energy-market
Top StoriesAnalysis: President’s Tough Talk Masks Mexican Concern Over Energy Dispute With U.S
Top StoriesUtility Engie Prepared for Less Russian Gas as Profits Surge
Top StoriesGermany Set to Impose Gas Levy on Consumers to Support Ailing Importers
Top StoriesBuyback Disappointment Takes Shine Off TotalEnergies’ Q2 Profits
Edf Issues Fourth Profit Warning as Nuclear Output Drops
Date: July 28, 2022
By Benjamin Mallet and Silvia Aloisi PARIS (Reuters) -French power company EDF , which is being nationalised, issued its fourth profit warning of the year on Thursday as it fell to a loss in the first half on lower nuclear output. Half its 56 nuclear reactors are currently offline due to planned maintenance and work...
Finland’s Neste Boosted by Strong Refining Margins
Date: July 28, 2022
By Essi Lehto HELSINKI (Reuters) – Finnish energy company Neste on Thursday posted higher-than-expected second-quarter results as volatile energy markets drove up refining profits, but warned of slightly lower oil product margins and renewable products sales volumes ahead. “The war in Ukraine has had a significant impact on international energy markets, leading to volatile and...
Repsol Profit Doubles on Soaring Oil Prices but Refining Weighs
Date: July 28, 2022
By Isla Binnie MADRID (Reuters) -Spanish energy group Repsol posted on Thursday a doubling in first-half net profit, boosted by high oil and gas prices, but its share price suffered as investors had wanted more. Rapidly recovering demand after COVID-19 lockdowns propelled energy prices to highs that have been driven to records by Russia’s invasion...
Oil Extends Gains as Risk Appetite Improves, U.S. Inventories Fall
Date: July 28, 2022
By Florence Tan SINGAPORE (Reuters) -Oil rose more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors as lower crude inventories and a rebound in gasoline demand in the United States supported prices. Brent crude futures for September rose $1.13, or 1.1%, to $107.75 a...
Russia Cuts Gas Flows Further as Europe Urges Energy Saving
Date: July 27, 2022
By Christoph Steitz and Nina Chestney FRANKFURT/LONDON (Reuters) -Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that will make it harder, and costlier, for the bloc to fill up storage ahead of the winter heating season. The cut in supplies, flagged...
Trailing in UK Leadership Race, Sunak Pitches Energy Bill Tax Cuts
Date: July 27, 2022
By Andy Bruce LONDON (Reuters) -Rishi Sunak, trailing in the race to become Britain’s next prime minister, pledged on Wednesday to temporarily scrap taxes on energy bills paid by households as part of a “winter plan” to ease the cost-of-living crisis. The year-long hiatus on paying value-added tax (VAT) on energy bills would save the...