energy-market
Top StoriesTotalEnergies Accelerates Refinery Wage Talks as Fuel Supply Shrinks
Top StoriesUK Will Not Urge Public to Cut Energy Use, Minister Says
Top StoriesAlgeria and Spain Agree Revised 2022 Gas Prices
Top StoriesNorway’s Oil Production Seen Rising by 15% in 2023
Italy Gas Storage Will Be Near Full Before Winter, Eni CEO Says
Date: October 6, 2022
MILAN (Reuters) -Italy will have its gas storage nearly full ahead of the winter, the chief executive of energy group Eni said on Thursday. Nonetheless, the supply situation is tight, and the country should be alert to uncertainties that could arise in case of a colder winter or unexpected problems with energy infrastructure, Eni CEO...
Britain’s Household Energy Price Cap Could Cost $160 Billion – Cornwall Insights Analysts
Date: October 5, 2022
LONDON (Reuters) – A scheme capping gas and electricity prices for British households for the next two years could cost up to 140 billion pounds ($159 billion) in an extreme scenario, analysts at Cornwall Insights said on Wednesday. Britain last month announced the price guarantee to help shield consumers from record energy prices amid soaring...
Oil Maintains Most of Recent Gains Ahead of Opec+ Meeting
Date: October 5, 2022
By Bozorgmehr Sharafedin and Isabel Kua LONDON (Reuters) -Oil was steady on Wednesday after gains in recent days as OPEC+ producers looked set to agree deep output target cuts later in the day despite a tight market and opposition to cuts from the United States and others. Brent crude was up 2 cents, or less...
Grim Winter Looms as Wartime Ukraine Braces for Infrastructure Attacks
Date: October 4, 2022
By Tom Balmforth and Pavel Polityuk KHARKIV, Ukraine (Reuters) – In an abandoned tower block damaged by Russian shelling in Ukraine’s second city, Olga Kobzar plans to tough out winter for as long as she can without electricity, water and central heating by lighting the gas stove in her kitchen for warmth. The 70-year-old, who...
EU Leaders to Ask Commission for Gas Price Cap Proposal -Draft Statement
Date: October 3, 2022
By Jan Strupczewski and Kate Abnett BRUSSELS (Reuters) -European Union country leaders are set to ask the European Commission to propose a cap on gas prices, when they meet on Friday, according to a draft of their joint meeting statement. The EU leaders will ask the EU executive to work urgently on actions including “proposing...
Spanish Power Provider Holaluz Cuts Gas Sales as Prices Soar
Date: October 3, 2022
By Emma Pinedo MADRID (Reuters) – Spanish power provider Holaluz has stopped selling gas as market prices soar and will instead focus on providing customers with green electricity, the company said on Monday. Barcelona-based Holaluz, which mainly fits rooftop solar panels and sells power from green energy producers, has also sold gas for heating since...