energy-market
Top StoriesUK Orders Review of Public Sector Russian Energy Contracts
Top StoriesEU Leaders Struggle for Deal on Energy Crunch Fix
Top StoriesSaipem to Launch 2 Billion Euro Cash Call and Sell Assets in Rescue Plan
Top StoriesCommodities Trading Houses Help Keep Russian Oil Flowing
Germany Approves Law Mandating Full Gas Storage Before Winter
Date: March 25, 2022
By Vera Eckert and Markus Wacket BERLIN (Reuters) – The Bundestag lower house on Friday approved legislation requiring Germany’s privately-operated gas storage facilities to be full at the start of the next winter, to try to avert shortages in the event of a halt in Russian gas imports. The law requires facilities to be 65%...
Kazakh Oil Woes Another Headache for Top Western Producers Amid Ukraine War
Date: March 25, 2022
By Ron Bousso LONDON (Reuters) -Top Western oil companies face a hit to revenue as disruptions at a Russian Black Sea port force producers to curtail output from Kazakhstan’s giant oilfields, highlighting the growing global supply risk after Moscow’s invasion of Ukraine. Chevron, Exxon Mobil, Shell, TotalEnergies and Italy’s Eni are among international companies with...
Exclusive-OPEC Officials Tell EU of Unease About Proposed Ban on Russian Oil, Sources Say
Date: March 24, 2022
By Alex Lawler LONDON (Reuters) – OPEC officials believe a possible European Union ban on oil from its partner Russia would hurt consumers and the group has conveyed its concerns to Brussels, OPEC sources said. Major OPEC members, such as Saudi Arabia and the United Arab Emirates, have tried to navigate a neutral course between...
Diesel Shortage in Europe Threatens to Slow Economic Growth
Date: March 24, 2022
By Bozorgmehr Sharafedin and Rowena Edwards LONDON (Reuters) – European economies face the risk of a shortage of diesel, the preferred fuel for heavy industry, as sanctions on Russian energy threaten to disrupt imports while supply from elsewhere remains limited. Russia is Europe’s largest supplier of diesel and related fuels, sending over three quarters of...
Greece to Review Energy Firms’ Financials for Possible Windfall Profits
Date: March 23, 2022
ATHENS (Reuters) – Greece will review the financials of its energy firms and tax any windfall profits made from soaring energy prices since last year, Prime Minister Kyriakos Mitsotakis said on Wednesday. European gas prices soared to record levels last year and have remained high amid concerns over supply disruptions after Russia – Europe’s top...
Russia Warns of Sharp Caspian Pipeline Oil Export Drop After Storm
Date: March 22, 2022
(Reuters) – Russian and Kazakhstan oil exports via the Caspian Pipeline Consortium (CPC) from the Black Sea may fall by up to 1 million barrels per day (bpd), or 1% of global oil production, due to storm-damaged berths, a Russian official said on Tuesday. Pavel Sorokin, a Deputy Energy Minister, said the second berth could...