energy-market
Top StoriesIea Countries to Tap 60 Million Barrels of Oil on Top of U.S. Release
Top StoriesEU Countries Hunt for Global Coal Stocks as Russian Ban Looms
Top StoriesGerman Coal Importers Say Can Handle Russian Ban at a Price
Top StoriesEU Countries Seek ‘solidarity’ Fix to Urgently Fill Gas Storage
UK-based Gazprom Units Say German Move Has Secured Their Future
Date: April 5, 2022
LONDON (Reuters) – The British-based subsidiary of Gazprom said Germany’s decision to take control of its parent had removed any concerns about the viability and future of its operations, and it would look to rebrand soon. UK-registered Gazprom Marketing & Trading (GMT) buys gas on wholesale energy markets and owns a number of subsidiaries including...
Orban’s Victory Puts Hungary on Collision Course With EU
Date: April 4, 2022
By Krisztina Than and Gergely Szakacs BUDAPEST (Reuters) -Emboldened by a fourth consecutive landslide election victory, Hungarian Prime Minister Viktor Orban is expected to dig in against energy sanctions on Russia and toughen his stance in talks with Brussels to unlock frozen EU funds. Nationalist Orban, who held on to his sweeping majority on Sunday,...
Oil Slips Below $104 as Reserves Release Counters Supply Fears
Date: April 4, 2022
By Alex Lawler LONDON (Reuters) -Oil slipped on Monday in volatile trading as the release of strategic reserves by consuming nations eased concerns over tight supply amid Russia’s invasion of Ukraine and the lack of an Iranian nuclear deal. Crude dropped by about 13% last week after U.S. President Joe Biden announced a record U.S....
Europe Pursues Payment Response as Russian Gas Supply Threat Eases
Date: April 1, 2022
By Marwa Rashad LONDON (Reuters) -European governments and companies worked on a common approach on Friday to Russia’s demand that they pay for its gas in roubles as the threat of an imminent supply halt eased. European capitals have been on alert for a disruption to gas imports as Russian President Vladimir Putin seeks retaliation...
Climate Activists Plan Daily Protests After Blocking 10 UK Oil Terminals
Date: April 1, 2022
By Andrew MacAskill and Muvija M LONDON (Reuters) -Hundreds of climate change protesters blocked oil terminals across Britain on Friday with some supporters climbing on top of oil tankers as part of their campaign to force the government to end its reliance on fossil fuels. Extinction Rebellion, which caused days of traffic chaos in central...
Explainer-Nervous Europe Sees Putin’s Gas-Cut Threat as Bluster
Date: April 1, 2022
By Tommy Wilkes and John O’Donnell LONDON/FRANKFURT (Reuters) – Russian President Vladimir Putin’s vow to cut customers off from its gas unless they start paying in roubles is more of a ‘bluff’ to ward off further sanctions than a genuine threat to stop supplying energy, according to European officials and analysts. Gas was flowing to...