energy-market
Top StoriesEurope’s Energy Taxes Are Worsening Industry Woes, Power CEO Says
InvestingU.S. Crude Exports to Europe Expected to Fall in Jan as Shipping Economics Weaken
InvestingOil Falls on Demand Concerns After Fed Signals Slower Easing Ahead
Top StoriesBritain Seeks to Beef up Ofgem Energy Regulator’s Powers
German 2024 Gas Consumption up 3.3%, Industry Group Says
Date: December 18, 2024
FRANKFURT (Reuters) – German utility industry group BDEW on Wednesday reported annual national usage of natural gas rose 3.3% in 2024 to 835 billion kilowatt hours (kWh). The figure is watched in the context of Germany’s growing reliance on gas imports via intra-European pipelines other than from Russia, which were halted in the Ukraine war,...
Oil Steady While Market Eyes Fed Rate Decision
Date: December 18, 2024
By Colleen Howe and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices traded in a narrow range early on Wednesday as investors remained cautious ahead of an expected interest rate cut by the U.S. Federal Reserve, while weighing up the potential supply impact of tighter sanctions on Russia. Brent futures inched up 1 cent at $73.20 a...
Analysis-Gas Price Shock Set to Add to Europe’s Industrial Pain
Date: December 13, 2024
By Forrest Crellin, Nora Buli and Nina Chestney PARIS/OSLO/LONDON (Reuters) – Europe’s struggling industries are bracing for a new gas price shock over the coming winter months, as colder weather depletes stocks, competition with Asia for liquefied natural gas intensifies, and the prospect of reduced Russian supplies looms. Since the energy crisis of 2022, when...
Analysis-Gas Price Shock Set to Add to Europe’s Industrial Pain
Date: December 6, 2024
By Forrest Crellin, Nora Buli and Nina Chestney PARIS/OSLO/LONDON (Reuters) – Europe’s struggling industries are bracing for a new gas price shock over the coming winter months, as colder weather depletes stocks, competition with Asia for liquefied natural gas intensifies, and the prospect of reduced Russian supplies looms. Since the energy crisis of 2022, when...
Oil Falls as Investors Weigh Ample 2025 Supply Outlook, Delayed Opec+ Output Hike
Date: December 6, 2024
By Georgina McCartney HOUSTON (Reuters) -Oil prices fell on Thursday as investors weighed an ample supply outlook for next year against OPEC+ delaying its planned output increase by three months to April 2025. Brent crude settled down 22 cents, or 0.3%, at $72.09 a barrel, while U.S. West Texas Intermediate (WTI) settled down 24 cents,...
Oil Slightly Firmer Ahead of Opec+ Supply Decision
Date: December 5, 2024
By Yuka Obayashi and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices were mostly stable on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on supply cuts while also monitoring geopolitical tension in the Middle East. Brent crude futures rose 6 cents, or...