oil-and-gas
Top StoriesHungary Says roubles-for-Russian Gas Plan Breaches No EU Sanctions
Top StoriesExplainer: The Case for and Against EU Sanctions on Russian Oil
Top StoriesGermany Could End Russian Oil Imports This Year – Scholz
Top StoriesShell Blames Oil, Gas Margin Calls for Billions in Cash Outflows
Oil Rises From 3-week Low as Supply Concerns Linger
Date: April 7, 2022
By Ahmad Ghaddar LONDON (Reuters) -Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, with worries over tight supplies still clouding the market outlook. Brent crude futures were up $1.19, or 1.2%, at $102.26 a barrel at 1306...
EU’s Full Ban on Russian Coal to Be Pushed Back to mid-August -Sources
Date: April 7, 2022
By Francesco Guarascio BRUSSELS (Reuters) -European Union envoys are set to approve on Thursday a ban on Russian coal that would take full effect from mid-August, a month later than initially planned, two EU sources told Reuters, following pressure from Germany to delay the measure. The phase-out of EU imports of Russian coal is the...
Britain Plans Nuclear and Offshore Turbines to Boost Energy Independence
Date: April 7, 2022
By Kate Holton and Susanna Twidale LONDON (Reuters) – Britain set out plans to expand nuclear and offshore wind power on Thursday to bolster its energy independence, but a failure to target improved energy efficiency even as heating costs surge was attacked for lacking ambition. With energy prices hitting record highs this year, driven in...
Iea Countries to Tap 60 Million Barrels of Oil on Top of U.S. Release
Date: April 6, 2022
By Timothy Gardner and Noah Browning WASHINGTON (Reuters) -International Energy Agency states agreed to tap 60 million barrels of oil from storage, the director of the group said on Wednesday, on top of a 180 million-barrel release announced by Washington last week aimed at cooling prices after Russia’s invasion of Ukraine. The move by the...
Some Indian Refiners Set to Cut May Saudi Oil, Snap up Russian Barrels
Date: April 6, 2022
By Nidhi Verma NEW DELHI (Reuters) – At least two Indian refiners plan to buy less Saudi oil than usual in May, after the kingdom raised the official selling price (OSP) to record highs for Asia, two sources said on Wednesday, as India increases purchases of cheap Russian crude. India, the world’s third biggest oil...
Factbox-Who Is Buying Russian Crude Oil and Who Has Stopped
Date: April 6, 2022
(Reuters) – Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow’s invasion of Ukraine, but the European Union remains divided. The bloc’s 27 members have been unable to agree on an embargo, with Germany warning against hasty steps that could push the economy into recession, and some...