energy-market
Top StoriesOil Jumps More Than $4 as Opec+ Weighs Biggest Output Cut Since 2020
Top StoriesEuro Zone Eyes Temporary, Targeted Energy Support Amid High Inflation
Top StoriesEurope Braces for Heavy Oil Refinery Outages Amid Tight Supplies
Top StoriesGerman Manufacturing Shrinks in Sept as New Orders Slump – PMI
Shocked by Gas Bills, Thrifty Dutch Stockpile Coal, Wood for Winter
Date: September 30, 2022
By Stephanie van den Berg VEENENDAAL, Netherlands (Reuters) – The budget-conscious Dutch, who enjoyed abundant cheap gas for half a century to heat their homes, are turning to more traditional heating methods as cold weather reaches the Netherlands. Sales of coal, wood and pellets for heating stoves have jumped as consumers seek cheaper energy alternatives...
Factbox-Europe’s Crisis Measures to Tackle Energy Price Spike
Date: September 30, 2022
By Kate Abnett BRUSSELS (Reuters) – European Union countries on Friday approved a package of emergency measures aimed at pulling down surging gas and power prices that are stoking inflation, hampering industrial activity and inflicting sky-high bills on consumers ahead of winter. The deal came as countries were investigating the cause of leaks in Russia’s...
Factbox-Strikes Knock Already Struggling French Refined Products Sector
Date: September 29, 2022
By Rowena Edwards and Forrest Crellin (Reuters) -More than 60% of France’s refining capacity is off line as strikes over pay and unplanned maintenance pile pressure on the refined products sector. The outages come as Europe looks to ease its dependence on Russian fuel. Here are the oil companies and sites affected by strike action...
Germany Agrees 200 Billion Euro Package to Shield Against Surging Energy Prices
Date: September 29, 2022
By Holger Hansen and Kirsti Knolle BERLIN (Reuters) – German Chancellor Olaf Scholz set out a 200 billion euro ($194 billion) “defensive shield”, including a gas price brake and a cut in sales tax for the fuel, to protect companies and households from the impact of soaring energy prices. Europe’s biggest economy is trying to...
EU Heads for Deal on Energy Windfall Levies, Edges Towards Gas Price Caps
Date: September 29, 2022
By Kate Abnett BRUSSELS (Reuters) -European Union countries are poised to approve a package of emergency measures including windfall profit levies on energy companies on Friday, at a meeting where states will also lock horns over whether to cap gas prices. The 27 EU member countries are negotiating measures proposed by Brussels last week to...
EU Tells Countries Gas Price Cap Would Come With Risks
Date: September 28, 2022
By Kate Abnett BRUSSELS (Reuters) -The European Commission has warned EU countries that a broad cap on gas prices could be complex to launch and pose risks to energy security, amid calls from countries for Brussels to step in to tame high fuel prices. The Commission shared a document with countries on Wednesday, analysing various...