energy-market
Top StoriesOpec+ Swerves Ukraine Crisis and Sticks to Oil Output Plans
Top StoriesEuropean Gas Prices Touch New Highs as Russia Supply Fears Grow
Top StoriesItaly Can Cope Without Russian Gas, Explores alternatives-Draghi
Top StoriesPrices Tumble on Hopes for Westward Yamal-Europe Pipeline Flows
Naturgy Angers Industry by Renegotiating Gas Contracts Despite Paying the Penalties
Date: February 23, 2022
By Aida Pelaez-Fernandez and Christina Thykjaer MADRID (Reuters) – Spanish power and gas company Naturgy has angered some of its industrial customers by renegotiating long-term gas contracts to match recent price hikes, despite paying the penalties for doing so. Naturgy has unilaterally ended gas supply contracts with companies manufacturing brick and roof tiles in recent...
Germany’s Uniper Cuts Dividend by 95% to Help Weather Volatility
Date: February 22, 2022
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -German utility Uniper proposed a 95% year-on-year dividend cut to preserve cash on Monday, pointing to energy price swings and risks for the gas market should Russia invade Ukraine. The cut comes after Uniper last month secured credit facilities worth up to 10 billion euros ($11.36 billion)...
Lng Market Supply-Demand Balance to Remain Tight in 2022, Says Shell
Date: February 22, 2022
By Marwa Rashad and Ron Bousso LONDON (Reuters) -The global liquefied natural gas (LNG) market is expected to remain tight this year following last year’s volatility which saw demand rise 6% and gas prices hit an all-time high, Shell said on Monday. Natural gas prices around the world soared late last year due to a...
EU Will Consider Making Countries Fill Gas Storage – Energy Chief
Date: February 21, 2022
By Isla Binnie MADRID (Reuters) – The European Union will consider whether to require member states to fill their natural gas storage to prescribed levels, a senior official said as the bloc seeks energy security amid fears of a conflict in Ukraine involving major supplier Russia. Tight supply and surging demand to fuel economic recovery...
Petcoke Market: Global Demand for Fossil Fuel Alternatives to Favour Growth Across Petcoke Market
Date: February 16, 2022
As the global supply of fossil fuels falls short, their prices skyrocket, and their adverse effects on the environment become increasingly apparent. Therefore, the need to find alternative supplies of energy is expected to grow in the times to follow. This has resulted in the establishment of a large number of alternative power production...
Early Production Facility (epf) Market: Sturdy Growth in Energy Demand Ensues the Development of New Early Production Facility (epf) Units
Date: February 16, 2022
The cost of oil has fallen upon a recovery arc which has generated a robust growth in its demand. Established activities across oil and gas fields have caused the deployment of new early production units. Similarly, reinstating of fully-fledged production units have generated an increase in the existing number of EPFs. Limited capital budgets...