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Operators work at Enagas regasification plant, the largest LNG plant in Europe, in Barcelona, Spain, March 29, 2022. Natural gas and electricity prices in Europe have plunged from summer peaks thanks to mild weather and a monthslong scramble to fill gas storage ahead of winter and replace Russian supplies during the war in Ukraine. It's a welcome respite after Russia slashed natural gas flows, triggering an energy crisis that has fueled record inflation and a looming recession. (AP Photo/Emilio Morenatti, File)

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Gas crunch eases in Europe — but the respite might not last
By DAVID MCHUGH - AP Business Writer
Wed,10/26/22-1:10AM , 137 Reads
FRANKFURT, Germany (AP) — Natural gas and electricity prices in Europe have plunged from summer peaks thanks to mild weather and a monthslong scramble to fill gas storage ahead of winter and replace Russian supplies during the war in Ukraine.
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Gas prices are displayed at a gas station in Frankfurt, Germany, Wednesday, Oct. 5, 2022. A cut in oil production is on the table when OPEC oil-producing countries meet Wednesday. The OPEC+ alliance that includes Saudi Arabia and Russia is weighing a cut of a million barrels per day or more. The idea is to boost oil prices that have fallen from summer highs of over $100 to around $80 for U.S. crude. (AP Photo/Michael Probst)

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EXPLAINER: How will OPEC+ cuts affect gas prices, inflation?
By DAVID MCHUGH - AP Business Writer
Thu,10/06/22-11:19AM , 150 Reads
FRANKFURT, Germany (AP) — Major oil-producing countries led by Saudi Arabia and Russia have decided to slash the amount of oil they deliver to the global economy.
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Taps are photographed at a gas station in Frankfurt, Germany, Wednesday, Oct. 5, 2022. A cut in oil production is on the table when OPEC oil-producing countries meet Wednesday. The OPEC+ alliance that includes Saudi Arabia and Russia is weighing a cut of a million barrels per day or more. The idea is to boost oil prices that have fallen from summer highs of over $100 to around $80 for U.S. crude. (AP Photo/Michael Probst)

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OPEC+ makes big oil cut to boost prices; pump costs may rise
By DAVID MCHUGH - AP Business Writer
Wed,10/05/22-3:31AM , 237 Reads
FRANKFURT, Germany (AP) — The OPEC+ alliance of oil-exporting countries decided Wednesday to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and raise politically
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Chimneys and a tank are pictured at the BASF chemical plant in Ludwigshafen, Germany, Tuesday, Sept. 27, 2022. (AP Photo/Michael Probst)

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Experts: Europe faces 'unprecedented risk' of a gas shortage
By DAVID MCHUGH - AP Business Writer
Mon,10/03/22-12:01AM , 343 Reads
Europe faces “unprecedented risks” to its natural gas supplies this winter after Russia cut off most pipeline shipments, the International Energy Agency said Monday, warning that European nations could wind up competing with Asia for already scarce a
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