energy-market
Top StoriesEnergy Stocks Drag European Shares Lower; Lagarde Speech in Focus
Top StoriesSpain’s Grenergy to Expand in US Under $2.8 Billion Plan
FinanceFbs Reveals Three Key Macro Factors Shaping Financial Markets in Q4
Top StoriesOil Set for Second Weekly Gain on Gaza Escalation Fears
Verbund CEO Says Volatility Is the ‘new Normal’ on Power and Gas Markets
Date: October 12, 2023
Verbund CEO says volatility is the ‘new normal’ on power and gas markets By Alexandra Schwarz-Goerlich VIENNA (Reuters) – European countries must expect volatile power and gas markets in the long run even after the current conflicts in Ukraine and the Middle East have faded, the head of Austrian hydropower heavyweight Verbund told Reuters in...
Oil Tumbles 2% to 3-week Low on Strong Dollar, Profit Taking
Date: October 3, 2023
Oil tumbles 2% to 3-week low on strong dollar, profit taking By Scott DiSavino NEW YORK (Reuters) -Oil prices fell about 2% on Monday to a three-week low as a higher-priced Brent contract expired, the U.S. dollar strengthened and traders took profits, concerned about rising crude supplies and pressure on demand from high interest rates....
Russia Temporarily Bans Fuel Exports to Most Countries in Response to Shortages
Date: September 22, 2023
Russia temporarily bans fuel exports to most countries in response to shortages MOSCOW (Reuters) -Russia has temporarily banned exports of gasoline and diesel to all countries outside a circle of four ex-Soviet states with immediate effect in order to stabilise the domestic market, the government said on Thursday. It said the ban did not apply...
Oil Rises 1% on Softer Dollar, US Braces for Hurricane Hit
Date: August 30, 2023
Oil rises 1% on softer dollar, US braces for hurricane hit By Shariq Khan BENGALURU (Reuters) -Oil prices rallied more than a dollar a barrel on Tuesday as the greenback slid, while investors debated the potential impact to energy supply and demand from Hurricane Idalia set to hit Florida this week. Brent crude futures rose...
Shell Taps Goldman Sachs to Explore Singapore Refinery Sale -Sources
Date: August 24, 2023
Shell taps Goldman Sachs to explore Singapore refinery sale -sources By Trixie Yap, Chen Aizhu and Florence Tan SINGAPORE (Reuters) -Shell is considering a sale of its Singapore refining and petrochemical plants as part of a broader strategic review and has hired investment bank Goldman Sachs to explore a potential deal, said several sources close...
Oil Prices Wobble on Worries Over China Economy, US Rate Path
Date: August 17, 2023
Oil prices wobble on worries over China economy, US rate path By Sudarshan Varadhan SINGAPORE (Reuters) – Oil prices were choppy on Thursday after falling over the past three sessions, with the undertone grim on worries that slowing growth in China and possible further U.S. interest rate hikes will weaken fuel demand in the world’s...