oil-and-gas
Top StoriesOil Prices Fall on Prospect of OPEC Offsetting Russian Output Loss
InvestingOil Rises as EU to Phase in Russian Oil Ban, Shanghai Ends Lockdown
Top StoriesOil Firms on EU’s Russian Oil Ban and End of Shanghai Lockdown
Top StoriesRussian Gas Flows to Europe Fall as Russia’s Gas Cuts Escalate
Zelenskiy Chides EU for Failing to Agree on Russian Oil Import Ban
Date: May 30, 2022
By Sabine Siebold and John Chalmers BRUSSELS (Reuters) -EU leaders on Monday made clear they would fail to agree on a Russian oil import ban at a summit in Brussels, prompting swift criticism from Ukrainian President Volodymyr Zelenskiy who chastised them for being too soft on Moscow. The European Union has rolled out five packages...
Denmark’s Orsted Warns of Russian Gas Supply Halt After Spurning Rouble Payments
Date: May 30, 2022
By Stine Jacobsen COPENHAGEN (Reuters) -Orsted on Monday warned that Russia’s Gazprom Export could stop supplying gas to the Danish energy company because it has refused to pay in roubles, but such a move would not immediately put Denmark’s gas supplies at risk. Russia’s rouble payment scheme has exposed cracks in the European Union’s united...
EU Summit Will Not Decide on Gas Price Cap – EU Commissioner
Date: May 30, 2022
ROME (Reuters) -European leaders, who will convene in Brussels on Monday and Tuesday for an EU summit, will not decide on imposing a cap on gas prices but could mandate the Commission to study the issue, the European Commissioner for Economy said. “If this is agreed among member states, the Commission will act very quickly...
Israel Renews Gas Exploration, Expects Export Deal to Europe
Date: May 30, 2022
JERUSALEM (Reuters) – Israel is renewing offshore natural gas exploration and hopes to reach an agreement soon for exporting gas to Europe, Israel’s energy minister said on Monday. Energy Minister Karine Elharrar had said exploration for new gas fields would be put on hold to focus on meeting renewable energy targets but due to the...
Analysis-How the Ukraine Conflict Is Reshaping Global Oil Markets
Date: May 30, 2022
By Alex Lawler LONDON (Reuters) – Russia’s invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia. The reroutings mark the biggest supply-side shakeup of the global oil trade since...
UK Tax Plan Incentivizes Oil, Gas Producers to Pump More Fossil Fuels
Date: May 26, 2022
By Shadia Nasralla LONDON (Reuters) – The British government’s 5 billion pound ($6.29 billion) windfall tax plan for oil and gas producers includes an incentive for those producers to pump more fossil fuels, riling climate activists who had called for the tax. Tax bills for oil and gas producers, including the new additional 25% levy...