oil-and-gas
InvestingOil Edges Back up Despite Putin’s Pledge to Honor Supply Commitments
Top StoriesShell, Bp Halt Spot German Diesel Sales on Scarcity Fears
InvestingOil Bounces as Tight Supply Gives High Floor to Prices
InvestingOil Plunges as Much as 17% as UAE Says Support Output Hike
Stocks Rebound as Markets Pause, Oil Prices Cool Down
Date: March 9, 2022
By Elizabeth Howcroft LONDON (Reuters) – European stock markets rose on Wednesday as investors paused after three days of selling, while oil prices edged back down from their latest peak. Russia accused the United States of declaring an economic war, after U.S. President Joe Biden announced a ban on Russian oil exports on Tuesday. Western...
Britain to Phase Out Russian Oil Imports by End of 2022
Date: March 8, 2022
By William James and Kylie MacLellan LONDON (Reuters) -Britain will phase out imports of Russian oil and oil products by the end of 2022 and consider banning its natural gas, joining other countries, including the United States, in a move to punish Moscow over the invasion of Ukraine. As part of the global response to...
Biden Bans Russia Oil Imports to U.s., Warns U.S. Gasoline Prices Will Rise Further
Date: March 8, 2022
By Trevor Hunnicutt and Steve Holland WASHINGTON (Reuters) -U.S. President Joe Biden announced a ban on Russian oil and other energy imports on Tuesday in retaliation for the invasion of Ukraine, underscoring strong bipartisan support for a move that he acknowledged would drive up U.S. energy prices. “We’re banning all imports of Russian oil and...
UK to Set Out New Energy Supply Strategy as Prices Soar
Date: March 7, 2022
LONDON (Reuters) -Britain will set out a new energy supply strategy as the Russian invasion of Ukraine and subsequent rally in energy prices accelerate the need for new energy sources and greater self-reliance, Prime Minister Boris Johnson said on Monday. Johnson, at a news conference alongside Canadian prime minister Justin Trudeau and Mark Rutte of...
Oil Price Soars on Talks About Russia Oil Ban, Iran Deal Delay
Date: March 7, 2022
By Bozorgmehr Sharafedin and Scott DiSavino LONDON (Reuters) -Oil prices spiked to their highest levels since 2008 on Monday amid market supply fears as the United States and European allies considered banning Russian oil imports and prospects for a swift return of Iranian crude to global markets receded. Brent crude reached $139.13 a barrel and...
Euro Set for Biggest 3-day Drop in 2 Years as Oil Prices Soar
Date: March 7, 2022
By Saikat Chatterjee LONDON (Reuters) – The euro tanked more than 1% versus the dollar on Monday and was on track for its biggest three-day loss in two years as soaring oil prices stoked fears of a stagflationary shock that could hammer European recovery hopes. The single currency’s drop was broad-based, with the currency flirting...