oil-and-gas
Top StoriesIsrael Ramping up Gas Output, Looks to Help Supply Europe
Top StoriesBig Oil Gets Investor Reprieve as Energy Worries Trump Climate Concerns
Top StoriesOil Jumps 4% as U.S. Gasoline Prices Hit Record High
Top StoriesAnalysis-Big Oil Gets Investor Reprieve as Energy Worries Trump Climate Concerns
Russia Sanctions European Gas Companies, Polish Part of Gas Pipeline
Date: May 12, 2022
(Reuters) – Russia has imposed sanctions against units of Gazprom Germania, in which its gas producer Gazprom ceded ownership, and also against EuRoPol GAZ SA, owner of the Polish part of the Yamal-Europe gas pipeline. BACKGROUND: The United States and its allies have imposed the most severe sanctions in modern history on Russia and Moscow’s...
Shell Sells Russian Retail Business to Lukoil
Date: May 12, 2022
(Reuters) -Russia’s second-largest oil producer Lukoil will buy Shell’s Russian retail and lubricants businesses, the companies said on Thursday, as the British oil major moves ahead with its exit from the country following its Ukraine invasion. The deal includes 411 retail stations, mainly located in the Central and Northwestern regions of Russia, and the Torzhok...
In U-Turn, Iea Sees World Weathering Lost Russian Oil Supply
Date: May 12, 2022
By Noah Browning LONDON (Reuters) -The world will not be left short of oil even with lower output from sanctions-hit Russia, the International Energy Agency (IEA) said on Thursday, in a U-turn after it predicted a possible “global supply shock” in March. The IEA, after warning on March 16 that 3 million barrels per day...
Oil Drops as Economic Worries, Strong Dollar Weigh
Date: May 10, 2022
By Florence Tan (Reuters) – Oil prices dropped more than 1% on Tuesday, extending the previous day’s steep declines as coronavirus lockdowns in top oil importer China, a strong dollar and growing recession risks fed worries about the outlook for global demand. Brent crude was down $1.19, or 1.1%, at $104.75 a barrel at 0607...
Stocks Slide on Growth Fears, Oil Tumbles
Date: May 9, 2022
By Sinéad Carew NEW YORK (Reuters) – Stock indexes around the world fell sharply on Monday and the dollar reversed course after hitting a two-decade high while oil prices sank as concerns about slowing growth and a tightened lockdown in Shanghai pushed investors toward safer bets. Oil prices tumbled almost 6% on Monday as continued...
Exclusive-Germany, Qatar at Odds Over Terms in Talks on Lng Supply Deal -Sources
Date: May 9, 2022
By Marwa Rashad, Andrew Mills and Christoph Steitz LONDON (Reuters) – Germany and Qatar have hit difficulties in talks over long-term liquefied natural gas (LNG) supply deals amid differences over key conditions, including the duration of any contract, three people familiar with the discussions told Reuters. Germany, which aims to cut its carbon emissions by...