energy-market
Top StoriesSwedish PM Pledges Billions to Offset Soaring Energy Bills as Election Nears
Top StoriesOil Slips to Six-Month Low as Recession Fears Weigh
Top StoriesPummelled by Gas Crisis, Germany’s Uniper Posts $12.5 Billion Net Loss
Top StoriesIndia Eases Russian Oil Buying in July, Boosts Saudi Imports -Trade
Analysis-Oil Prices Turn More Volatile as Investors Exit the Market
Date: August 17, 2022
By Stephanie Kelly and Noah Browning NEW YORK/LONDON (Reuters) – Traders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the worst global energy crisis in decades as investors become unwilling to deal with persistently high volatility. The exodus of participants, especially hedge funds and speculators,...
Oil Falls to 6-mth Low on Economic Data, Awaits News of Iran Nuclear Deal
Date: August 16, 2022
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell about 3% on Tuesday to their lowest since before Russia’s invasion of Ukraine as economic data spurred concerns about a potential global recession, while the market awaited clarity on talks to revive a deal that could allow more Iranian oil exports. Brent crude futures fell $2.76,...
Factbox-Europe’s Efforts to Shield Households From Soaring Energy Costs
Date: August 15, 2022
By Bozorgmehr Sharafedin (Reuters) – Europe is facing a sharp rise in power bills driven by sky-rocketing gas prices, as war in Ukraine and European sanctions on Russia heighten concerns over the security of gas supplies. Below outlines some of the policies Britain and European Union member states have announced to help shield consumers (in...
Explainer-Why Europe Faces Climbing Energy Bills
Date: August 15, 2022
By Nina Chestney A global surge in wholesale power and gas prices means households across Europe face much higher energy bills this year and beyond, with the region’s most vulnerable exposed to fuel poverty, consumer groups say. WHY THE HIGH PRICES? Energy companies pay a wholesale price to buy the gas and electricity they sell...
Oil Falls 2% on Expectations That U.S. Gulf Supply Disruption Will Ease
Date: August 12, 2022
By Stephanie Kelly NEW YORK (Reuters) -Oil prices plunged around 2% on Friday, on expectations that supply disruptions in the U.S. Gulf of Mexico would be short-term, while recession fears clouded the demand outlook. Futures, however, were still on track for a weekly gain. Brent crude futures fell $1.47, or 1.5%, to $98.13 a barrel...
Winter Diesel Shock Looms as Tanks Dry up Ahead of Sanctions
Date: August 12, 2022
By Ahmad Ghaddar and Rowena Edwards LONDON (Reuters) – Europe is heading into winter with seasonally low levels of diesel in storage tanks, with major implications for the continent’s industries and drivers in the run-up to EU sanctions on Russian crude oil and refined product supplies. Diesel, along with other distillate fuels such as heating...