity markets are resilient and adaptable: Russell

February 23. A year after Russia invaded Ukraine and led to commodity market turmoil, it is clear that the main takeaway is that markets are surprisingly resilient and adapt quickly to changing circumstances. While the prices of commodities such as crude oil, liquefied natural gas (LNG) and coal initially skyrocketed as a result of the … Read more

Column: War in Ukraine shows commodity markets are resilient and adaptable: Russell

Column: War in Ukraine shows commodity markets are resilient and adaptable: Russell

February 23. A year after Russia invaded Ukraine and led to commodity market turmoil, it is clear that the main takeaway is that markets are surprisingly resilient and adapt quickly to changing circumstances. While the prices of commodities such as crude oil, liquefied natural gas (LNG) and coal initially skyrocketed as a result of the … Read more

Column: War in Ukraine shows commodity markets are resilient and adaptable: Russell

Column: War in Ukraine shows commodity markets are resilient and adaptable: Russell

February 23. A year after Russia invaded Ukraine and led to commodity market turmoil, it is clear that the main takeaway is that markets are surprisingly resilient and adapt quickly to changing circumstances. While the prices of commodities such as crude oil, liquefied natural gas (LNG) and coal initially skyrocketed as a result of the … Read more

Gas supplies to Germany secured for next winter, economic institute says

Gas supplies to Germany secured for next winter, economic institute says

BERLIN, Feb 22 (Reuters) – Germany is unlikely to face gas shortages this winter and should stop converting floating liquefied natural gas (LNG) terminals to fixed terminals, according to a study by the economics institute DIW published by Reuters. Wednesday. In the most likely scenario, Germany will have sufficient stocks of around 87 billion cubic … Read more

Australian Santos profit more than doubled for the year, dividend increased

Australian Santos profit more than doubled for the year, dividend increased

Feb 22 (Reuters) – Australian gas producer Santos Ltd. (STO.AX) said on Wednesday its full-year underlying profit more than doubled thanks to an increase in its liquefied natural gas (LNG) portfolio following its merger with Oil Search and a sharp rise in oil and gas prices. Energy companies around the world are seeing their profits … Read more

German Ministry of Economy highlights measures to accelerate energy transition

German Ministry of Economy highlights measures to accelerate energy transition

FRANKFURT, Feb 21 (Reuters) – Germany has identified three key measures, including financial support to develop energy transition technologies while boosting clean energy production and transmission, Economics Minister Robert Habeck said on Tuesday. “We have to strengthen the renewable energy production capacity in Germany and Europe,” he said at a press conference. Habek said the … Read more

Romania eyeing energy projects that diversify supplies, says deputy minister

Kmart pushes Australian Wesfarmers to boost profits due to lockdown

BUCHAREST, Feb 21 (Reuters) – Energy diversification projects, such as a plan to lay an electric cable under the Black Sea to bring Azerbaijan’s electricity to the European Union, have a better chance of being implemented after Russia’s war in Ukraine, a Romanian deputy said on Tuesday Minister of Energy. The EU state of Romania … Read more

Spain’s Cepsa has signed an agreement with the Netherlands to increase the use of clean fuel

Spain's Cepsa has signed an agreement with the Netherlands to increase the use of clean fuel

The agreement provides for the supply of green ammonia to Rotterdam Dutch minister says Spain and Portugal are needed as hydrogen suppliers Port of Rotterdam plans to produce 4.6 megatons of hydrogen by 2030 MADRID, Feb 20 (Reuters) – Spain’s Cepsa on Monday signed an agreement with three Dutch companies to supply green ammonia to … Read more