EU split on Russian oil price cap level, talks to resume Thursday

EU split on Russian oil price cap level, talks to resume Thursday

BRUSSELS, Nov 23 (Reuters) – European Union governments failed to reach a deal on Wednesday at what level to cap prices for Russian sea-borne oil under the Group of Seven nations (G7) scheme and will resume talks on Thursday evening or on Friday, EU diplomats said. Earlier on Thursday representatives of the EU’s 27 governments … Read more

Oil flows on Druzhba pipeline suspended in parts of Eastern Europe

Oil flows on Druzhba pipeline suspended in parts of Eastern Europe

BUDAPEST/PRAGUE, Nov 15 (Reuters) – Oil supply to parts of Eastern and Central Europe via a section of the Druzhba pipeline has been temporarily suspended, according to oil pipeline operators in Hungary and Slovakia. The extent of the disruption was not immediately clear, and came concurrent with an explosion in a village in eastern Poland … Read more

Gasoline climbs to $1.07 over NYMEX in Los Angeles wholesale market -trade

Gasoline climbs to .07 over NYMEX in Los Angeles wholesale market -trade

HOUSTON, Nov 9 (Reuters) – California gasoline climbed to $1.07 a gallon over NYMEX December gasoline in the Los Angeles wholesale market following a Tuesday night fire at Chevron Corp’s (CVX.N) El Segundo, California, refinery, said West Coast market traders. Traders said California gasoline, called CARBOB, for November delivery opened at $1.00 over the NYMEX … Read more

Putin says power grid strikes were in response to Crimea drone attack

Putin says power grid strikes were in response to Crimea drone attack

Kyiv, other cities suffer power, water outages Putin says missile strikes ‘not all we could have done’ Russia also suspends grain deal role after saying its ships hit Zelenskiy says Russia ‘blackmailing the world with hunger’ KYIV, Nov 1 (Reuters) – President Vladimir Putin said Russian strikes on Ukrainian infrastructure and a decision to freeze … Read more

World is in its ‘first truly global energy crisis’ – IEA’s Birol

World is in its ‘first truly global energy crisis’ – IEA’s Birol

SINGAPORE, Oct 25 (Reuters) – Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of “the first truly global energy crisis”, the head of the International Energy Agency (IEA) said on Tuesday. Rising imports of LNG to Europe amid the Ukraine crisis and … Read more

Nord Stream ruptures revealed as Europe grapples with gas plan

Nord Stream ruptures revealed as Europe grapples with gas plan

Nord Stream leaks discovered in late September Newspaper reports what it calls first images of damage EU proposes energy measures, avoids immediate gas price cap EU seeks to launch new gas price benchmark, joint purchases COPENHAGEN/BRUSSELS , Oct 18 (Reuters) – Damage to the Nord Stream gas pipeline from Russia to Europe was caused by … Read more

‘Powerful explosions’ behind Nord Stream leaks, Danish police say

‘Powerful explosions’ behind Nord Stream leaks, Danish police say

Nord Stream leaks were caused by explosions, Danish police say Police cite preliminary investigations Subsea footage released by daily Expressen Footage shows section missing from Nord Stream 1 – report COPENHAGEN, Oct 18 (Reuters) – A preliminary investigation of damages to the two Nord Stream gas pipelines in the Danish part of the Baltic Sea … Read more

Exclusive – Ukraine nuclear chief: Zaporizhzhia plant does not need Russian fuel

Exclusive – Ukraine nuclear chief: Zaporizhzhia plant does not need Russian fuel

Russia has occupied Zaporizhzhia nuclear power plant Energoatom chief demands the plant’s demilitarisation Two years of fresh fuel supplies stored at plant, he says No word on plant’s detained deputy director KYIV, Oct 13 (Reuters) – The head of Ukraine’s state nuclear energy firm decried as “fake news” on Thursday Moscow’s assertions that the Russian-occupied … Read more

France orders some fuel staff back to work to tackle refineries strike

France orders some fuel staff back to work to tackle refineries strike

PARIS, Oct 11 (Reuters) – The French government on Tuesday said it would requisition staff at some petrol depots as it battles to secure petrol supplies following weeks-long strikes, putting it on a collision course with the hardline CGT union as social tensions rise. After shying away at first from interfering in labour disputes pitting … Read more

Druzhba pipeline leak cuts oil flow to Germany, accident blamed

Druzhba pipeline leak cuts oil flow to Germany, accident blamed

WARSAW, Oct 12 (Reuters) – Poland said on Wednesday a leak in one of the Druzhba pipelines bringing oil from Russia to Europe hit supplies to Germany and was most likely caused by an accident, as Europe remains on high alert over its energy security. The discovery of the leak in the main route carrying … Read more