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EU approves German measure to support BASF production of renewable hydrogen

BRUSSELS, Oct 3 (Reuters) - The European Commission on Monday approved a 134 million euro ($130.80 million) German measure to support BASF SE BASFn.DE in the production of renewable hydrogen, to help decarbonise its chemical production processes. "This 134 million euro measure enables Germany to help BASF step up its renewable hydrogen production capacities, thereby contributing to the greening of the chemical value chain and of the transport sector," EU antitrust chief Margrethe Vestager said i
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Yara cuts cast doubt on Europe's fertiliser production

* Ammonia used in fertilisers, requires vast amounts of gas * Curtailed output means less fertiliser for agriculture * Food production may be impacted - analysts By Louise Rasmussen and Terje Solsvik Aug 25 (Reuters) - Norway's Yara YAR.OL , one of the world's largest fertiliser makers, is slashing ammonia production due to soaring gas prices, raising questions about Europe's ability to produce enough fertiliser for its crops.
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Traffic builds up along Rhine after vessel's engine failure

BERLIN, Aug 17 (Reuters) - Around 20 ships are stuck in traffic along Germany's river Rhine, where low water levels have already impeded shipping this summer, after a vessel's engine failure closed part of the waterway, authorities said on Wednesday. A vessel with a 1,660-ton load was forced to drop anchor due to an engine failure, closing traffic between St Goar and Oberwesel, river police said.
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Traffic along Rhine further hindered after vessel's engine failure

BERLIN, Aug 17 (Reuters) - Traffic along the river Rhine, impeded by low water levels, was hindered further on Wednesday after a vessel's engine failure closed part of the waterway, said the river police. A vessel with a 1,660-ton load was forced to drop anchor in the waterway due to an engine failure, closing traffic between St Goar and Oberwesel.
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Shipping disruption continues as Rhine water levels fall again in Germany

HAMBURG, Aug 12 (Reuters) - Water levels on the river Rhine in Germany have fallen again in dry weather on Friday, with some vessels no longer able to sail, shipping operators and brokers said. Rhine cargo shipping continues, but with vessels sometimes forced to sail three-quarters empty with cargo owners often needing to pay for four vessels to transport their loads instead of one.
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Shipping disruption continues as Rhine water levels fall again in Germany

HAMBURG, Aug 12 (Reuters) - Water levels on the river Rhine in Germany have fallen again in dry weather on Friday, with some vessels no longer able to sail, shipping operators and brokers said. Rhine cargo shipping continues, but with vessels sometimes forced to sail three-quarters empty with cargo owners often needing to pay for four vessels to transport their loads instead of one.
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Low Rhine water levels threaten Germany's economic growth

* Low river levels disrupt shipping, hike freight costs * German economy could take additional hit - economists * Barges only partially laden * Disruption could hit coal power plants By Rene Wagner and Toby Sterling BERLIN/LOBITH, Netherlands, Aug 10 (Reuters) - Already bracing for recession and winter energy shortages, German businesses are grappling with the lack of another precious commodity: rain.
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Low Rhine water levels another drain on Germany's economy

* Low river levels disrupt shipping, hike freight costs * German economy could take additional hit - economists * Barges only partially laden * Disruption could hit coal power plants By Rene Wagner and Toby Sterling BERLIN/LOBITH, Netherlands, Aug 10 (Reuters) - Already bracing for recession and winter energy shortages, German businesses are grappling with the lack of another precious commodity: rain.
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BASF may have to cut production due to low Rhine water levels- statement

BERLIN, Aug 5 (Reuters) - German chemicals giant BASF BASFn.DE said it could not rule out needing to make cuts to production in the coming weeks due to low water levels on the Rhine river, one of the key logistics arteries for Europe's largest economy. "Currently, production is not affected by the low water," the company said in an e-mailed statement on Friday.
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BASF readies more ammonia production cuts in gas supply crunch

* BASF cut ammonia output in Sept, now reducing it further * Yara's ammonia output across Europe is 27% below capacity * SKW, Ineos say monitoring situation closely By Ludwig Burger FRANKFURT, July 27 (Reuters) - Germany's BASF BASFn.DE , the world's largest chemical company, is cutting ammonia production further due to soaring natural gas prices, it said on Wednesday, with potential ramifications from farming to fizzy drinks.
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BASF considers more ammonia production cuts in gas supply crunch-sources

* BASF cut ammonia output in Sept, could do again - sources * Yara's ammonia output across Europe is 27% below capacity * SKW, Ineos say monitoring situation closely By Ludwig Burger FRANKFURT, July 27 (Reuters) - Germany's BASF, the world's largest chemical company, is considering further cuts to ammonia production due to soaring natural gas prices, two sources familiar with the matter said, with potential ramifications from farming to fizzy drinks.
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Germany's gas crisis in charts: Pipeline repair, and then what?

(This updates a package from Friday with confirmation of maintenance start, tweaks to first and second graphics) By Vera Eckert and Tom Sims FRANKFURT, July 11 (Reuters) - The flow of gas from Russia to Germany through the Nord Stream 1 pipeline stopped on Monday as a planned 10-day maintenance period began. The question is: Will flows then resume?
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Germany's gas crisis in charts: Pipeline repair, and then what?

(This updates a package originally published on June 29 with new content) By Vera Eckert and Tom Sims FRANKFURT, July 8 (Reuters) - The flow of gas from Russia to Germany through the Nord Stream 1 pipeline will stop on Monday for a planned 10-day maintenance period. The question is: Will flows then resume? Germany is largely dependent on Russian gas to fuel its export-led economy and to keep homes warm.
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Germany's gas crisis in five charts

By Vera Eckert and Tom Sims FRANKFURT, June 29 (Reuters) - Germany, largely dependent on Russian gas to fuel its export-led economy and to keep homes warm, is bracing for a possible total halt in Russian supplies if Moscow steps up its use of gas as an economic weapon against the West while it wages war in Ukraine. Already down since last year, Russian gas flows slowed further through the important Nord Stream 1 pipeline this month, and Berlin has moved to the second of three stages of its suppl
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As Russia cuts gas, German industry grapples with painful choices

By Patricia Weiss and Christoph Steitz FRANKFURT, June 23 (Reuters) - The German companies that drive Europe's biggest economy are contemplating painful cuts to their output and resorting to polluting forms of energy previously considered unthinkable as they adjust to the prospect of running out of Russian gas. Reduced Russian deliveries have accelerated efforts across German industry to find alternatives to keep factories running and limit the economic cost.
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As Russia cuts gas, German industry grapples with painful choices

By Patricia Weiss and Christoph Steitz FRANKFURT, June 23 (Reuters) - The German companies that drive Europe's biggest economy are contemplating painful cuts to their output and resorting to polluting forms of energy previously considered unthinkable as they adjust to the prospect of running out of Russian gas. Reduced Russian deliveries have accelerated efforts across German industry to find alternatives to keep factories running and limit the economic cost.
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European stocks bounce off lowest in more than a year after Powell remarks

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Wall Street turns positive, helping sentiment * Oil majors slide as crude dives * Defensives gain, capping losses * ArcelorMittal, other steel makers fall on JPM downgrade (Updates to close) By Sruthi Shankar and Susan Mathew June 22 (Reuters) - European stocks bounced off session lows on Wednesday after Federal Reserve Chair Jerome Powell said the U.S.
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Bayer says Ukraine farmers progress with planting despite war

FRANKFURT, May 10 (Reuters) - Farmers in Ukraine have made better-than-expected progress preparing their fields so far despite Russia's attack on the country, the world's largest supplier of seeds and crop chemicals, Bayer BAYGn.DE , said on Tuesday. "Not only us but all companies that operate in the (agricultural) inputs area have gone out of their way in order to make sure that they can supply (in Ukraine)," Bayer Chief Executive Werner Baumann told analysts in a call after the release of firs
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European stocks slip as downbeat China data dents risk appetite

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) May 2 (Reuters) - European stocks fell in thin trade on Monday, pressured by heavyweights such as Mercedes-Benz trading ex-dividend, while data that signalled a steeper pace of contraction in China's factory activity also dampened risk appetite.
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Something's off

A look at the day ahead in markets from Julien Ponthus. It's the final day of trading of April and it does look like despite the fireworks on Wall Street last night, this month bears sombre omens for what's to come, notably with Asian shares on the verge of their worst month since the COVID-19 March 2020 crash. It's even worse for the Nasdaq .NDX which is on course for its biggest losses in a month since the financial crisis of 2008. For all the enthusiasm surrounding the earnings of Meta Platfo
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