GARMISCH-PARTENKIRCHEN, Germany, June 27 (Reuters) – Two top OPEC oil producers, Saudi Arabia and the United Arab Emirates, can barely increase oil production, French President Emmanuel Macron on Monday said he had been told by the UAE’s president. Saudi Arabia and the UAE have been perceived as the only two countries in the Organization of … Read more
Crude oil storage tanks are seen at the Kinder Morgan terminal in Sherwood Park, near Edmonton, Alberta, Canada November 14, 2016. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register HOUSTON, June 27 (Reuters) – Oil prices traded higher on Monday in a volatile session as investors waited for any moves against Russian … Read more
SCHLOSS ELMAU, Germany, June 27 (Reuters) – The Group of Seven rich democracies will commit on Tuesday to a new package of coordinated actions meant toraise pressure on Russia over its war in Ukraine, and will finalize plans for a price cap on Russian oil, a senior U.S. official said on Monday. The announcement came … Read more
QUITO, June 26 (Reuters) – Ecuadorean President Guillermo Lasso said on Sunday he would cut prices for gasoline and diesel by 10 cents a gallon, the latest concession to try to end nearly two weeks of anti-government protests in which at least six people have died. The sometimes-violent demonstrations by largely indigenous protesters demanding lower … Read more
Pressure gauges are seen at Zsana Storage Site in Zsana, Hungary, May 20, 2022. REUTERS/Bernadett Szabo Register now for FREE unlimited access to Reuters.com Register LONDON, June 24 (Reuters Breakingviews) – Germany is facing a sudden acceleration of its gas crisis. A 60% drop in Russian supplies since early June threatens to plunge Europe’s biggest … Read more
Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke//File Photo Register now for FREE unlimited access to Reuters.com Register West, Russia in energy standoff since Ukraine invasion German minister warns of ‘rocky road’ ahead Minister does not rule out gas rationing Russian … Read more
Canada’s Minister of the Environment and Climate Change Jonathan Wilkinson takes part in a news conference at the Ornamental Gardens in Ottawa, Ontario, Canada November 19, 2020. REUTERS/Blair Gable/File Photo Register now for FREE unlimited access to Reuters.com Register OTTAWA, June 22 (Reuters) – The G7 is likely to discuss the fate of a Russian … Read more
Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke Register now for FREE unlimited access to Reuters.com Register BRUSSELS/OSLO June 22 (Reuters) – The European Union will temporarily shift back to coal to cope with dwindling Russian gas flows without derailing longer … Read more
BRUSSELS, June 21 (Reuters) – Ukraine is set to become an official candidate for European Union membership on Thursday in a symbolic but morale-boosting decision following Russia’s invasion, ministers and diplomats said on Tuesday. EU leaders in Brussels are expected to sign off on last week’s recommendation by the European Commission, the EU executive. After … Read more
Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now for FREE unlimited access to Reuters.com Register Germany may take ‘painful’ move to fire up coal power Italy, Austria also looking at burning more coal Surging gas prices add to … Read more