Hypersonica, the British-German #defence company developing #sovereign#hypersonic deep-strike systems for #Europe and its #allies, has secured €100 million in Series B funding.
Europe will release 42M barrels of emergency oil stocks over the next three months, half of it diesel, to cut fuel prices before winter. France expects pump prices to fall 12-18 cents per liter as soon as next week. #OilPrice#Diesel#Europe#IEA
EU energy ministers meet today on a worsening energy price crisis as winter nears. EU gas touched 100 euros per MWh on Wednesday, and storage sits near 75% versus over 80% on average over the past five years. #EU#NaturalGas#Energy#Europe
Saudi Aramco is offering European refiners spot crude for October and November, some below its official price, weeks after canceling October cargoes when the East-West pipeline was hit. Full November allocations are back on. #Oil#Aramco#Europe
Europe's benchmark TTF gas price rose 2.1% to as much as $107.40/MWh on Monday, its highest since 2022, after a 7% weekly gain. EU storage is only 74.62% full vs a ~86% five-year average with Qatar LNG cut off. #NaturalGas#LNG#TTF#Europe
