oil-and-gas
Top StoriesEU Considers More Funds for Eastern States in Bid for Deal on Russia Oil Ban
InvestingConocoPhillips Plans $1.1 Billion Investment as Norway Oil Sector Heats Up
Top StoriesOil Prices Fall, Weighed Down by Dollar, China Lockdowns
Top StoriesOil Rises as Supply Concerns Persist
EU Must Heed Greece, Malta, Cyprus Concerns on Oil Ban – Cyprus
Date: May 6, 2022
ATHENS (Reuters) – Cyprus, Greece and Malta expect the European Union to take into account their concerns over a planned EU ban on transporting Russian oil, as the bloc hammers out the details of its proposed embargo on Russian crude, Cyprus’s president said on Friday. Brussels outlined embargo plans this week as part of its...
EU Tweaks Russia Oil Sanctions Plan in Bid to Win Over Reluctant States – Sources
Date: May 6, 2022
By Francesco Guarascio and Robin Emmott BRUSSELS (Reuters) -The European Commission has proposed changes to its planned embargo on Russian oil to give Hungary, Slovakia and the Czech Republic more time to prepare for the shift in their energy supplies, three EU sources said on Friday. The EU executive set out the embargo this week...
Czechs Ready to Invest in Upgrading Key Pipeline to Replace Russian Oil
Date: May 6, 2022
PRAGUE (Reuters) – The Czech Republic is ready to raise its stake in a key pipeline and invest to increase its capacity and bring an end to the country’s partial dependence on Russian oil, Industry and Trade Minister Jozef Sikela said on Friday. The TAL pipeline carries oil from the Italian port of Trieste to...
Analysis: Nigeria and Angola Responsible for Almost Half of Opec+ Oil Supply Gap
Date: May 6, 2022
By Alex Lawler, Julia Payne and Ron Bousso LONDON/LAGOS (Reuters) – Almost half the shortfall in planned oil supply by OPEC and its allies is down to Nigeria and Angola, data seen by Reuters shows, reflecting a number of factors including moves by Western oil majors away from African projects. OPEC and its allies, known...
Germany’s Pck Schwedt Refinery Faces Output Cuts Without Russian Oil
Date: May 5, 2022
LONDON (Reuters) -Germany’s 233,000 barrel-per-day PCK Schwedt refinery is set to reduce output as it stops using Russian oil, which it now receives via the Druzhba pipeline, the chief executive of its minority shareholder Shell said on Thursday. PCK Schwedt, majority-owned by Russia’s Rosneft, supplies Berlin and large parts of eastern Germany with gasoline, diesel...
Why Nopec, the U.S. Bill to Crush the OPEC Cartel, Matters
Date: May 5, 2022
By Timothy Gardner WASHINGTON (Reuters) -A U.S. Senate committee is expected to pass a bill on Thursday that could open members of the Organization of the Petroleum Exporting Countries and its partners to antitrust lawsuits for orchestrating supply cuts that raise global crude prices. The No Oil Producing and Exporting Cartels (NOPEC) bill is intended...