EU tentatively agrees $60 price cap on Russian seaborne oil

EU tentatively agrees  price cap on Russian seaborne oil

BRUSSELS, Dec 1 (Reuters) – European Union governments tentatively agreed on Thursday on a $60 a barrel price cap on Russian seaborne oil – an idea of the Group of Seven (G7) nations – with an adjustment mechanism to keep the cap at 5% below the market price, according to diplomats and a document seen … Read more

Qatar seals 27-year LNG deal with China as competition heats up

Qatar seals 27-year LNG deal with China as competition heats up

Talks with other Chinese, European buyers ongoing -Kaabi Says buyers may take up to a 5% stake in expansion Says deal signals importance of secure long-term supply DOHA, Nov 21 (Reuters) – QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas in the longest such LNG agreement to date as … Read more

Nord Stream leaks confirmed as sabotage, Sweden says

Nord Stream leaks confirmed as sabotage, Sweden says

Sweden says damage to Nord Stream pipes was “gross sabotage” Traces of explosives found at site during investigations Further probe will determine if any suspects can be identified STOCKHOLM, Nov 18 (Reuters) – Investigators have found traces of explosives at the site of the damaged Nord Stream gas pipelines, confirming sabotage had taken place, a … Read more

Lula’s honeymoon with Brazil markets ends amid spending plan fears

Lula’s honeymoon with Brazil markets ends amid spending plan fears

BRASILIA, Nov 10 (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva’s brief honeymoon with financial markets looked finished on Thursday, as he pushed for more room to grow social spending without setting long-term fiscal rules or naming his top economic policymakers. Brazil’s currency and benchmark Bovespa stock index (.BVSP), which rose last week as … Read more

Glencore employees moved bribes cash by private jet, London court told

Glencore employees moved bribes cash by private jet, London court told

LONDON, Nov 2 (Reuters) – Employees and agents of a British subsidiary of mining and trading group Glencore (GLEN.L) used private jets to transfer cash to pay bribes to oil officials in West Africa, prosecutors told a London court on Wednesday. Glencore Energy UK Limited paid – or failed to prevent the payment of – … Read more

Kremlin: Considering ‘further steps’ over allegation Britain attacked Nord Stream gas pipelines

Nord Stream leaks confirmed as sabotage, Sweden says

This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 1 (Reuters) – Russia said on Tuesday it was considering what “further steps” to take in connection with its allegation that Britain was responsible for an attack on the Nord Stream undersea gas pipelines. Russia’s defence … Read more

Biden calls on oil, gas companies to stop ‘war profiteering,’ threatens windfall tax

Biden calls on oil, gas companies to stop ‘war profiteering,’ threatens windfall tax

WASHINGTON, Oct 31 (Reuters) – U.S. President Joe Biden on Monday called on oil and gas companies to use their record profits to lower costs for Americans and increase production, or pay a higher tax rate, as he battles high pump prices with elections coming in a week. In remarks at the White House, Biden … Read more

Canada raising money for Ukraine with sale of bonds

Canada raising money for Ukraine with sale of bonds

WINNIPEG, Oct 28 (Reuters) – Canada will sell a government-backed, 5-year bond to raise money for Ukraine, the first country to do so, and it will impose new sanctions on 35 Russian individuals, including Gazprom (GAZP.MM) executives, Prime Minister Justin Trudeau said on Friday. “Canadians will now be able to go to major banks to … Read more

Canada raising money for Ukraine with sale of bonds

Canada raising money for Ukraine with sale of bonds

WINNIPEG, Oct 28 (Reuters) – Canada will sell a government-backed, 5-year bond to raise money for Ukraine, the first country to do so, and it will impose new sanctions on 35 Russian individuals, including Gazprom (GAZP.MM) executives, Prime Minister Justin Trudeau said on Friday. “Canadians will now be able to go to major banks to … Read more

Exxon’s record-smashing Q3 profit nearly matches Apple’s

Exxon’s record-smashing Q3 profit nearly matches Apple’s

Oil firm smashes Wall Street forecasts with $19.7 billion profit Exxon’s fossil-fuel bets eclipse rivals Shell, TotalEnergies Company projects flat oil output this year on Russia losses HOUSTON, Oct 28 (Reuters) – Exxon Mobil Corp (XOM.N) on Friday smashed expectations as soaring energy prices fueled a record-breaking quarterly profit, nearly matching that of tech giant … Read more