energy-market
Top StoriesGermany Extends Run Times for Coal-Fired Power Plants to Boost Supply
Top StoriesFrench Refinery Strikes Reduce Output as TotalEnergies Halts Gonfreville
Top StoriesEU Countries at Odds Over Possible Gas Price Cap
Top StoriesOil Prices Rise on U.S. Production Outages
Norway Beefs up Security Across Oil and Gas Sector
Date: September 28, 2022
By Nora Buli OSLO (Reuters) – Norway on Wednesday was beefing up security throughout its oil and gas sector to protect against possible sabotage after several countries said two Russian pipelines to Europe spewing gas into the Baltic had been attacked. A military expert warned that the security of the Nordic country’s oil sector, now...
French Refinery Strikes Spread as TotalEnergies Halts Gonfreville
Date: September 28, 2022
By Forrest Crellin and Rowena Edwards PARIS (Reuters) -TotalEnergies is temporarily halting production at its 240,000 barrel-per-day Gonfreville refinery, the company said on Wednesday, as strike action in the sector threatens supplies at a time of deepening energy instability. The shutdown will add to strained supply of refined products in France, with over 60% of...
Bp, Chevron Cut Offshore Oil Production Ahead of Hurricane Ian
Date: September 27, 2022
By Sabrina Valle and Arathy Somasekhar HOUSTON (Reuters) -BP Plc and Chevron Corp on Monday said they have shut-in production at offshore oil platforms in the Gulf of Mexico, as a powerful Hurricane Ian bore down on the top U.S. offshore production region. The category 2 storm was in the Caribbean and forecast to become...
Oil Prices Slide $2/bbl; Settle at 9-month Lows on Dollar Strength
Date: September 26, 2022
By Laura Sanicola (Reuters) – Oil prices fell $2 a barrel on Monday, settling at nine-month lows in choppy trade, pressured by a strengthening dollar as market participants awaited details on new sanctions on Russia. Brent crude futures for November settled down $2.09, or 2.4%, to $84.06 a barrel, plunging below levels reached on January...
EU Watchdog Proposes Emergency Brake for Energy Markets
Date: September 22, 2022
By Huw Jones LONDON (Reuters) -A temporary brake on gas and electricity derivatives when prices spike could improve how energy markets operate, the European Union’s securities watchdog proposed on Thursday, along with more fundamental changes over time. The European Securities and Markets Authority (ESMA) said the number of trading halts in energy derivatives has been...
Oil Edges Higher on Russian Supply Concerns in Volatile Trade
Date: September 22, 2022
By Laura Sanicola (Reuters) -Oil settled nearly 1% higher on Thursday, paring earlier gains as the market focused on Russian oil supply concerns, rebounding Chinese demand, and as the Bank of England hiked interest rates less than some had expected. Brent crude futures settled up 63 cents, or 0.7%, at $90.46 after rising by more...