Oil falls on uncertainty over Russian energy embargo by EU
May 11 (Reuters) - Oil edged lower in early Asian trade on Wednesday, sustaining the previous sessions weakness that was caused by risks to demand from an economic recession and on uncertainty about an embargo on Russian oil by the European Union.Bren…
Oil tumbles about 6% as China COVID lockdowns weigh
NEW YORK, May 9 (Reuters) - Oil prices sank about 6% on Monday alongside equities, as continued coronavirus lockdowns in China, the top oil importer, fed worries about the demand outlook.Brent crude fell $6.45, or 5.7%, to settle at $105.94 a barrel. …
OTC 2022: Department of Energy to boost investment in U.S. offshore wind development
HOUSTON (WO) — The offshore wind sector has made huge strides over the last year, putting the industry on track to achieve President Joe Biden’s goal of reaching 30 gigawatts of offshore wind generation by 2030. To ensure its success, the U.S. Depar…
Oil falls as demand concerns weigh against tight supply
May 6 (Reuters) - Oil prices dipped at the start of Asian trade on Friday as worries about an economic downturn that could dampen demand for crude vied with concerns over new sanctions from the European Union against Russia, including an embargo on cr…
Explainer: How Russian oil sanctions could impact Europe
LONDON, May 4 (Reuters) - The European Union has proposed a phased embargo of Russian oil, tightening its sanctions on Moscow for its invasion of Ukraine. What would the impact be of banning Russian barrels in Europe?WHAT DOES THE EU CURRENTLY IMPORT…
Oil eases as China lockdowns weigh on demand outlook
SINGAPORE, April 29 (Reuters) - Oil edged lower on Friday as Chinas COVID-19 lockdowns weighed on the outlook for crude demand, although supply disruption fears as Western sanctions curb crude and products exports from Russia underpinned prices.Brent …
Europe decries 'blackmail' as Russia cuts gas to Poland, Bulgaria
SOFIA/WARSAW, April 27 (Reuters) - Russias Gazprom (GAZP.MM) cut Poland and Bulgaria off from its gas on Wednesday for refusing to pay in roubles, and threatened to do the same to others, cranking up retaliation for Western sanctions imposed for Mosco…
Oil prices extend losses as Shanghai lockdowns hit demand outlook
TOKYO, April 25 (Reuters) - Oil prices extended losses on Monday amid persistent worries that prolonged COVID-19 lockdowns in Shanghai and potential U.S. rate hikes would dent global economic growth and fuel demand.Brent crude futures slid $1.90, or 1…
Oil falls, posts nearly 5% weekly loss on growth concerns
HOUSTON, April 22 (Reuters) - Oil slipped on Friday, posting a weekly loss of nearly 5%, on the prospect of weaker global growth, higher interest rates and COVID-19 lockdowns in China hurting demand even as the European Union considers a ban on Russia…
Ukraine lobbies for cuts in Russian Nord Stream 1 gas shipments
WASHINGTON, April 20 (Reuters) - Ukraine is working behind the scenes to convince Western allies to shift Russias shipments of natural gas from the Nord Stream 1 pipeline to Ukraines pipeline, increasing Kyivs leverage in its conflict with Russia, ene…
Oil prices rise 1% after sinking in previous session
April 20 (Reuters) - Oil prices rose about 1% on Wednesday, gaining back some of their losses during the previous session on concerns about energy demand after the International Monetary Fund (IMF) cut its economic growth forecasts.However, the demand…
Mexico lower house backs mining law change to nationalize lithium
MEXICO CITY, April 18 (Reuters) - Mexicos lower house of Congress on Monday passed an amendment to mining legislation in order to nationalize the countrys lithium reserves, a day after the bill was sent to lawmakers by President Andres Manuel Lopez Ob…
TotalEnergies, ENEOS launch study for SAF production at Negishi refinery
TotalEnergies SE and ENEOS Corp. Ltd. are conducting a joint feasibility study to assess potential future production of sustainable aviation fuel (SAF) at ENEOS’s 270,000-b/d Negishi refinery in Yokohama City, Kanagawa Prefecture, Japan.Already under…
Oil rises on news EU may phase in a ban on Russian oil imports
HOUSTON, April 14 - Oil prices settled higher on Thursday after an early decline as investors covered short positions ahead of the long weekend and on news that the European Union might phase in a ban on Russian oil imports.Brent futures settled up $2…
Oil markets open slightly lower as market weighs mixed supply signals
April 14 - Oil futures were down slightly Thursday morning, after rising sharply in the first half of the week, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply.Brent futures were down 38 cents, or 0.…
Saudi Arabia leads OPEC decision to drop IEA data as US ties fray
DUBAI, April 12 (Reuters) - A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the Wests energy watchdog reflected concern about U.S. influence on the figures, sources close to the matter said, adding to strain on ties betwee…