• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Wind droughts
  • 1 day "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 9 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 8 hours "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 15 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 7 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 8 hours The Federal Reserve and Money...Aspects which are not widely known
  • 5 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 15 hours "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 14 hours "Dodgy Demand Data? The Oil Price Collapse Conspiracy" by Alex Kimani
  • 7 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 9 days Goldman Betting on Cryptocurrencies
  • 12 days Сryptocurrency predictions
Escalating Protests In China Add To Oil Market Volatility

Escalating Protests In China Add To Oil Market Volatility

Lockdown protests in Guangzhou escalated…

Are Fears Of China’s Oil Demand Slump Overblown?

Are Fears Of China’s Oil Demand Slump Overblown?

Concerns about China’s wavering crude…

Five Oil Pipeline Valves Reportedly Shut Down By German Activists

German activists have allegedly succeeded in halting the flow of crude oil through pipelines at five separate locations in protest against the country’s foot-dragging on a ban on Russian oil.

A group calling itself “The Uprising of the Last Generation” claims to have breached the pipelines at emergency stations on Wednesday where climate activists activated shut-off valves and then chained themselves to the valves.

According to Reuters, the five valve locations were in Berlin, Munich, Leipzig, Greifswald and Koblenz. 

The group said that “crude oil pipelines had been turned off all over Germany and the flow of oil had been interrupted”. Members of the group filmed the shut-offs, posting video and photographs on Twitter and Instagram.

According to Germany’s Tichys Einblick daily, it was unclear at the time of writing if crude oil flows along this pipeline had effectively been halted.

Activists are demanding that the government of Olaf Scholz work faster to find ways to reduce Germany’s dependence on Russian energy sources.

"We are in a climate emergency! The German government not only ignores it, it plans to fuel it further. To now want to drill for oil in our North Sea - this is madness that you must stop, Mr. Habeck!" activist Edmund Schulz said in a statement.

Germany, the European Union’s largest economy, has waffled on Russian oil and gas, with unions and industry leaders warning that an “immediate” Russian natural gas ban would be disastrous to the economy.

Germany has already cut Russian oil imports by over 20%, with officials now spreading optimism that it could be only a matter of days before the country is capable of a total embargo on Russian oil.

On Tuesday, German Economy Minister Robert Habeck declared that Germany had reduced Russian oil imports to around 12% from 35% prior to the invasion of Ukraine, and that a full ban on Russian oil would be “manageable” soon–potentially in a matter of days. 

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News