New premier in Canada’s oil-rich Alberta set to defy Trudeau

New premier in Canada’s oil-rich Alberta set to defy Trudeau

Oct 7 (Reuters) – Alberta’s incoming premier has set the stage for a showdown with Canada’s federal government and push back against federal laws which is likely to set the oil-rich province on a collision course with Prime Minister Justin Trudeau. Danielle Smith, 51, was chosen by members to lead Alberta’s ruling United Conservative Party … Read more

London’s FTSE 100 falls for second day as Shell weighs

London’s FTSE 100 falls for second day as Shell weighs

FTSE 100 down 0.8%, FTSE 250 adds 0.4% Imperial Brands rises on share buyback plan Weaker refining, gas trading to hit Shell’s Q3 results Construction activity improves unexpectedly Oct 6 (Reuters) – UK’s FTSE 100 index fell on Thursday with Shell weighing on the commodity-heavy index after the oil major said its third-quarter profits would … Read more

‘Tax people in this room’ to help the poor, Shell CEO tells energy conference

‘Tax people in this room’ to help the poor, Shell CEO tells energy conference

LONDON, Oct 4 (Reuters) – European governments should tax corporates to help weaker parts of society weather soaring energy costs but not intervene to cap gas prices, Shell (SHEL.L) Chief Executive Officer Ben van Beurden told an energy conference on Tuesday. Speaking before the Energy Intelligence Forum in London, Van Beurden said that European energy … Read more

OPEC+ mulling largest cuts since 2020 crisis, sources say

OPEC+ mulling largest cuts since 2020 crisis, sources say

LONDON, Oct 3 (Reuters) – The OPEC+ group of oil producers is discussing output cuts of more than 1 million barrels per day (bpd), OPEC sources said, and voluntary cuts by individual members could come on top of that, making it their largest cut since 2020. The group is set to meet on Oct. 5 … Read more

Markets open up after Bolsonaro’s strong showing in Brazil vote

Markets open up after Bolsonaro’s strong showing in Brazil vote

SAO PAULO, Oct 3 (Reuters) – Stronger-than-expected support for Brazil’s President Jair Bolsonaro in the first round of a presidential election was cheered by financial markets on Monday, as expected by bankers and analysts after Sunday first round, as the race went to an Oct. 30 runoff. Bolsonaro’s leftist challenger, former President Luiz Inacio Lula … Read more

Bulgarian GERB ahead in election, but coalition outlook uncertain

Bulgarian GERB ahead in election, but coalition outlook uncertain

SOFIA, Oct 2 (Reuters) – Bulgaria’s GERB party of ex-Prime Minister Boyko Borissov looked set for a narrow win in Sunday’s election, the fourth in less two years, as voters sought predictability from a former leader amid steep inflation and the war in Ukraine. Exit polls by Gallup International and Alpha Research showed the centre-right … Read more

Italy’s Eni working with Gazprom to resolve Russian gas flow halt

Italy’s Eni working with Gazprom to resolve Russian gas flow halt

MILAN, Oct 1 (Reuters) – Italy’s Eni (ENI.MI) said it not would receive any of the gas it had requested from Russia’s Gazprom (GAZP.MM) for delivery on Saturday, but the firms said they were working to fix this. Russian gas supplies through the Tarvisio entry point will be at zero for Oct. 1, Eni, the … Read more

Nord Stream rupture may mark biggest single methane release ever recorded -UN

Nord Stream rupture may mark biggest single methane release ever recorded -UN

Sept 30 (Reuters) – The ruptures on the Nord Stream natural gas pipeline system under the Baltic Sea have led to what is likely the biggest single release of climate-damaging methane ever recorded, the United Nations Environment Programme said on Friday. A huge plume of highly concentrated methane, a greenhouse gas far more potent but … Read more

U.S. has much to gain from Nord Stream damage, Russia says at U.N.

U.S. has much to gain from Nord Stream damage, Russia says at U.N.

Sept 30 (Reuters) – The Russian ambassador to the United Nations on Friday told the Security Council that the U.S. has much to gain in gas trade from damage to the Nord Stream pipeline system under the Baltic Sea but stopped short of blaming Washington for this week’s explosions. A council meeting convened at Russia’s … Read more

Q+A Nord Stream gas ‘sabotage’: who’s being blamed and why?

Q+A Nord Stream gas ‘sabotage’: who’s being blamed and why?

WARSAW, Sept 30 (Reuters) – Major leaks that suddenly erupted in the Nord Stream gas pipelines that run from Russia to Europe under the Baltic Sea have generated plenty of theories but few clear answers about who or what caused the damage. Here is what we know and what has been said so far: WHO … Read more