Oil rises as heightened geopolitical risks exacerbate supply concerns By Reuters

© Reuters. A state controlled oil refinery Lotos is pictured in Gdansk, Poland June 6, 2022. Picture taken June 6, 2022. REUTERS/Kacper Pempel By Yuka Obayashi TOKYO (Reuters) – Oil prices rose in Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia […]

Oil rises on US crude stock draw, China stimulus hopes By Reuters

© Reuters. FILE PHOTO: A pump is seen at a gas station in Manhattan, New York City, U.S., August 11, 2022. REUTERS/Andrew Kelly/File Photo By Jeslyn Lerh SINGAPORE (Reuters) – Oil prices rose on Thursday after data showed stockpiles fell more than expected last week, while the Chinese central bank’s cut in banks’ reserve ratio […]

Ukraine needs more air defences to protect grain exports

4/4 © Reuters. Ukraine’s President Volodymyr Zelenskiy, Swiss President Alain Berset, Latvian President Edgars Rinkevics and Lithuanian Prime Minister Ingrida Simonyte attend an international summit on food security ‘Grain from Ukraine’, amid Russia’s ongoing attack on 2/4 By Max Hunder KYIV (Reuters) -Ukraine needs more air defences to protect its grain export routes as well […]

Energy shares show resilience amid market dip, oil surges past $90 By Investing.com

© Reuters. In the face of a broader market downturn on Tuesday, energy shares demonstrated relative resilience, according to reports. Analysts have attributed this trend to the continuing climb of oil prices, which breached the $90 mark. The surge in oil prices is understood to be influenced by factors including geopolitical tensions and high rates. […]

White House unveils proposed reforms to speed clean energy permitting By Reuters

© Reuters. A general view of the sun rising behind the White House in Washington, U.S. January 22, 2021. REUTERS/Jonathan Ernst By Clark Mindock and Timothy Gardner (Reuters) – The White House on Friday proposed reforms to the environmental review process for new energy projects that it said would help speed up permitting for electric […]

Oil falls on US debt deal struggles, OPEC+ talks uncertainty By Reuters

© Reuters. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer By Yuka Obayashi and Muyu Xu TOKYO (Reuters) – Oil fell on Tuesday, giving up earlier gains, as concerns about the viability of the U.S. debt ceiling pact cooled the market’s […]

Oil dips, set for monthly drop, ahead of key U.S. inflation data By Reuters

© Reuters. FILE PHOTO: An aerial view shows an oil factory of Idemitsu Kosan Co. in Ichihara, east of Tokyo, Japan November 12, 2021, in this photo taken by Kyodo. Mandatory credit Kyodo/via REUTERS/File Photo By Shadia Nasralla LONDON (Reuters) -Oil prices dipped on Friday, with benchmarks heading for their weakest monthly performances since November, […]

Oil falls ahead of OPEC+, U.S. Federal Reserve meetings By Reuters

© Reuters. FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo By Florence Tan and Emily Chow SINGAPORE (Reuters) -Oil prices fell on Monday, giving up earlier gains, as global producers will likely keep output unchanged during a meeting this week and investors […]

Coterra Energy to pay $16.29 million for Pennsylvania water contamination plea By Reuters

© Reuters. Coterra Energy’s logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration (Reuters) – U.S. shale producer Coterra Energy (NYSE:) pleaded no contest for contaminating well water in Dimock, Pennsylvania, and will pay $16.29 million to construct a new means of water supply to its residents, the state […]

European Gas Jumps as Lower Temperatures Set to Increase Demand By Bloomberg

(Bloomberg) — Natural gas prices in Europe increased with a wave of cold weather set to boost demand and test the region’s preparedness for the winter amid restricted supplies.  Benchmark futures rose as much as 5.2% to the highest level since Oct. 13. Temperatures across Europe will likely plummet this month after a relatively mild […]