energy-market
Top StoriesEurope May Shift Back to Coal as Russia Turns Down Gas Flows
Top StoriesBritish Energy Regulator Plans New Rules to Help Customers as Prices Soar
Top StoriesAustralia Power Crisis Forces Manufacturers to Eye Offshore Moves, Production Cuts
Top StoriesUkraine to Start Power Trading With EU in June – Sources
Heatwave Puts Europe’s Energy Systems to the Test
Date: June 17, 2022
By Isla Binnie and Kate Abnett MADRID/BRUSSELS (Reuters) – A heatwave in parts of Europe has piled pressure on energy systems as demand for air-conditioning risks driving prices higher and adding to the challenge of building up stocks to protect against any further cuts to Russian gas supplies. Sweltering temperatures have arrived earlier than usual...
Factbox-European Energy Alternatives After Nord Stream 1 Gas Flows Drop
Date: June 17, 2022
By Nina Chestney (Reuters) – Russian gas flows to Europe have fallen short of demand again, coinciding with an early heat wave gripping its south and fuelling concerns the continent may struggle to build up storage ahead of the winter season. This follows Ukraine halting a gas transit route to Europe on last month, blaming...
Explainer: Why Russia Drives European and British Gas Prices
Date: June 17, 2022
By Susanna Twidale LONDON (Reuters) – Benchmark European and British gas prices are on course for gains of more than 50% this week after Russia said capacity of its Nord Stream 1 pipeline, which take gas directly to Germany, would be cut by around 60%, dramatically reducing European gas supply. Below are some of the...
Oil Rises on Tight Supply Though Interest Rate Hikes Weigh
Date: June 17, 2022
By Bozorgmehr Sharafedin LONDON (Reuters) -Oil rose on Friday, supported by supply tightness and new sanctions on Iran, but prices were on track for a weekly decline amid interest rate hikes from major central banks that fuelled worries about a sharp economic slowdown. Brent crude was up $1.13, or 0.9%, to $120.94 a barrel at...
High Fuel Prices to Persist Into 2023, Wood Mackenzie Says
Date: June 16, 2022
By Rowena Edwards and Ron Bousso LONDON (Reuters) – Consumers can expect fuel prices at the pump to remain high into next year due to disruptions to Russian oil supplies and as refineries struggle to meet demand recovering from the pandemic, consultancy Wood Mackenzie said. The pressure should ease in the second half of next...
Oil Prices Slip Ahead of Expected U.S. Interest Rate Hike
Date: June 15, 2022
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices slipped on Wednesday on the back concerns over fuel demand and global economic growth ahead of an expected big hike in interest rates by the Federal Reserve as U.S. oil production reached pre-pandemic levels. Brent crude futures for August were down 52 cents, or 0.5%, at $120.61 a...