energy-market
FinanceAnalysis-German Gas Levy Limbo Raises Risk of Higher Costs for Edgy Neighbours
TradingOil Prices Edge up Ahead of Imminent Opec+ Decision; Geopolitical Turmoil in Focus
TradingOil Prices Steady Ahead of Imminent Opec+ Decision; Geopolitical Turmoil in Focus
TradingOil Prices Nudge Higher Ahead of Opec+ Meeting
US Lng Exports to Europe Surge in November on Higher Prices
Date: December 3, 2024
By Curtis Williams HOUSTON (Reuters) – U.S. LNG exports to Europe surged in November as the world’s largest producer of the superchilled gas sent more cargoes to the continent and fewer to Asia and Latin America, according to preliminary data from financial firm LSEG. European natural gas prices climbed in November to their highest levels...
Analysis-Adani Allegations Shine Spotlight on India’s Clean Energy Conundrum
Date: November 28, 2024
By Sudarshan Varadhan and Sethuraman N R NEW DELHI (Reuters) – Bribery allegations against Adani Group founder Gautam Adani have highlighted the growing problem India’s renewable energy developers face in finding buyers for the power they generate. While India’s central government wants to shift away from polluting coal-fired generation towards solar and wind, officials say...
Polish Utility Pge Posts Lower Q3 Net Profit Dragged by Coal Segment
Date: November 27, 2024
GDANSK (Reuters) – Poland’s biggest utility PGE reported a near 24% year-on-year fall in its third-quarter net profit on Tuesday, amid continued weakness in its coal-based conventional power generation segment. WHY IT’S IMPORTANT PGE, along with other Polish utilities, is under pressure from falling profitability in its coal-fired power generation segment, having to cope with...
German Minister Proposes Subsidies to Stabilize Power Network Fees
Date: November 26, 2024
BERLIN (Reuters) – German Economy Minister Robert Habeck on Tuesday proposed subsidies to stabilize fluctuations in electricity network fees, as consumers and companies bear the brunt of high energy costs that have hindered production and investment. The subsidies “would be a short-term measure for 2025, which could still be technically implemented, for example, through a...
Oil Steadies Amid Possible Middle East Ceasefire
Date: November 26, 2024
By Georgina McCartney and Gabrielle Ng (Reuters) -Oil prices ticked up in early trade on Tuesday after falling in the previous session as investors took stock of a potential ceasefire between Israel and Hezbollah, weighing on oil’s risk premium. Brent crude futures rose 29 cents, or 0.4%, to $73.2 a barrel as at 0430 GMT,...
Oil Prices Edge up to 2-week High as Ukraine War Intensifies
Date: November 22, 2024
By Scott DiSavino (Reuters) -Oil prices edged up about 1% to a two-week high on Friday as the intensifying war in Ukraine this week boosted the market’s geopolitical risk premium. Brent futures rose 66 cents, or 0.9%, to $74.89 a barrel by 11:39 a.m. EST (1639 GMT), while U.S. West Texas Intermediate crude rose 77...