Tag Archives: standards thomson

Bulgaria won’t discuss renewal of gas deal with Gazprom

A 3D printed gas pipeline is placed in front of the Gazprom logo displayed in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register SOFIA, March 19 (Reuters) – Bulgaria will not enter into negotiations with Russian energy giant Gazprom to renew …

Read More »

Saudi crude exports hit 21-month high in January – JODI

FILE PHOTO: Flames are seen at Saudi Aramco’s Shaybah oilfield production site in the Empty Quarter, Saudi Arabia May 22, 2018. REUTERS/Ahmed Jadallah Join now for FREE unlimited access to Reuters.com Register March 18 (Reuters) – Saudi Arabia‘s crude oil exports in January reached 6.996 million barrels per day (bpd), …

Read More »

Britain’s Johnson urges Saudi Arabia to increase oil production, minister says

LONDON, March 14 (Reuters) – British Prime Minister Boris Johnson is trying to persuade Saudi Arabia to increase oil production, a senior minister said on Monday, following reports that Johnson is heading to the weight heavyweight from OPEC this week. Saudi Arabia and the United Arab Emirates have so far …

Read More »

Saudi local industry secured $21 billion in investment in 2021 – minister

RIYADH, March 7 (Reuters) – Saudi Arabia attracted 81 billion riyals ($21.6 billion) of investment in the industrial sector in 2021, both for the private sector and for joint ventures with government entities, said the Saudi Minister of Industry on Monday. The kingdom has set lofty goals to diversify its …

Read More »

Saudi Arabia could raise April crude prices to Asia to historic highs

A view shows branded oil tanks at the Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov Join now for FREE unlimited access to Reuters.com Register SINGAPORE, March 2 (Reuters) – Saudi Arabia, the world’s biggest oil exporter, could sharply raise crude prices for Asia in …

Read More »

Norwegian oil companies increase investment plans for 2022

General view of Equinor’s Johan Sverdrup oil platforms in the North Sea, Norway December 3, 2019. REUTERS/Ints Kalnins Join now for FREE unlimited access to Reuters.com Register OSLO, Feb 17 (Reuters) – Norwegian oil and gas companies plan to invest nearly $18 billion this year, more than originally planned, as …

Read More »

Saudi Arabia transfers $80 billion worth of Aramco shares to state fund

A 3D printed gas pipeline is placed in front of the Saudi Aramco logo displayed in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register DUBAI, Feb 13 (Reuters) – Saudi Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco …

Read More »

OPEC sees higher oil demand forecast for 2022 thanks to strong pandemic recovery

Crude oil storage tanks are seen from above at the Cushing Petroleum Center, appearing to run out of space to hold a historic supply glut that has driven prices up, in Cushing, Oklahoma March 24, 2016. Photo taken March 24, 2016. REUTERS/ Nick Oxford // File photo Join now for …

Read More »

US pipeline company Williams hires LNG executives for new marketing arm

HOUSTON, Feb 9 (Reuters) – U.S. natural gas pipeline operator Williams Companies has hired two senior executives to set up a liquefied natural gas (LNG) marketing operation, according to profiles of employees and people familiar with the matter. New LNG production capacity this year will bring U.S. processing capacity to …

Read More »

Oil prices climb after API data shows surprise drop in US stocks

Crude oil storage tanks are seen in an aerial photograph of the Cushing Oil Hub in Cushing, Oklahoma, U.S., April 21, 2020. REUTERS/Drone Base Join now for FREE unlimited access to Reuters.com Register API data shows US crude, fuel stocks falling – sources Iran nuclear talks resume Tuesday in Vienna …

Read More »

Hungary will seek more Russian gas amid energy crisis, says Orban

BUDAPEST, Jan 28 (Reuters) – Hungary will seek to increase the amount of gas it receives from Russia in talks with President Vladimir Putin next week, Prime Minister Viktor Orban said on Friday. Hungary, a member of the European Union and NATO, concluded a new long-term gas supply agreement with …

Read More »

Saudi Arabia may raise crude oil prices in March for Asia

Flames emerge from a pipeline in the Basra oil fields, southeast of Baghdad, September 30, 2016. REUTERS/Essam Al-Sudani Join now for FREE unlimited access to Reuters.com Register Arab Light Crude March OSP could rise 60 cents/barrel – survey Improved jetting, fuel margins to support light grades SINGAPORE, Jan 26 (Reuters) …

Read More »

US court voids federal permit for natgas WV-VA Mountain Valley pipe

The names of companies and law firms listed above are auto-generated based on the text of the article. We are improving this feature as we continue to test and develop in beta. We appreciate feedback, which you can provide using the feedback tab on the right side of the page. …

Read More »

Gazprom Export requests arbitration against PGNiG on the price of the contract

Gazprom company logo is seen at the Saint Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 2, 2021. REUTERS/Evgenia Novozhenina/File Photo Join now for FREE unlimited access to Reuters.com Register MOSCOW, Jan 14 (Reuters) – Russian group Gazprom Export said on Friday it was seeking international arbitration against …

Read More »

Moldova seeks to postpone January gas advance to Gazprom

The logo of the energy company Moldovagaz is displayed at a gas station in Chisinau, Moldova on October 28, 2021. REUTERS / Vladislav Culiomza Register now for FREE and unlimited access to Reuters.com Register CHISINAU, Jan.11 (Reuters) – Moldova will pay its December gas bill to Russian supplier Gazprom in …

Read More »

Indonesia to subsidize 1.2 billion liters of cooking oil to cool prices

JAKARTA, Jan.5 (Reuters) – Indonesia will offer 1.2 billion liters of cooking oil at a subsidized price to consumers, the government said on Wednesday, in a bid to curb inflation that peaked on last month following a commodity boom. . The government will spend 3.6 trillion rupees ($ 250.78 million) …

Read More »

Europe’s missteps fuel gas prices, Russia says as fuel flows east

A view shows the gas wells of the Bovanenkovo ​​gas field owned by Gazprom on the arctic peninsula of Yamal, Russia, May 21, 2019. REUTERS / Maxim Shemetov Register now for FREE and unlimited access to Reuters.com Register The price of gas in Europe hit a record high this week, …

Read More »

Oil rallies amid reduced fears of Omicron-induced drop in demand

Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, USA, April 27, 2020. REUTERS / Adrees Latif / File Photo Register now for FREE and unlimited access to Reuters.com Register Two antiviral pills for COVID-19 approved in the United States Exxon …

Read More »

Putin on NATO, Ukraine, gas, COVID and the Russian economy

Russian President Vladimir Putin attends his annual year-end press conference in Moscow, Russia on December 23, 2021. REUTERS / Evgenia Novozhenina Register now for FREE and unlimited access to Reuters.com Register MOSCOW, December 23 (Reuters) – Russian President Vladimir Putin gave his annual press conference on Thursday. Read more Putin …

Read More »

Moldovan President EXCLUSIVE to Russia: joining the EU is our choice

Moldova urges Russia to follow pro-Western path President to challenge Russian gas debt demands President wants Western help to catch criminals BRUSSELS, December 14 (Reuters) – Moldova aspires to join the European Union and the former Soviet republic has told Russia it is its choice, Moldovan President Maia Sandu said …

Read More »

Oil prices post their biggest weekly increase since August

The general view shows the Cadereyta refinery of the Mexican state oil company Pemex, in Cadereyta, on the outskirts of Monterrey, Mexico, on April 20, 2020. REUTERS / Daniel Becerril / File Photo Register now for FREE and unlimited access to reuters.com Register Brent and WTI post biggest gains in …

Read More »

Oil weighs on Saudi stocks, Dubai wins for seventh day

An investor browses the Dubai financial market after Joe Biden won the US presidency, in Dubai, United Arab Emirates, November 8, 2020. REUTERS / Christopher Pike Register now for FREE and unlimited access to reuters.com Register now December 9 (Reuters) – The Saudi stock market ended lower on Thursday, following …

Read More »

Oil prices drop as investors wait for Omicron’s impact assessment

Crude oil storage tanks are seen from above at the Cushing Oil Hub in Cushing, Oklahoma on March 24, 2016. REUTERS / Nick Oxford / File Photo Register now for FREE and unlimited access to reuters.com Register Biden warns Putin of sanctions, Nord Stream 2 disruption if Russia invades API …

Read More »

COVID-19: Hungary begins talks on authorization of Sputnik Light

A nurse prepares a dose of the vaccine against the coronavirus disease Sputnik Light (COVID-19) during a vaccination in Managua, Nicaragua. 25 October 2021. REUTERS / REUTERS / Maynor Valenzuela Register now for FREE and unlimited access to reuters.com Register now BUDAPEST, Nov. 26 (Reuters) – The Hungarian National Institute …

Read More »

Western Canada to increase oil and gas drilling to pre-pandemic levels – CAOEC

A pipe depot serving the government-owned Trans Mountain pipeline operator is seen in Kamloops, British Columbia, Canada on June 7, 2021. REUTERS / Jennifer Gauthier / File Photo Register now for FREE and unlimited access to reuters.com Register now Nov. 23 (Reuters) – Western Canadian oil and gas producers will …

Read More »

US FERC investigates two cases of market manipulation during February freeze in Texas

Nov. 18 (Reuters) – The U.S. Federal Energy Regulatory Commission (FERC) said on Thursday it referred two cases of the February freeze in Texas to its investigations division to look for possible market manipulation or d other violations. FERC said its analysis and monitoring division looked at wholesale natural gas …

Read More »

Column: US oil drilling set to accelerate in 2022: Kemp

Oil rigs are pictured in the Kern River oilfield in Bakersfield, Calif., November 9, 2014. REUTERS / Jonathan Alcorn / File Photo John Kemp is a market analyst at Reuters. The opinions expressed are his LONDON, Nov. 17 (Reuters) – U.S. shale producers have added additional drilling rigs much slower …

Read More »

Oil Rises on Tight Stocks, Demand Concerns Limit Gains

The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS / Christian Hartmann / File Photo Brent and WTI rise, but demand concerns could limit gains Trafigura CEO Weir sees “very, very tight” oil market Oil price rally should …

Read More »

Saudi PIF nearly triples holdings of US equities; adds Walmart, Pinterest

DUBAI, Nov. 15 (Reuters) – The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, nearly tripled its holdings of listed shares in the United States to $ 43.45 billion in the third quarter, adding shares of the Alibaba group, Walmart (WMT.N) and Pinterest (PINS.N). Its holdings of U.S.-listed stocks …

Read More »

Oil wins after US infrastructure bill passes, Chinese exports rise

Crude oil storage tanks are seen from above at the Cushing Oil Hub in Cushing, Oklahoma on March 24, 2016. REUTERS / Nick Oxford TOKYO, Nov. 8 (Reuters) – Oil prices rose on Monday amid positive signs of global economic growth, supporting energy demand, as Saudi state producer Aramco raised …

Read More »

Russian gas flows through the Yamal-Europe pipeline to Germany are again interrupted

A view shows pipelines near a gas processing facility, operated by the Gazprom company, at the Bovanenkovo ​​gas field on the arctic Yamal peninsula, Russia, May 21, 2019. Photo taken on May 21, 2019. 2019. REUTERS / Maxim Shemetov MOSCOW / FRANKFURT, Nov 6 (Reuters) – Gas flows through the …

Read More »

With shale under control, Saudi Arabia and Russia become more comfortable with oil rally

A sticker shows crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, USA, November 22, 2019. REUTERS / Angus Mordant / File Photo OPEC + has pushed back US calls for faster production increases Russian source claims OPEC + is not …

Read More »

Biden pushes G20 energy-producing countries to increase production

ROME, October 30 (Reuters) – US President Joe Biden on Saturday urged key G20 energy-producing countries with slack capacity to step up production to ensure a stronger global economic recovery amid a broader effort to put pressure on OPEC and its partners to increase oil supply. With soaring oil and …

Read More »

Gazprom and Moldova sign 5-year gas agreement

MOSCOW, October 30 (Reuters) – Russian natural gas giant Gazprom and the Moldovan government announced on Friday that it had signed a new five-year contract for the supply of Russian gas. “Gazprom and MoldovaGaz have extended a five-year Russian gas supply contract, effective November 1, 2021, on mutually beneficial terms,” …

Read More »

Oil Prices Extend Gains to Multi-Year Highs Due to Tight Supply

Crude oil storage tanks are seen from above at the Cushing Oil Hub in Cushing, Oklahoma, USA, March 24, 2016. REUTERS / Nick Oxford WTI reaches its highest level since October 2014, Brent reaches its highest level in 3 years Speculators increase their net long positions in US crude -CFTC …

Read More »

Saudi Arabia, leading oil exporter, targets net zero emissions by 2060

Dual objective of reducing carbon emissions Saudi initiative for an investment of 187 billion dollars Fight against climate change while ensuring the stability of the oil market Could reach target before 2060, according to Minister of Energy RIYAD, October 23 (Reuters) – The Crown Prince of Saudi Arabia said on …

Read More »

Oil hits multi-year high above $ 86, then pulls back

A worker takes a sample of crude oil from an oil well operated by the Venezuelan state oil company PDVSA in Morichal, Venezuela, July 28, 2011. REUTERS / Carlos Garcia Rawlins / File Photo American crude, lower fuel stocks, tightening supply -EIA Coal and natural gas prices fall, weighing on …

Read More »

US decides to control overseas sales of hacking tools

A computer keyboard lit by a displayed cyber code is seen in this illustrative photo taken on March 1, 2017. REUTERS / Kacper Pempel October 20 (Reuters) – The US Department of Commerce on Wednesday announced new rules intended to curb the sale of offensive cybersecurity products to certain countries …

Read More »

Explanation: the keeper of Nord Stream 2 in Germany: the long road until the gas flows

The logo of the Nord Stream 2 gas pipeline project is seen on a pipe at the Chelyabinsk Pipe Rolling Plant in Chelyabinsk, Russia on February 26, 2020. REUTERS / Maxim Shemetov / File Photo FRANKFURT / BERLIN, October 15 (Reuters) – The Nord Stream 2 gas pipeline is complete …

Read More »

Oil is stable as soaring electric fuel prices offsets concerns over crude demand

A gas station attendant prepares to refuel a car in Rome, Italy, January 4, 2012. REUTERS / Max Rossi IMF slashes growth prospects for major economies China’s crude imports in September fall 15% year-on-year – data U.S. Gasoline Futures On Track For Higher Close Since October 2014 Market expects API …

Read More »

Amnesty expresses human rights concerns as Saudi takeover of Newcastle looms

October 7 (Reuters) – Amnesty International on Thursday called on the Premier League to focus on human rights issues and ‘sportswashing’ as the proposed sale of Newcastle United to a consortium led by the Public Investment Fund (PIF) of Saudi Arabia was getting closer. The PIF – chaired by Saudi …

Read More »

EXCLUSIVE Southwest Gas nears Questar deal after Buffett loses outside sources

Oct. 3 (Reuters) – Southwest Gas Holdings (SWX.N) is in advanced talks to acquire Questar Pipeline Company, a gas transportation and storage business from Dominion Energy Inc (DN) that Warren Buffett has attempted to buy, have said people familiar with the matter on Sunday. The deal would come three months …

Read More »

Ukraine demands sanctions on Russian Gazprom after Kiev loses gas imports

An engineer checks the gas distribution system at Beregdaroc, one of several Russian gas entry points into the European Union, on February 10, 2015. REUTERS / Laszlo Balogh Russian-Hungarian deal deprives Kiev of revenue and gas Kiev wants sanctions against Gazprom Kremlin says criticism is politicized Said that Gazprom fulfills …

Read More »

Enbridge’s long-delayed Line 3 pipeline project to start October 1

CALGARY, Alta., Sept. 29 (Reuters) – Enbridge Inc (ENB.TO) announced on Wednesday that its Line 3 pipeline replacement project will begin operation on Oct. 1, the first successful major expansion of export capacity from Canadian crude in six years, removing obstacles that other projects have not been able to overcome. …

Read More »

OPEC + sticks to November production plans despite $ 80 worth of oil, sources say

The OPEC logo pictured before an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS / Ramzi Boudina LONDON / MOSCOW, September 29 (Reuters) – OPEC + is expected to stick to an existing deal to add 400,000 barrels …

Read More »

Tallgrass to track and measure emissions on the US interstate gas pipeline

DENVER, Sept.28 (Reuters) – Tallgrass Energy Partners will begin monitoring emissions, including methane and other greenhouse gases, on its Rockies Express pipeline, making it the first U.S. company to measure and certify environmental impact of operations on an interstate gas pipeline. Natural gas producers, carriers and utilities adopt carbon reduction …

Read More »

Column: Oil prices soar with little help from hedge funds: Kemp

Oil storage containers are seen, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, United States, April 7, 2021. REUTERS / Lucy Nicholson LONDON, Sept. 27 (Reuters) – The prolonged disruption of oil production in the Gulf of Mexico and mounting signs of a global energy shortage have not …

Read More »

PennEast becomes last to scuttle gas pipeline project

A gas pipeline in Chino Hills State Park, California, United States, April 21, 2021. REUTERS / Lucy Nicholson Sept. 27 (Reuters) – PennEast Pipeline on Monday said it would stop developing a proposed Pennsylvania-New Jersey pipeline, the latest in a series of natural gas lines to run aground due to …

Read More »

ADNOC completes book building for drilling unit IPO, raising more than $ 1.1 billion

An Emirati is seen near the ADNOC logo in Ruwais, United Arab Emirates on May 14, 2018. REUTERS / Christopher Pike / File Photo DUBAI, Sept. 27 (Reuters) – State-owned oil giant Abu Dhabi National Oil Co (ADNOC) has finalized the book-building for the initial public offering (IPO) of ADNOC …

Read More »

Column: Global energy shortage manifests itself in soaring coal, gas and oil prices: Kemp

The sun sets behind power lines near the town of Sachkhere, some 200 km (124 miles) northwest of Tbilisi, September 13, 2013. REUTERS / David Mdzinarishvili / File Photo LONDON, Sep 24 (Reuters) – Record gas and electricity prices in Europe, record coal prices in China, gas prices at multi-year …

Read More »

Russian Gazprom ready to boost gas sales to Europe – Ifx quotes Kremlin

The Gazprom company logo can be seen at the St. Petersburg International Economic Forum (SPIEF) in St. Petersburg, Russia on June 2, 2021. REUTERS / Evgenia Novozhenina / File Photo MOSCOW, September 26 (Reuters) – Russian energy giant Gazprom (GAZP.MM) is ready to increase Europe’s natural gas supply, a Kremlin …

Read More »

MIDEAST STOCKS Chemicals and banking stocks boost Saudi index amid rising oil prices

An investor watches a screen displaying stock information on the Abu Dhabi Stock Exchange on June 25, 2014./File Photo Sept. 26 (Reuters) – Most of the major Gulf markets rose in early trading on Sunday, with Saudi stocks leading the gains, with physical and financial stocks providing a boost amid …

Read More »

Soaring gas prices, another headwind for the global economy

Snow-covered transfer lines are seen at the Dominion Cove Point Liquefied Natural Gas (LNG) terminal in Lusby, Maryland, March 18, 2014. REUTERS / Gary Cameron LONDON, Sept. 20 (Reuters) – Soaring gas prices that threaten to push up fuel bills in winter, hurt consumption and exacerbate a surge in short-term …

Read More »

Group of EU lawmakers seek to investigate Gazprom’s role in soaring gas prices

A specialist welds a pipe while completing construction of the Nord Stream 2 undersea pipeline aboard the laybarge Fortuna in German Baltic Sea waters, September 6, 2021. Nord Stream 2 / Axel Schmidt / Handout via REUTERS BRUSSELS, Sept. 17 (Reuters) – A group of European Parliament lawmakers have called …

Read More »

Guyana grants Saudi Aramco one-year contract to market crude oil

A view shows branded oil tanks at the Saudi Aramco oil facility in Abqaiq, Saudi Arabia, October 12, 2019. REUTERS / Maxim Shemetov GEORGETOWN, Sept. 16 (Reuters) – Guyana has awarded a unit of Saudi Arabian Oil Co (2222.SE), known as Aramco, a one-year contract to market the government’s share …

Read More »

Russian ESPO oil prices at 21-month high, boosted by strong Chinese demand

SINGAPORE, Sept. 16 (Reuters) – The rebound in demand for crude in China has pushed prices of a Russian-grade popular with independent Chinese refiners to the highest in 21 months, several trade sources said Thursday. Russian firm Surgutneftegaz (SNGS.MM) sold three cargo shipments of ESPO crude in November at premiums …

Read More »

Rats, drought and labor shortages eat away at global edible oil recovery

Rodents relish palm fruits in Malaysia due to labor shortage Palm oil prices remain close to their all-time high Dry weather in canola regions of Canada has seen production slow High prices to encourage soybean planting in Brazil PERAK, Malaysia / SINGAPORE, Sept. 5 (Reuters) – At a sprawling oil …

Read More »

Missile attack on Saudi oil region foiled – Saudi-led coalition

DUBAI, Sept. 4 (Reuters) – A ballistic missile attack targeting the oil-rich eastern region of Saudi Arabia was intercepted on Saturday, the Saudi-led coalition against the Houthi group in Yemen said in a statement disseminated by Saudi state media. The missile was intercepted over the town of Dammam, according to …

Read More »

Poland is increasing its gas supplies from the United States to reduce …

WARSAW, September 2 (Reuters) – Poland has decided to reduce its dependence on Russian energy by agreeing to purchase an additional 2 million tonnes of liquefied natural gas (LNG) per year from US suppliers on a period of 20 years. The additional supplies will allow the country’s largest gas company, …

Read More »

MIDEAST STOCKS Saudi Arabia Extends Losses on Weak Oil, Other Major Gulf Stock Exchanges Rise

Aug.22 (Reuters) – Most of the major Gulf stock markets ended higher on Sunday, as lower oil prices continued to put pressure on the Saudi index, extending losses for a second session. In Abu Dhabi, the index (.ADI) rose 0.8%, with the country’s largest lender, First Abu Dhabi Bank (FAB.AD) …

Read More »

Oil prices stable after US call for more oil raises supply concerns

White House: OPEC + output is not enough, may harm global recovery White House not asking US oil producers to increase production US crude and gasoline inventories are falling; lower fuel consumption -EIA SINGAPORE, Aug. 12 (Reuters) – Oil prices held steady on Thursday after two days of rising after …

Read More »

Oil slips 4% on Chinese virus brakes and climate warning

WTI crude at its lowest since May China Reports Increase in New COVID-19 Cases Chinese July crude imports down 20% year on year UN panel issues dreadful climate change warning LONDON, Aug. 9 (Reuters) – Oil prices fell 4% on Monday, extending last week’s steep losses amid a rising US …

Read More »

Oil Rises as Markets Expect Continued Drop in Inventories

US oil prices reverse after early rebound The brakes against the coronavirus and the slowdown in plant activity weigh heavily LONDON, Aug. 3 (Reuters) – Oil rose on Tuesday in anticipation of a continued decline in oil stocks in the United States, recouping some losses from the previous session amid …

Read More »

MIDEAST STOCKS Major Gulf stock exchanges mixed at the start of trading

An investor browses the Dubai financial market after Joe Biden won the US presidency, in Dubai, United Arab Emirates, November 8, 2020. REUTERS / Christopher Pike / File Photo Aug 3 (Reuters) – Major Gulf stock markets were mixed at the start of trading on Tuesday, with the Saudi index …

Read More »

Oil bounces back as market takes advantage of lower prices

Fundraising after 7% drop on Monday amid COVID-19 concerns U.S. crude inventories set to fall for the 9th week in a row OPEC + deal to increase oil supply adds pressure Coming soon: API Weekly Oil Inventory Data at 4:30 p.m. ET / 2030 GMT NEW YORK, July 20 (Reuters) …

Read More »

Germany loses Gazprom gas pipeline appeal, victory for Poland

The logo of Russian gas giant Gazprom is seen on a panel at the St. Petersburg International Economic Forum (SPIEF), Russia, June 6, 2019. REUTERS / Maxim Shemetov BRUSSELS, July 15 (Reuters) – Germany on Thursday lost its fight against a decision limiting Gazprom’s (GAZP.MM) access to the OPAL pipeline …

Read More »

Column: Supercycle, which supercycle? Chinese imports of raw materials do not impress (Russell)

Workers drive loaders unloading imported coal at a port in Lianyungang, Jiangsu province, China, December 5, 2019. REUTERS / Stringer The bullish glow surrounding commodities may have lost its luster, with imports in May from the main Chinese buyer looking distinctly unimpressive and far from levels associated with a new …

Read More »

Exxon withdrew from oil trade amid pandemic as rivals were making their fortunes

An Exxon gas station is seen in Houston, Texas, the United States on April 30, 2019. REUTERS / Loren Elliott Exxon Mobil’s efforts to create an energy trading company to compete with those of European oil majors quickly collapsed last year as the company slashed funding for the unit amid …

Read More »

Missed opportunity: Hedges to reduce first-quarter profit for U.S. shale oil producers

A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, USA, November 22, 2019. REUTERS / Angus Mordant U.S. oil and gas operators face billions of dollars in hedging losses that will weigh on first quarter results as the …

Read More »

Saudi Arabia joins new climate change forum – State News Agency

General view of Saudi Aramco’s Ras Tanura Oil Refinery and Oil Terminal in Saudi Arabia on May 21, 2018. Photo taken on May 21, 2018. REUTERS / Ahmed Jadallah / Saudi Arabia will join the United States, Canada, Norway and Qatar in forming a new platform for oil and gas …

Read More »