oil-and-gas
Top StoriesEU Split on Russia Oil Sanctions
Top StoriesEuropean Shares Dip in Choppy Trade, Oil Stocks Cap Declines
InvestingOil Prices Up, Well Over $100/bbl but Headed for Weekly Loss
Top StoriesBalancing Britain’s Energy Security Options as Prices Rise
Eni Can Supply More Gas to Help Reduce Russia Reliance
Date: March 18, 2022
By Stephen Jewkes MILAN (Reuters) – Italian energy group Eni will be able to provide additional gas resources to help reduce reliance on Russia following its invasion of Ukraine, the company said on Friday. Setting out its strategy for 2022-2025, Eni also said it was picking up the pace on steps to reach its climate...
Oil Surges Amid Warnings of Supply Shortages
Date: March 17, 2022
By Ahmad Ghaddar LONDON -Oil prices climbed 6% on Thursday after the International Energy Agency (IEA) said three million barrels a day (bpd) of Russian oil and products could be shut in from next month and despite the U.S. Federal Reserve’s decision to raise interest rates. The supply loss would be far greater than an...
Oil Dips on Russia-Ukraine Talks, U.S. Inventory Data
Date: March 16, 2022
By David Gaffen (Reuters) -Oil fell on Wednesday in another volatile session as traders reacted to hoped-for progress in Russia-Ukraine peace talks and a surprising increase in U.S. inventories. Around noon in New York, global benchmark Brent was slightly lower and U.S. crude was slightly higher. The oil market has been on a roller-coaster for...
UK’s Johnson Calls for Joint Effort on Energy Market Security in Gulf Talks
Date: March 16, 2022
By Aziz El Yaakoubi and William James RIYADH/LONDON (Reuters) -British Prime Minister Boris Johnson met the de facto leaders of Gulf oil exporters Saudi Arabia and the United Arab Emirates on Wednesday on a visit aimed at securing oil supplies and raising pressure on Russian President Vladimir Putin over Ukraine. Johnson’s office said that in...
Iea Says 3 Million Bpd of Russian Oil, Products Could Be Shut in Next Month
Date: March 16, 2022
By Noah Browning LONDON (Reuters) – Three million barrels per day (bpd) of Russian oil and products may not find their way to market beginning in April in the wake of its invasion of Ukraine, the International Energy Agency (IEA) said on Wednesday, as sanctions bite and buyers hold off. Rising commodity prices and sanctions...
UK’s Johnson in Gulf to Ask Saudi and UAE to Pump More Oil
Date: March 16, 2022
ABU DHABI (Reuters) -British Prime Minister Boris Johnson was in Abu Dhabi on Wednesday ahead of talks with United Arab Emirates and Saudi leaders to secure more oil flows from the Gulf and increase pressure on Russian President Vladimir Putin over Ukraine. With Britain, like much of the West, facing spiralling energy prices, Johnson is...