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Germany reaches 95% natural gas storage target ahead of schedule

Bloomberg Germany met a crucial natural-gas storage target more than two weeks ahead of plan, but the regulator warned that wasn’t enough to guarantee supplies during the coldest months. Gas storage in Europe’s biggest economy is now on average 95% full, ahead of a November 1 deadline, according to the Economy Ministry. Germany was the EU country most reliant on ...

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Russia sanctions spur buying frenzy for ice-breaking oil tankers

  Bloomberg The cost of oil tankers that can navigate icy waters has surged ahead of looming European Union sanctions on the export of Russian crude. Some ice-class Aframax vessels have recently been sold at between $31 million and $34 million, double the price compared with a year earlier, said shipbrokers. The bids for tankers have been aggressive and most ...

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BP to power London’s largest car service going all-electric

  Bloomberg BP Plc’s electric-vehicle charging business is partnering with Addison Lee, London’s largest car and courier service, to keep its drivers from running out of battery range. Addison Lee’s fleet of EVs — which is expected to be 1,000 strong by the end of the year — will get enhanced access to BP Pulse’s more than 3,000 charging points, ...

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