energy-market
Top StoriesOil up on Lower U.S. Crude Stocks and Dollar, Opec+ and China Concerns Limit Gains
Top StoriesEurope on Course to End Winter With Plenty of Gas: Kemp
Top StoriesUK Energy Regulator Drops Plan to Ring Fence Customers’ Cash
Top StoriesItaly’s A2A Trims Green Investment Plan Citing Economy, Volatile Markets
Oil Prices Ease to Trade Near 2-month Lows on China Demand Fears, Dollar Strength
Date: November 21, 2022
By Emily Chow SINGAPORE (Reuters) -Oil prices dropped to trade near two-month lows on Monday, having earlier slid by around $1 a barrel, as supply fears receded while concerns over fuel demand from China and U.S. dollar strength weighed on prices. Brent crude futures for January had slipped 74 cents, or 0.8%, to $86.88 a...
Oil Prices Ease on U.S. Inventory Build, China Covid Worries
Date: November 9, 2022
By Sonali Paul and Isabel Kua SINGAPORE (Reuters) -Oil prices slid on Wednesday as industry data showed U.S. crude stockpiles rose more than expected and on worries a rebound in COVID-19 cases in top importer China would hurt fuel demand. Brent crude futures fell 44 cents, or 0.5%, to $94.92 a barrel by 0454 GMT,...
Analysis: Energy Market Turmoil Shakes Europe’s Green Power Plan
Date: November 3, 2022
By Susanna Twidale, Isla Binnie and Kate Abnett (Reuters) – Europe’s plan to roughly double renewable power generation by the end of the decade to cut its emissions and reliance on imported Russian fuel is under threat from market turbulence that has shaken the economics of the shift to low carbon energy. Russia’s war on...
UK’s National Grid Launches 50 Million Pound Energy Support Fund
Date: November 1, 2022
By Nina Chestney LONDON (Reuters) – Britain’s National Grid said on Tuesday it has launched a 50 million pound ($58 million) fund to provide financial relief for consumers struggling with rising energy costs for over the next two winters. The fund will target charities which provide immediate, emergency financial support to households using pre-payment energy...
Oil Prices Rise as Weaker Dollar Offsets China COVID-19 Concerns
Date: November 1, 2022
By Isabel Kua SINGAPORE (Reuters) – Oil prices rose on Tuesday, paring losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer. Brent crude for January delivery rose 73 cents, or 0.8%, to $93.54 a...
Oil Falls on U.S. Output Gains, Chinese Demand Doubts
Date: October 31, 2022
By Arathy Somasekhar HOUSTON (Reuters) -Global oil benchmark Brent crude fell more than $1 on Monday on expectations that U.S. production could rise even as weaker economic data out of China and the country’s widening COVID-19 curbs weighed on demand. Brent crude futures dropped $1.22, or 1.3%, to $94.55 a barrel. U.S. West Texas Intermediate...