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Asia spot prices jump amid stronger demand, concerns over Russia

Reuters
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register LONDON, July 1 (Reuters) – Asian spot liquefied natural gas (LNG) prices continued to rise this week......

Column: Global business cycle starts to turn down: Kemp

Reuters
An aerial view shows containers and cargo vessels at the Qingdao port in Shandong province, China May 9, 2022. China Daily via REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, June 30 (Reuters) – Global manufacturing activity and freight movements have begun to decelerate as the major......

Germany in bailout talks with Uniper amid gas crisis

Reuters
First German company to raise alarm over scarce gas, prices Gas stocks lowest since early 2017 Fortum says will help but crisis requires big efforts Works council wants German government to step in FRANKFURT/DUESSELDORF/BERLIN, June 30 (Reuters) – Germany’s Uniper (UN01.DE) is in talks about a possible government bailout as......

Gazprom shares dive after dividend cancelled for first time since 1998

Reuters
Logo of the Russian energy company Gazprom is seen on а station in Sofia, Bulgaria, April 27, 2022. REUTERS/Spasiyana Sergieva Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, June 30 (Reuters)......

Indian shares suffer worst quarter since pandemic-hit start of 2020

Reuters
A general view of the Bombay Stock Exchange (BSE) in Mumbai, India, January 21, 2021. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, June 30 (Reuters) – Indian shares on Thursday ended lower and clocked their worst quarter since the early days of the pandemic, beset......

Oil rises as supply concerns outweigh U.S. fuel stocks build

Reuters
Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo Register now for FREE unlimited access to Reuters.com Register SINGAPORE, June 30 (Reuters) – Oil prices edged higher on Thursday after dipping in......

Column: Oil market confronts U.S. and EU policymakers with unpalatable choices: Kemp

Reuters
LONDON, June 29 (Reuters) – With global inventories steadily falling and spare capacity eroding, the oil market resembles a geological fault line in which stress is quietly accumulating and will eventually be relieved by an earthquake of as yet unknown magnitude. The most likely stress relief will come from a......

U.S. power companies face supply-chain crisis this summer

Reuters
June 29 (Reuters) – U.S. power companies are facing supply crunches that may hamper their ability to keep the lights on as the nation heads into the heat of summer and the peak hurricane season. Extreme weather events such as storms, wildfires and drought are becoming more common in the......

OPEC+ meets with little prospect of pumping more oil

Reuters
A person operates a tap of crude oil during the destruction of Bakana ii illegal camp, in Okrika, Rivers state, Nigeria January 28, 2022. REUTERS/Afolabi Sotunde/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 29 (Reuters) – OPEC and OPEC+ began two days of meetings on......

Doctors, bankers protest ‘impossible situation’ as Sri Lanka runs out of fuel

Reuters
Doctors, bankers, teachers march to demand solution for crisis Struggle for fuel delays health workers in getting to work Ministers look for help from Russia COLOMBO, June 29 (Reuters) – Doctors and bankers were among hundreds of Sri Lankans who marched on Wednesday to demand the government resolve a severe......

Hungary decree allows government to supervise energy firms if needed

Reuters
Gas pipelines 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 BUDAPEST, June 29 (Reuters) – Hungary has passed a decree empowering the government to take over the supervision of vital energy firms and the gas......

China to cut industrial energy intensity by 13.5% from 2021-2025

Reuters
People walk past a China Energy coal-fired power plant in Shenyang, Liaoning province, China September 29, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register SHANGHAI, June 29 (Reuters) – China will reduce its industrial energy consumption per unit of output by 13.5% over the 2021-2025 period......

Ecuador president stops talks with ‘opportunist’ indigenous leader

Reuters
Indigenous leader Leonidas Iza speaks during a meeting with demonstrators before an anti-government protest amid a stalemate between the government of President Guillermo Lasso and largely indigenous demonstrators who demand an end to emergency measures, in Quito, Ecuador June 23, 2022. REUTERS/Karen Toro Register now for FREE unlimited access to......

G7 agrees to explore cap on Russian oil price – communique

Reuters
G7 invites other nations to explore cap on Russian oil price G7 will commit up to $5 bln to fight hunger – U.S. official Agree to push for Russian gold ban – EU official G7 leaders commit to climate club, make carbon-cutting pledges SCHLOSS ELMAU, Germany, June 28 (Reuters) –......

Bank of Italy plays down talk of early Visco exit

Reuters
Ignazio Visco, governor of Bank of Italy, speaks during an event to launch the private finance agenda for the 2020 United Nations Climate Change Conference (COP26) at Guildhall in London, Britain, February 27, 2020. Tolga Akmen/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register ROME, June 28......

Oil extends gains as major producers flag capacity limits

Reuters
Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant/ Register now for FREE unlimited access to Reuters.com Register MELBOURNE/SINGAPORE, June 28 (Reuters) – Oil prices rallied for a third day on Tuesday as......

Macron tells Biden that UAE, Saudi can barely raise oil output

Reuters
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......

G7 to stand with Ukraine ‘for as long as it takes’

Reuters
G7 to work with other countries, private sector on oil price cap Emerging countries decline to criticise Russia over Ukraine Japan tries to cut zero-emission vehicles goal from G7 statement SCHLOSS ELMAU, Germany, June 27 (Reuters) – The Group of Seven club of wealthy nations on Monday vowed to stand......

Young activists dismiss ‘vague’ G7 climate pledges at summit

Reuters
A general view of G7 leaders meeting with outreach guests for the working session of the G7 leaders’ summit at the Bavarian resort of Schloss Elmau, near Garmisch-Partenkirchen, Germany, June 27, 2022. REUTERS/Lukas Barth/Pool Register now for FREE unlimited access to Reuters.com Register GARMISCH-PARTENKIRCHEN, Germany, June 27 (Reuters) – Climate......

Sri Lanka stops fuel supply to non-essential services as crisis worsens

Reuters
Fuel stocks set to run out in days without curbs Supplies only to essentials from Tuesday untl July 10 Regulator hopes to keep power cuts at 3-4 hrs/daily for 2 months COLOMBO, June 27 (Reuters) – Sri Lanka will shut schools and only allow fuel supplies to services deemed essential......

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