energy-market
Top StoriesContinental Expects Stronger Demand After ‘hurricane’ Headwinds in Q2
Top StoriesFactbox-What Help Is the UK Giving Consumers With Rising Energy Bills?
Top StoriesLng Traders Absorb Huge Losses After Supply Outages
Top StoriesRhine Level in Germany Falls Again, Ships Only Part-Loaded
Oil Prices End Week on Multi-Month Lows on Recession Fears
Date: August 5, 2022
By Laura Sanicola (Reuters) -Oil prices settled higher on Friday, recouping some of this week’s losses on strong U.S. job growth data, but closed the week at their lowest levels since February, rattled by worries a recession could hit fuel demand. Brent crude settled up 80 cents to $94.92 a barrel, 11% off last Friday’s...
Explainer: What Are the Snags in Germany’s Gas Levy on Consumers?
Date: August 5, 2022
By Markus Wacket and Vera Eckert FRANKFURT (Reuters) – Germany’s cabinet agreed late on Thursday to impose a gas price levy on consumers, aiming to help struggling importers including Uniper cope with soaring prices due to reduced Russian supply. The levy aims to share the additional cost of replacing gas from Russia among all users,...
Heatwaves and High Energy Prices Leave Spain on Thin Ice
Date: August 5, 2022
By Marco Trujillo and Silvio Castellanos MADRID (Reuters) – Ice is a hot commodity in Spain, with supermarkets limiting how much people can buy and bars running low on cubes for sangrias and cocktails due to scorching heatwaves and high energy prices. At the start of the year, ice makers held back from producing their...
Germany’s Scholz Says Russia Has No Reason to Hold up Turbine Return
Date: August 3, 2022
By Christoph Steitz MUELHEIM AN DER RUHR, Germany (Reuters) -German Chancellor Olaf Scholz on Wednesday said Russia had no reason to hold up the return of a gas turbine for the Nord Stream 1 pipeline that had been serviced in Canada but has since been stranded in Germany in an escalating energy standoff. Standing next...
Opec+ Agrees Tiny Output Rise in Setback for Biden
Date: August 3, 2022
By Maha El Dahan and Ahmad Ghaddar DUBAI/LONDON (Reuters) – OPEC+ is set to raise its oil output goal by 100,000 barrels per day, an amount analysts said was a setback to U.S. President Joe Biden after his trip to Saudi Arabia to ask the producer group’s leader to pump more to help the United...
UK Energy Bills Expected to Leap Again, Raising Stakes for Next PM
Date: August 2, 2022
By Susanna Twidale LONDON (Reuters) – Britain’s cap on domestic energy prices is expected to rise by 70% in October and remain high until at least 2024, analysts warned on Tuesday, ramping up pressure on politicians vying to become the country’s prime minister. The forecast comes as former finance minister Rishi Sunak and foreign secretary...