energy-market
Top StoriesOil Rebounds From 2022 Lows on China Demand Hopes, Tanker Delays
Top StoriesHungarian Government Scraps Price Cap on Fuels as Shortage Worsens
Top StoriesEmergency Call Services, Telcos Urge EU to Protect Telecoms Networks From Power Cuts
Top StoriesEdf Sold Excess Power on Sunday, Forced to Buy Back on Intraday Market
Trafigura Enters $3 Billion Loan to Supply Germany’s Sefe With Gas
Date: December 5, 2022
xFRANKFURT (Reuters) – Commodities trading firm Trafigura on Monday said it has entered into a $3 billion four-year loan to supply gas to German gas trader Sefe, formerly known as Gazprom Germania, and help Europe’s largest economy secure volumes long-term. “We are proud to be contributing to Europe’s energy security by supplying this significant volume...
Analysis-Energy Hungry Europe Can’t Look to U.S. Shale to Fill Any OPEC Gap
Date: December 2, 2022
By Laila Kearney, Liz Hampton and Arathy Somasekhar NEW YORK/DENVER/HOUSTON (Reuters) – U.S. shale oil drillers turned from scrappy wildcatters into multi-millionaires over the past two decades, propelling the United States to become the world’s largest producer, but now they are running out of runway. Oil output gains are slowing and executives from some of...
India’s Reliance Makes Rare Buy of Russian Naphtha, Ups Fuel Oil Imports
Date: December 2, 2022
By Mohi Narayan NEW DELHI (Reuters) – India’s Reliance Industries, operator of the world’s largest refining complex, is snapping up Russian refined fuels, including rare purchases of naphtha, after some Western buyers stopped Russian imports, trade flows data from Refinitiv showed. Western sanctions against Russia over its invasion of Ukraine have led to an emergence...
Economic Headwinds Set to Push Oil Below $100 in 2023: Reuters Poll
Date: November 30, 2022
By Seher Dareen (Reuters) – Brent oil prices will hold above the $100 level for the rest of 2022 as an impending EU ban on Russian oil sparks uncertainty over supply, but will tick lower next year as economic concerns prevail, a Reuters poll showed on Wednesday. A survey of 38 economists and analysts forecast...
Opec+ Switch to Virtual Meeting Signals Policy Roll-Over Ahead of Russian Oil Price Cap – Sources
Date: November 30, 2022
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar DUBAI/LONDON (Reuters) – The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, sources told Reuters on Wednesday, as the group assesses the impact of the looming Russian oil-price cap on the market. A virtual meeting puts the focus...
Britain’s Energy Watchdog Proposes Power Price Controls
Date: November 30, 2022
By Bozorgmehr Sharafedin LONDON (Reuters) – Britain’s energy watchdog has proposed price controls for electricity distribution network companies for the next five years that it said would drive investment in homegrown supplies and deliver cheaper power without increasing consumer bills. Energy disruption and wider market turmoil linked to gas and oil exporter Russia’s invasion of...