Exxon sues EU in move to block new windfall tax on oil companies

Exxon sues EU in move to block new windfall tax on oil companies

Dec 29 (Reuters) – U.S. oil major Exxon Mobil Corp (XOM.N) is suing the European Union in a bid to force it to scrap the bloc’s new windfall tax on oil groups, arguing Brussels exceeded its legal authority by imposing the levy. Record profits this year by oil companies benefiting from high energy prices have … Read more

India makes inroads into Sri Lanka under China’s long shadow

India makes inroads into Sri Lanka under China’s long shadow

COLOMBO/NEW DELHI, Dec 27 (Reuters) – When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbour stepped into the breach. India provided about $4 billion in rapid assistance between January and July, including credit … Read more

Storm cuts U.S. oil, gas, power output, sending prices higher

Storm cuts U.S. oil, gas, power output, sending prices higher

Dec 23 (Reuters) – Frigid cold and blowing winds on Friday knocked out power and cut energy production across the United States, driving up heating and electricity prices as people prepared for holiday celebrations. Winter Storm Elliott brought sub-freezing temperatures and extreme weather alerts to about two-thirds of the United States, with cold and snow … Read more

Gazprom: gas supplied in full, bypassing damaged Russian export pipeline

Gazprom: gas supplied in full, bypassing damaged Russian export pipeline

This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Dec 20 (Reuters) – A local unit of the Russian energy giant Gazprom (GAZP.MM) said on Tuesday that gas was being supplied to customers in full via parallel pipelines following a fatal explosion in a section of … Read more

Keystone cleanup turns remote Kansas valley into a small town

Keystone cleanup turns remote Kansas valley into a small town

WASHINGTON, Kan., Dec 18 (Reuters) – Farmer Bill Pannbacker got a call earlier this month from a representative from TC Energy Corp , telling him that its Keystone Pipeline, which runs through his farmland in rural Kansas, had suffered an oil leak. But he was not prepared for what he saw on his land, which … Read more

European Parliament kicks out VP Kaili over Qatar graft scandal

European Parliament kicks out VP Kaili over Qatar graft scandal

Kaili was one of four people arrested in Belgium Greek politician’s lawyer says she denies wrongdoing Police uncovered cash in raids, some in suitcase in hotel European Parliament’s role as bloc’s moral compass at risk STRASBOURG, Dec 13 (Reuters) – The European Parliament removed Greek MEP Eva Kaili as a vice president of the assembly … Read more

German car giants and Asian battery kings: a match made in Hungary

German car giants and Asian battery kings: a match made in Hungary

German, Chinese and S.Koreans head to Hungary They dominate auto investment and subsidies Orban’s Hungary keen to court foreign business BERLIN/BUDAPEST, Dec 13 (Reuters) – German automakers and Asian battery suppliers are getting together in Hungary in a multi-billion-dollar marriage of convenience to drive their electric ambitions. The companies are flocking to central Europe, where … Read more

U.S. sends first shipment of power gear to aid Ukraine

U.S. sends first shipment of power gear to aid Ukraine

WASHINGTON, Dec 12 (Reuters) – The United States has shipped the first part of its power equipment aid to Ukraine, U.S. officials said on Monday, as Washington works to support the country’s energy infrastructure against intensifying attacks from Russia. The first tranche was power equipment worth about $13 million, one of the officials said. Another … Read more

Some EU states formally express concerns to France over Macron Russia comments – diplomats

Some EU states formally express concerns to France over Macron Russia comments – diplomats

PARIS, Dec 12 (Reuters) – Baltic states and other European nations upset at comments made by French President Emmanuel Macron regarding security guarantees for Russia formally lodged disapproval and explained their position to France on Monday, diplomats said. In an interview with French TV station TF1 on Dec. 3, Macron said Europe needed to prepare … Read more

Saudi foreign minister: ‘All bets off’ if Iran gets nuclear weapon

Saudi foreign minister: ‘All bets off’ if Iran gets nuclear weapon

DUBAI, Dec 11 (Reuters) – Saudi Arabia’s foreign minister said on Sunday that Iran’s Gulf Arab neighbours would act to shore up their security if Tehran were to obtain nuclear weapons. Indirect U.S.-Iranian talks to salvage a 2015 nuclear pact between global powers and Iran, which Washington exited in 2018, stalled in September. The U.N. … Read more