oil-and-gas
Top StoriesShares, Oil Volatile Ahead of NATO Russia-Ukraine Summit
Top StoriesPutin Wants ‘unfriendly’ Countries to Pay for Russian Gas in Roubles
InvestingOil Jumps 5% as Caspian Pipeline Disruption Adds to Supply Fears
Top StoriesEuro Weakens as Biden Carries New Sanction Plans to Europe
Top Trading Houses Speak at Commodities Conference
Date: March 23, 2022
(Reuters) – Executives from the world’s largest trading houses and mining companies are at the FT Commodities Global Summit this week, discussing market trends, cyber security and the impact of the conflict in Ukraine. Below are comments from participants: BEN LUCKOCK, TRAFIGURA CO-HEAD OF OIL “I think you will see record backwardation and you will...
Oil Mixed as Dollar Rises, EU Looks Less Likely to Ban Russian Oil
Date: March 22, 2022
By Laura Sanicola (Reuters) -Oil was trading mixed on Tuesday as the dollar strengthened and it looked unlikely that the European Union would pursue an embargo on Russian oil, a day after prices jumped 7% and also rose earlier in the session. EU foreign ministers are split on whether to join the United States in...
Russia Warns of Sharp Caspian Pipeline Oil Export Drop After Storm
Date: March 22, 2022
(Reuters) – Russian and Kazakhstan oil exports via the Caspian Pipeline Consortium (CPC) from the Black Sea may fall by up to 1 million barrels per day (bpd), or 1% of global oil production, due to storm-damaged berths, a Russian official said on Tuesday. Pavel Sorokin, a Deputy Energy Minister, said the second berth could...
EU to Require Countries to Fill Gas Storage 90% Before Winter -Draft
Date: March 22, 2022
By Kate Abnett BRUSSELS (Reuters) – The European Commission will propose legislation on Wednesday requiring EU countries to fill their gas storage to at least 90% of capacity ahead of each winter, according to a draft document. The invasion of Ukraine by Russia, the European Union’s top gas supplier, has increased concerns about supply shocks...
Russia-Related Energy Market Shock Could Tip World Into Recession, Vitol CEO Says
Date: March 22, 2022
By Julia Payne LONDON (Reuters) -The energy market shock following Russia’s invasion of Ukraine could tip the world into an economic recession, especially if the war drags on, Vitol’s chief executive said on Tuesday. Even before Russia launched its invasion on Feb. 24, energy markets had little spare capacity, and will struggle to absorb the...
Oil Rises Towards $116 as EU Weighs Russian Ban
Date: March 22, 2022
By Alex Lawler LONDON -Oil rose towards $116 a barrel on Tuesday, adding to a 7% surge the previous day, supported by supply risks from a potential European Union oil embargo on Russia and concern about attacks on Saudi oil facilities. European Union foreign ministers are split on whether to join the United States in...