energy-market
InvestingOil Rises as Tight Supply Outweighs Recession, China Demand Fears
Top StoriesAnalysis-Europe Fills up on Gas but Race to Replace Russia Far From Over
Top StoriesGermany Eyes Aid Payment for Gazprom Germania – Sources
Top StoriesGas Pipeline Nord Stream 1 to Undergo Annual Summer Maintenance – German Regulator
Explainer-What Does a Diplomatic Row Mean for Spain’s Algerian Energy Supplies?
Date: June 10, 2022
By Isla Binnie MADRID (Reuters) – Algeria suspended a 20-year friendship treaty with Spain this week and moved to limit trade with its northern neighbour, raising more questions about the potential impact on the long-established gas business between the two countries. The row over Madrid’s stance on the disputed territory of Western Sahara comes as...
Oil Prices on Track for Weekly Gain Amid High U.S. Demand
Date: June 10, 2022
By Bozorgmehr Sharafedin LONDON (Reuters) -Oil rose on Friday and was on track for another weekly gain supported by solid fuel demand in the United States, although fresh COVID-19 alerts in Shanghai and Beijing curbed gains. Brent crude was up 98 cents, or 0.8%, at $124.05 a barrel at 1153 GMT and U.S. West Texas...
Oil Slips on China Lockdowns, but Bullish Trends Intact
Date: June 9, 2022
By David Gaffen NEW YORK (Reuters) – Oil prices dipped on Thursday but still hovered near three-month highs after parts of Shanghai imposed new COVID-19 lockdown measures, as strong gains in refined products contributed to an ongoing bullish backdrop for crude oil. Brent crude futures for August settled down 51 cents at $123.07 a barrel,...
EU Proposes Natural Gas Import Deal With Egypt and Israel – Document
Date: June 9, 2022
By Francesco Guarascio BRUSSELS (Reuters) – The European Commission has proposed a deal to EU member states with Egypt and Israel to boost imports of natural gas from the eastern Mediterranean, according to a draft document seen by Reuters dated June 7. The draft memorandum of understanding, which is still subject to changes and needs...
Oil Jumps to 13-week High on Rising U.S. Gasoline Demand
Date: June 8, 2022
By Scott DiSavino NEW YORK (Reuters) -Oil prices jumped over 2% to a 13-week high on Wednesday as U.S. demand for gasoline keeps rising despite record pump prices, while expectations that China’s oil demand will increase faced growing supply concerns in several countries, including Iran. Iran said it was removing two International Atomic Energy Agency...
German Energy Regulator to Slash Lng Feed-In Rates
Date: June 3, 2022
FRANKFURT (Reuters) – Germany will slash feed-in rates for pumping liquefied natural gas (LNG) into its pipelines from new floating LNG terminals next year, the network regulator said on Friday, as the country seeks to lessen dependency on pipeline gas from Russia. The rates for injecting annual and quarterly gas delivery volumes from LNG points...