energy-market
Top StoriesIn Shift, Germany Says It Could Back Immediate EU Ban on Russian Oil
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InvestingOil Prices Fluctuate Amid Supply Constraints and Demand Concerns
Shell Tightens Restrictions on Russian Oil Buying
Date: April 27, 2022
By Ron Bousso and Rowena Edwards (Reuters) -Shell on Wednesday tightened its restrictions on buying Russian oil, saying it would no longer accept refined products with any Russian content, including blended fuels. Shell last month said it would phase out buying Russian crude and its involvement in all Russian hydrocarbons from oil to natural gas,...
Oil Rebounds From Drop on China Demand Concerns
Date: April 26, 2022
By Rowena Edwards LONDON – Oil prices rebounded in volatile trading on Tuesday as the market weighed concerns over Russian supply and Chinese demand. Brent crude futures were up $1.26 cents, or 1.2%, at $103.58 a barrel by 1355 GMT. U.S. West Texas Intermediate contracts were up $1.14 cents, or 1.2%, at $99.68. Brent and...
On Earth Day, Climate Activists Rally Against Fossil Fuels
Date: April 22, 2022
By Kate Abnett BRUSSELS (Reuters) – Climate change campaigners kicked off a wave of protests for Earth Day on Friday, pushing demands such as an immediate halt to European imports of Russian oil and gas and an end to building fossil fuel infrastructure. In Europe, activists in Berlin, Warsaw, Brussels and elsewhere were set for...
Oil Rises on Worry About Supply Disruption From Russia, Libya
Date: April 21, 2022
By Noah Browning LONDON (Reuters) – Oil prices rose on Thursday amid concerns about supply as the European Union (EU) mulls a potential ban on Russian oil imports while the market continues to deal with reduced supplies from Libya. Brent crude futures rose $1.36, or 1.3%, to $108.16 a barrel at 11:11 a.m. ET (1511...
Rising Calls for U.S. Lng Revive Stalled Export Projects, but at Higher Costs
Date: April 21, 2022
By Marcy de Luna HOUSTON (Reuters) – Soaring demand for U.S. liquefied natural gas (LNG) as buyers steer clear of Russian fuel is putting some long-stalled U.S. export projects back on track. But rising costs for materials and labor threaten to snarl these plants once again. Two developers with projects sidelined due to the U.S.-China...
Continental Cuts Earnings Forecast as Ukraine War Pushes up Costs
Date: April 21, 2022
BERLIN (Reuters) -Continental cut its annual earnings forecast and warned of “lasting consequences” for production and supply chains if the war in Ukraine does not ease, with rising energy and raw material costs weighing on margins. The supplier nearly doubled its expected procurement and logistics costs in its tyre and ContiTech divisions and cautioned the...