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42d06/01

Turkey Looks to Create Azerbaijan-Europe Electricity Corridor

Turkey and Azerbaijan are looking to create an electricity corridor to boost energy connectivity between Azerbaijan and southeast Europe, Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar, said on Monday. "We are going to create the electricity version of TANAP," the Turkish official said at the Baku Energy Week in Azerbaijan, referring to the Trans-Anatolian Natural Gas Pipeline (TANAP), the first pipeline leg of the Southern Gas Corridor that ships gas from Azerbaijan to Eu

◇ unclassifiedmiddle-east · russia · usa
42d06/01

Europe’s Industrial Future Is Not Where Most People Think It Is

For the past several years, Europe’s industrial debate has been dominated by a single word: decline. Factories are closing. Energy prices remain structurally higher than in competing regions. Germany’s industrial machine is under pressure. Steel, chemicals, fertilizers, and other energy-intensive sectors continue to struggle with the aftershocks of the gas crisis triggered by Russia’s invasion of Ukraine. The conclusion often seems self-evident: Europe is deindustrializing. But reality is becomi

◇ unclassifiedmiddle-east · russia · usa
42d06/01

BP Starts Production at Trillion-Cubic-Foot Gas Prize In Azerbaijan

BP Plc.(NYSE:BP) has officially launched commercial production of natural gas from the deeper reservoirs of the Azeri-Chirag-Gunashli (ACG) block, Azerbaijan's largest oilfield. Additionally, the British energy giant is looking to expand its regional footprint by preparing to take over as the operator of the massive offshore Babek gas field. Energy market observers will view the dual aim here as significantly deepening Western energy integration in the Caspian Sea, strengthening Azerbaijan's rol

◇ unclassifiedmiddle-east · russia · usa
42d06/01⚠ war-conflict · 1/5

Neo-brokers have done more for social mobility than the political left

Neo-brokers have done more concrete social work in recent years than the political left. Before the outrage starts: I don't mean charity, but actually improving opportunities for normal people. For decades, the capital market in Germany was effectively a club for people with higher incomes, financial knowledge or a bank advisor. High fees, complicated deposits and minimum amounts have deterred many people. At the same time, wealth creation was po

Social◇ unclassifiedgermany · europe
42d06/01

Are we REALLY two weeks away from running out of oil?

I've been seeing analyst after analyst saying that the oil reserves mostly of European and Asian countries are two weeks away from running out if no Iran deal is reached. This will cause prices everywhere to skyrocket. Thing is, I've been hearing this same thing for weeks. Regardless of politics or blame, is the other shoe ACTUALLY going to drop in about two weeks or is this the "weatherman effect" where it's just safer for them to predict the worst outcome just in case? If the worst case scenar

Social◇ unclassifiedeurope · iran
42d06/01⚠ war-conflict · 3/5

Rystad: U.S.-Iran Re-Escalation Could Drive Oil To $180 By August

An acute re-escalation in the U.S.-Iran conflict and a prolonged blockage of the Strait of Hormuz could drive global crude oil prices to $180 per barrel by August, Jorge León, Head of Geopolitical Analysis at Rystad Energy, has projected on CNBC's Squawk Box Europe. According to Rystad's León, this extreme bull-case scenario would materialize in the form of prolonged military strikes, physical damage to infrastructure or full Strait of Hormuz blockade. León says that whereas recent de-escalation

◇ unclassifiedmiddle-east · russia · usa
42d06/01

Norway Strike Could Hit 600 Offshore Workers as Wage Talks Collapse

A potential strike over wages could threaten smooth operations offshore Norway, Western Europe's top oil and gas producer, at a time when the world is scrambling for oil and gas supply amid the Middle East crisis. Almost 8% of oil and gas workers offshore Norway could go on a strike from June 5 if trade union negotiations with industry fail to reach an agreement in a government-brokered mediation process, according to data from the labor unions on Monday. More than 600 workers out of about 8,100

◇ unclassifiedmiddle-east · russia · usa
42d06/01

high risk economic suicide to avoid unsustainable cost of living raise in this rat race

Scared to actual suicide, thinking about economic one. It may feel strange to read something like this in this subreddit, I hope it won’t get deleted. I’m in my mid 30, grow up in south Europe, I should be a young professional “launched” in the core of his career but basically every second of my life I feel stuck in endless cycle of fear of insecurity (about income, shelter) and total despise of the corporate world. I don’t want to give a comprehensive story of my life, and I forecast many answe

Social◇ unclassifiedeurope · usa
42d06/01⚠ war-conflict · 1/5

Eastern European wedding in Germany: Expensive, beautiful and no regrets

Wedding budget migration children edition. Since we are currently listing costs for weddings here at r/finanzen and I immediately reminisced about positive memories, I was happy to go through our positions again. At that time we had around €6,000-7,000 net per month together and got married in 2020/2021. In 2020, the registry office was still in the middle of Corona, so there was initially only a small celebration with only around 25 people, i.e. what was allowed at the time. 2021 came Tuesday

Social◇ unclassifiedgermany · usa · europe
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