energy-market
Top StoriesEU Energy Regulator to Launch Lng Price Assessment on Friday
BusinessOctopus Energy Targets 1 Million German Customers by 2025
Top StoriesJapan Insurers to Maintain Cover for Lng Vessels in Russian Waters
Top StoriesOil Set to End Turbulent 2022 Modestly Higher
UK’s Sunak to Halve Support That Helps Businesses Pay Fuel Bills -The Times
Date: December 30, 2022
(Reuters) – British Prime Minister Rishi Sunak is poised to halve financial support on energy bills for businesses, amid concerns about the cost, The Times reported, without citing sources. Former Prime Minister Liz Truss had announced in September a six-month scheme to subsidise the wholesale price for businesses. UK Chancellor Jeremy Hunt “will announce a...
Oil Hits 3-week High as China Eases Covid Curbs
Date: December 27, 2022
By Alex Lawler LONDON (Reuters) -Oil hit a three-week high on Tuesday as China’s latest easing of COVID-19 restrictions spurred hopes of a demand recovery, although prices pared gains after some U.S. energy facilities shut by winter storms began to restart. China will stop requiring inbound travellers to go into quarantine, starting from Jan. 8,...
Oil Prices Rise as China Eases Covid Curbs, U.S. Storm Fuels Supply Worries
Date: December 27, 2022
By Isabel Kua SINGAPORE (Reuters) -Oil prices rose to three-week highs on Tuesday as China’s latest easing of COVID-19 restrictions spurred fuel demand hopes, while concerns that winter storms across the United States are affecting energy production continued to support prices. Brent crude was up 52 cents, or 0.6%, at $84.44 a barrel by 0712...
Japan Insurers in Talks With Reinsurers to Resume Coverage in Russian Waters
Date: December 26, 2022
TOKYO (Reuters) – Three Japanese insurance companies that are set to halt marine coverage of risks related to the war in Ukraine starting next month are in talks with reinsurers to resume those operations, they said on Monday. Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance on Friday told shipowners...
Engie Warns of Hit From Windfall Levies, Belgian Nuclear Provisions
Date: December 21, 2022
PARIS (Reuters) – France’s Engie warned on Tuesday of an earnings hit from European Union approved windfall levies and larger-than-expected provisions for dismantling Belgian nuclear plants, sending the energy company’s shares sharply lower. Engie forecast the impact on its group EBITDA from windfall levies in France, Belgium and Italy would be as high as 0.9...
Cold Spell Tests Europe’s Gas Cutback Ambitions
Date: December 9, 2022
By Leigh Thomas PARIS (Reuters) – Europe’s first cold spell heading into the depths of winter is testing the resolve of countries to continue limiting gas use after they comfortably exceeded an EU reduction target, analysis of consumption data shows. European countries on average cut their natural gas consumption by 24% in November from the...