energy-market
Top StoriesSpain Mulls Price Cap for Gas Plants to Bring Down Power Bills
Top StoriesRussia-Related Energy Market Shock Could Tip World Into Recession, Vitol CEO Says
Top StoriesBarclays Says Ukraine Crisis May Hinder Progress on Climate Goals
Top StoriesBalancing Britain’s Energy Security Options as Prices Rise
Europe’s Southern States Call for Common EU Energy Policies
Date: March 18, 2022
By Gavin Jones and Belén Carreño ROME (Reuters) – The European Union’s southern countries called on Friday for the bloc to adopt common energy policies in the face of surging prices and the need to reduce dependency on Russia following its invasion of Ukraine. “We want to push the European Commission and the other member...
Demand for Sustainable Funds Wanes as Ukraine War Puts Focus on Oil and Gas
Date: March 17, 2022
By Patturaja Murugaboopathy and Simon Jessop LONDON (Reuters) – Demand for sustainable stock funds waned in February as Russia’s invasion of Ukraine hit investor sentiment and higher gas prices and energy security fears bolstered the appeal of the traditional Oil & Gas sector. Interest in environmental, social and corporate governance (ESG) issues such as climate...
Oil Dips on Russia-Ukraine Talks, U.S. Inventory Data
Date: March 16, 2022
By David Gaffen (Reuters) -Oil fell on Wednesday in another volatile session as traders reacted to hoped-for progress in Russia-Ukraine peace talks and a surprising increase in U.S. inventories. Around noon in New York, global benchmark Brent was slightly lower and U.S. crude was slightly higher. The oil market has been on a roller-coaster for...
UK’s Johnson Calls for Joint Effort on Energy Market Security in Gulf Talks
Date: March 16, 2022
By Aziz El Yaakoubi and William James RIYADH/LONDON (Reuters) -British Prime Minister Boris Johnson met the de facto leaders of Gulf oil exporters Saudi Arabia and the United Arab Emirates on Wednesday on a visit aimed at securing oil supplies and raising pressure on Russian President Vladimir Putin over Ukraine. Johnson’s office said that in...
Iea Says 3 Million Bpd of Russian Oil, Products Could Be Shut in Next Month
Date: March 16, 2022
By Noah Browning LONDON (Reuters) – Three million barrels per day (bpd) of Russian oil and products may not find their way to market beginning in April in the wake of its invasion of Ukraine, the International Energy Agency (IEA) said on Wednesday, as sanctions bite and buyers hold off. Rising commodity prices and sanctions...
Oil Plunges on Easing Supply Concerns, China Covid Cases
Date: March 15, 2022
By Rowena Edwards LONDON (Reuters) -Oil prices tumbled to their lowest levels in almost three weeks on Tuesday as supply disruption fears eased and as surging COVID-19 cases in China spurred demand concerns. Brent futures were down $6.40, or 5.9%, to $100.50 a barrel at 1308 GMT, while U.S. West Texas Intermediate (WTI) crude was...