French energy giants urge consumers to cut energy use

French energy giants urge consumers to cut energy use

A couple of stork stands in a nest on the top of a pylon of high-tension electricity power lines in front of a smoke stack of the Electricite de France (EDF) coal-fired power plant of Cordemais in Bouee, France, February 25, 2022. REUTERS/Stephane Mahe Register now for FREE unlimited access to Reuters.com Register PARIS, June … Read more

Germany triggers gas alarm stage, accuses Russia of ‘economic attack’

Germany triggers gas alarm stage, accuses Russia of ‘economic attack’

West, Russia in energy standoff since Ukraine invasion German minister warns of ‘rocky road’ ahead Minister does not rule out gas rationing Says market threatened by ‘Lehman Brothers’ moment Alarm stage decision does not change status quo: E.ON BERLIN, June 23 (Reuters) – Germany triggered the “alarm stage” of its emergency gas plan on Thursday … Read more

Biden blasts oil refiners for record high gasoline prices, profits

Biden blasts oil refiners for record high gasoline prices, profits

Gas prices over the $6.00 mark are advertised at a 76 Station in Santa Monica, California, U.S., May 26, 2022. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 15 (Reuters) – U.S. President Joe Biden on Wednesday demanded oil refining companies explain why they are not putting more gasoline on … Read more

London stocks hit more than three-week low on UK slowdown fears

London stocks hit more than three-week low on UK slowdown fears

A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. REUTERS/Suzanne Plunkett Register now for FREE unlimited access to Reuters.com Register FTSE 100 down 0.9%, FTSE 250 off 1.3% June 13 (Reuters) – UK shares fell to their lowest level in more than three weeks … Read more

U.S. gasoline average price tops $5 per gallon in historic first

U.S. gasoline average price tops  per gallon in historic first

June 11 (Reuters) – The price of U.S. gasoline averaged more than $5 a gallon for the first time on Saturday, data from the AAA showed, extending a surge in fuel costs that is driving rising inflation. The national average price for regular unleaded gas rose to $5.004 a gallon on June 11 from $4.986 … Read more

Facing record inflation, Biden chides Exxon, oil companies for profits

Facing record inflation, Biden chides Exxon, oil companies for profits

U.S. President Joe Biden speaks during the opening plenary session at the Ninth Summit of the Americas in Los Angeles, California, U.S., June 9, 2022. REUTERS/Daniel Becerril Register now for FREE unlimited access to Reuters.com Register LOS ANGELES, June 10 (Reuters) – U.S. President Joe Biden on Friday accused the U.S. oil industry, and Exxon … Read more

Freeport LNG plant to shut for 3 weeks, roiling global energy markets

Freeport LNG plant to shut for 3 weeks, roiling global energy markets

HOUSTON, June 8 (Reuters) – Freeport LNG, operator of one of the largest U.S. export plants producing liquefied natural gas (LNG), will shut for at least three weeks following an explosion at its Texas Gulf Coast facility. The fire roiled U.S. natural gas markets on Wednesday and the impact is likely to spread through Europe … Read more

EXCLUSIVE U.S. to let Eni, Repsol ship Venezuela oil to Europe for debt -sources

EXCLUSIVE U.S. to let Eni, Repsol ship Venezuela oil to Europe for debt -sources

HOUSTON/WASHINGTON, June 5 (Reuters) – Italian oil company Eni SpA and Spain’s Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian crude, five people familiar with the matter said, resuming oil-for-debt swaps halted two years ago when Washington stepped up sanctions on Venezuela. The volume … Read more

Russia widens Europe gas cuts and halts Dutch, Danish and German contracts

Russia widens Europe gas cuts and halts Dutch, Danish and German contracts

A 3D printed natural gas pipeline is placed in front of displayed Gazprom logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register Gazprom says it cuts off supply to GasTerra, Orsted and Shell Russians cite refusal to pay in roubles Move a day after … Read more

Ukraine troops hold out as Russia assaults Sievierodonetsk wasteland

Ukraine troops hold out as Russia assaults Sievierodonetsk wasteland

Russian forces advance slowly on Sievierodonetsk city centre Thousands of civilians trapped in Sievierodonetsk EU resolves impasse over Russian oil ban KYIV, May 31 (Reuters) – Ukrainian forces were still holding out in Sievierodonetsk on Tuesday, resisting Russia’s all-out assault to capture a bombed-out wasteland that Moscow has made the principal objective of its invasion … Read more