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European gas set for 3rd weekly gain as supply worries deepen

  Bloomberg Natural gas prices in Europe headed for the longest streak of weekly gains this year as a prolonged shutdown of a key export facility in the US further tightens a market that’s already reeling from Moscow’s supply cuts. Benchmark futures rose as much as 6.1% to advance for a third week. The Freeport LNG project now plans to ...

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Russia’s oil revival gets some help from domestic refineries

  Bloomberg Russia’s oil output is edging back toward pre-war levels, and a revival in large and small refineries scattered across the country is a major driver of the change. The trend is another example — from rising oil-product exports to higher prices for Urals crude — of how Russia’s energy industry is adapting to trade restrictions imposed after its ...

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Illegal protests double power outages in South Africa: Eskom

  Bloomberg About half of South Africa’s record electricity outages this week have been caused by employees staying away from work during illegal protests, the head of the state power utility said. Eskom Holdings SOC Ltd. was forced to implement Stage-6 power outages — equivalent to cutting 6,000 megawatts from the grid — because of disruptions that have lasted a ...

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