Bloomberg A wave of new oil refining capacity that’s coming on stream won’t be enough to solve a global shortage of diesel, jet fuel and similar petroleum products. That’s the takeway from the Paris-based International Energy Agency’s (IEA’s) monthly report, which shows that increased processing — as new plants come online — this year and next will fall well ...

  Bloomberg Eni said Gazprom will supply only 50 percent of Italy gas requested for June 17. Eni has submitted a daily gas demand for approximately 63 million cubic meters, the Italian company said on its website. Actual delivered volumes almost unchanged with respect to the amounts. Italian Energy Minister Roberto Cingolani’s office has said the country is not facing ...

  Bloomberg Europe’s biggest economies are seeing near-record amounts of solar power as a heat wave spreads across the southwest of the continent, boosting demand for electricity to keep people cool. Solar met almost a quarter of all energy demand in five of Europe’s biggest power markets. The surge in electricity supply did little to ease rising prices that are ...