energy-market
Top StoriesFrance’s Edf Warns on Outlook Blaming Price Caps, Lower Nuclear Output
Top StoriesPrices Mixed in Volatile Trading as Russian Gas Keeps Flowing
Top StoriesEU Leaders Agree to Phase Out Russian Fuels, but Hurdles Remain
Top StoriesShell, Bp Halt Spot German Diesel Sales on Scarcity Fears
Oil Bounces as Tight Supply Gives High Floor to Prices
Date: March 10, 2022
By Shadia Nasralla LONDON (Reuters) – Oil prices bounced on Thursday from a sharp drop in the previous session after the United Arab Emirates backtracked on statements saying that OPEC and its allies might increase output to help to plug the gap in exports from Russia. In a volatile market, Brent crude futures were up...
Analysis-An Oil Shock Is Coming, but the U.S. May Have Already Paid for It
Date: March 10, 2022
By Howard Schneider WASHINGTON (Reuters) – The gusher of money the U.S. government poured into family bank accounts during the coronavirus pandemic, credited with speeding the rebound from the health crisis, may now help limit the economic damage from Russia’s invasion of Ukraine. As analysts have begun parsing what sky-high oil prices and new uncertainty...
Kremlin Tells United States to Await Response to “economic War”
Date: March 9, 2022
By Guy Faulconbridge LONDON (Reuters) -The Kremlin accused the United States on Wednesday of declaring an economic war on Russia that was sowing mayhem through energy markets, and put Washington on notice it was considering its response to a ban on Russian oil and energy. Russia’s economy is facing the gravest crisis since the 1991...
Food Crisis Grows as Spiralling Prices Spark Export Bans
Date: March 9, 2022
By Nigel Hunt LONDON (Reuters) – A global food crisis sparked by Russia’s invasion of Ukraine escalated on Wednesday as Indonesia tightened curbs on palm oil exports, adding to a growing list of key producing countries seeking to keep vital food supplies within their borders. The conflict in Ukraine is threatening global grain production, the...
Oil Price Soars on Talks About Russia Oil Ban, Iran Deal Delay
Date: March 7, 2022
By Bozorgmehr Sharafedin and Scott DiSavino LONDON (Reuters) -Oil prices spiked to their highest levels since 2008 on Monday amid market supply fears as the United States and European allies considered banning Russian oil imports and prospects for a swift return of Iranian crude to global markets receded. Brent crude reached $139.13 a barrel and...
Oil Markets Hit Multiple Records as Russia Sanctions Bite, Disrupt Trade Flows
Date: March 2, 2022
By Florence Tan and Gavin Maguire SINGAPORE (Reuters) -Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms and importers. Brent crude topped $112 a barrel on Wednesday, the highest since...