oil-and-gas
Top StoriesNorway Must Prepare for Faster Drop in Oil Demand on Road to 2050 – Iea
Top StoriesNorway Helping Plug Europe Oil Gap as Russian Barrels Head East
Top StoriesBlack Sea Gas Platform Launched Off Romania Despite War Risks
Top StoriesExclusive-PetroChina May Sell Australian, Canadian Assets to Stem Losses – Sources
A ‘default’ When Flush With Cash: Five Signs Russia Ain’t Sinking Yet
Date: June 27, 2022
By Guy Faulconbridge LONDON (Reuters) – Russia may have defaulted for the first time on foreign bonds since the Bolsheviks refused to pay on a vast debt pile after the 1917 Revolution, but its $1.8 trillion economy is showing no sign of sinking just yet. The sanctions imposed by the West over Russia’s invasion of...
Car Drivers in Hungary Face Refuelling Limit at Mol, Omv Pumps
Date: June 24, 2022
BUDAPEST (Reuters) -Passenger car drivers in Hungary will be limited to buying 50 litres of fuel a day from Friday at fuel stations owned by Hungary’s MOL and Austria’s OMV, in a move to avert disruptions caused by a government price cap. MOL’s announcement halved the previous limit it imposed on refuelling. OMV said its...
Analysis-Running Short of Gas: Russia’s Pipeline Repair Has Europe Worried
Date: June 24, 2022
By Nina Chestney and Vera Eckert LONDON/FRANKFURT (Reuters) – When Russia turns off the gas through the Nord Stream 1 pipeline for maintenance in July, Europe is starting to worry that it won’t turn it back on again. This week, Russia cut gas flows to Europe to 40% of the pipeline’s capacity, blaming delayed equipment...
Czechs Seeing Stable Flow of Russian Gas but Wary of a Drop or Halt
Date: June 24, 2022
PRAGUE (Reuters) – Gas shipments from Russia to the Czech Republic are stable but need monitoring, and it cannot be ruled out they could fall or completely stop in the coming period, the Czech industry minister said on Friday. The Czech Republic is nearly completely dependent on gas from Russia, and it is preparing emergency...
Rouble Stays Near 7-yr Peaks, Ofz Bonds Climb Higher
Date: June 24, 2022
(Reuters) – The Russian rouble stabilised near seven-year peaks on Friday, supported by capital controls and high prices for Russian exports, such as oil and gas, while OFZ government bond prices climbed higher. At 0715 GMT, the rouble was 0.1% weaker against the dollar at 53.50, near its strongest level since mid-2015 of 52.80 it...
Eu, Norway Agree to Increase Gas Deliveries as Russian Cuts Deepen
Date: June 23, 2022
By Kate Abnett and Nora Buli BRUSSELS/OSLO (Reuters) – The European Union and Norway agreed on Thursday to cooperate to bring more gas from western Europe’s biggest producer to the EU’s 27 countries, nearly half of which are now grappling with cuts to Russian gas supplies. Brussels said on Thursday that 12 EU member states...