oil-and-gas
Top StoriesOil Jumps 4% as EU Proposes Ban on Russian Oil
Top StoriesVitol Sends First Shipment of Russian Espo Crude Cargo to Uae, Data Shows
Top StoriesOil Slides as China Lockdowns Outweigh Proposed EU Russia Oil Ban
Top StoriesEnergy Shares Lift London’s FTSE 100; Miners Weigh
Bp Expects to Pay up to 1 Billion Pounds in UK Taxes in 2022
Date: May 3, 2022
LONDON (Reuters) – BP said on Tuesday it expected to pay up to 1 billion pounds ($1.25 billion) in taxes in Britain on its 2022 profits, after its operating profit surged despite reporting a big writedown for exiting its Russian businesses. BP, which did not say how much British tax it paid in 2021, made...
Total’s German Leuna Refinery to Continue Russian Crude Imports in May – Sources
Date: May 3, 2022
(Reuters) – TotalEnergies’ 240,000 barrels per day Leuna refinery in Germany is set to continue to import Russian crude oil via the Druzhba pipeline at least throughout May, according to two sources with knowledge of the matter. Germany is trying to wean itself off Russian crude oil, which feeds not only Leuna but also the...
EU Set to Ban Russian Oil, Ministers Hold Crisis Talks on Gas
Date: May 2, 2022
By Kate Abnett BRUSSELS (Reuters) -The European Union was preparing a ban on Russian oil, with possible exemptions for wary countries, as EU energy ministers on Monday held crisis talks on Moscow’s demand that foreign buyers pay for gas in roubles or lose their supply. The European Commission is expected to propose a sixth package...
Bp to Keep Betting on Lower Carbon, More Economical Offshore Oil Output
Date: May 2, 2022
HOUSTON (Reuters) – British oil major BP will continue betting on “lower carbon, more economical” offshore oil and gas exploration and production, a company executive said on Monday, warning that lack of investment could lead to global oil scarcity. Offshore operations allow better control of emissions, especially in the U.S. Gulf of Mexico, said Starlee...
Oil Falls on China Growth Worries as EU Weighs Russian Crude Ban
Date: May 2, 2022
By Noah Browning LONDON (Reuters) -Oil prices fell on Monday as concerns over weak economic growth in China, the world’s top oil importer, overshadowed fears supply might be crimped by a potential European Union ban on Russian crude. Brent crude futures were down $3.73, or 3.4%, to $103.41 a barrel at 1403 GMT, while U.S....
Germany Would Weather Russian Oil Ban Despite Shortages – Minister
Date: May 2, 2022
By Joseph Nasr and Christian Kraemer BERLIN (Reuters) -Germany would be able to weather an EU embargo on Russian oil imports by the end of this year even though a stoppage could result in shortages, Economy Minister Robert Habeck said on Monday, appearing to throw his weight behind a ban. Two European Union diplomats said...