oil-and-gas
Top StoriesOil Rises as New Russia Sanctions Outweigh Demand Worries
Top StoriesOil Extends Rally on Prospect of More Russia Sanctions
Top StoriesGermany Resists EU Ban on Russian Gas as Bloc Prepares New Sanctions
Top StoriesOil Slips Below $104 as Reserves Release Counters Supply Fears
Russia Maintains Gas Deliveries as Europe Considers Fresh Sanctions
Date: April 4, 2022
By Nora Buli OSLO (Reuters) – Russia maintained gas flows through key pipeline routes into Europe on Monday, despite uncertainty over payment terms and as European leaders called for more sanctions against Moscow after war crimes allegations in Ukraine. Physical gas flows through the Yamal-Europe pipeline, at Germany’s Mallnow point see-sawed over the weekend and...
Climate Activists Plan Daily Protests After Blocking 10 UK Oil Terminals
Date: April 1, 2022
By Andrew MacAskill and Muvija M LONDON (Reuters) -Hundreds of climate change protesters blocked oil terminals across Britain on Friday with some supporters climbing on top of oil tankers as part of their campaign to force the government to end its reliance on fossil fuels. Extinction Rebellion, which caused days of traffic chaos in central...
Oil Benchmarks on Course for Biggest Weekly Losses in 2 Years
Date: April 1, 2022
By Shadia Nasralla LONDON (Reuters) – Oil dipped in and out of negative territory on Friday as members of the International Energy Agency (IEA) were due to discuss a further addition of oil reserves to the market alongside a planned 180 million barrel release by the United States. The benchmark Brent and WTI contracts were...
Biden Spurs Record Emergency Oil Release in ‘moment of Peril’ for World
Date: March 31, 2022
By Alexandra Alper and Timothy Gardner WASHINGTON (Reuters) – President Joe Biden on Thursday launched the largest release ever from the U.S. emergency oil reserve and challenged oil companies to drill more in an attempt to bring down gasoline prices that have soared during Russia’s war with Ukraine. The announcement comes as part of a...
Oil Prices Dive as U.S. Considers Record Reserves Release
Date: March 31, 2022
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices tumbled on Thursday on news that the United States was considering the largest ever release from its Strategic Petroleum Reserve, while OPEC+ stuck to its existing deal for May output. Brent crude futures for May, which expire on Thursday, were down $5.24, or 4.62%, to $108.21 a barrel...
European Shares Slip as U.S. Reserve Release Plan Pressures Oil Stocks
Date: March 31, 2022
By Susan Mathew (Reuters) – European shares slipped in choppy trade on Thursday, widening a quarterly loss that would be the first in two years, as oil stocks slid on news that the United States was considering tapping into its oil reserves. The pan-European stock index was down 0.1%, as of 0941 GMT, after early...