Oil settles lower after hitting $ 90 / bbl as OPEC + considers output cut

OPEC + has begun talks on output cut at Oct. 5 meet – OPEC source Russia seen suggesting OPEC + cuts output by 1 mln bpd – source US markets slide on Fed’s aggressive moves to tame inflation US production to return after shutting for Hurricane Ian NEW YORK, Sept 29 (Reuters) – Oil prices … Read more

Europe burns cash to help businesses in energy crisis

Register now for FREE unlimited access to Reuters.com Register European gas prices have soared amid Ukraine crisis Utilities face liquidity crunch Germany will ‘do everything possible’ to help firms Russian mobilization triggers oil price jump BERLIN / LONDON, Sept 21 (Reuters) – Germany nationalized gas importer Uniper (UN01.DE) on Wednesday and Britain said it would … Read more

Germany nears nationalization of gas giant Uniper

Register now for FREE unlimited access to Reuters.com Register Germany to inject a further 8 billion euros Fortum to exit as Uniper shareholder Uniper shares up 2.4% BERLIN / DUESSELDORF, Sept 20 (Reuters) – Germany is nearing a nationalization of gas importer Uniper (UN01.DE) in the wake of an energy crisis that has left the … Read more

Europe races to prepare for energy crunch this winter

Spain may shut energy-intensive industries at peak times France prepares to send gas to Germany in October Germany to sign LNG contracts in UAE Berlin still working on Uniper bailout BERLIN / LISBON, Sept 19 (Reuters) – Germany was pressing on Monday to secure liquefied natural gas contracts with Gulf producers and other European states … Read more

Shell picks gas veteran Sawan as CEO to lead transition

Register now for FREE unlimited access to Reuters.com Register Van Beurden will step down at end-2022, leave group next year Sawan is head of Shell’s integrated gas, renewables division Sawan was seen as a front-runner to replace van Beurden Sept 15 (Reuters) – Shell (SHEL.L) has turned to the head of its gas and renewables … Read more

Germany, EU race to fix energy crisis

Register now for FREE unlimited access to Reuters.com Register Germany plans to expand lending to energy firms EU securities watchdog mulling EU-wide measures Commission to announce broader plans on Wednesday BERLIN / FRANKFURT, Sept 13 (Reuters) – Germany will step up lending to energy firms at risk of being crushed by soaring gas prices, it … Read more

EU eyes levy on fossil fuel firms to help consumers survive energy crisis

Register now for FREE unlimited access to Reuters.com Register BRUSSELS, Sept 12 (Reuters) – Fossil fuel firms may have to share their excess profits to help European households and industries cope with red-hot energy bills, a draft European Union plan showed on Monday as the cost of the West’s “energy war” with Russia took a … Read more

Oil edges up from seven-month low as Russia threatens export halt

A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS / Tatiana Meel Register now for FREE unlimited access to Reuters.com Register US crude stocks jump by nearly 9 million barrels – EIA US weighing need for more oil releases … Read more

Oil dives more than $ 4 on strong dollar, recession fears

An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS / Todd Korol / File Photo Register now for FREE unlimited access to Reuters.com Register Sept 7 (Reuters) – Oil prices tumbled more than $ 4 on Wednesday, slumping below levels seen prior to Russia’s invasion of … Read more

UK weighs huge support package as Europe battles energy crisis

Mecklenburg-Western Pomerania state premier Manuela Schwesig and Bavaria’s State Premier Markus Soeder visit a pipeline transfer station of the Baltic Sea Pipeline Link near Lubmin, Germany, August 30, 2022. REUTERS / Lisi Niesner Register now for FREE unlimited access to Reuters.com Register UK to freeze energy bills for this winter and next – BBC $ … Read more