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October 22, 2021

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EXCLUSIVE Mexico postpones low sulfur diesel rule until 2025, ministry says

Reuters
MEXICO CITY, Oct 22 (Reuters) – Mexico on Friday delayed for three years a rule mandating that new trucks and buses use low-sulfur diesel, arguing the fuel is not currently available everywhere in the country, according to an environment ministry official and a document seen by Reuters. COMARNAT, a government......

Exxon looks to buy stake in ONGC’s Indian deep sea fields

Reuters
The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. . REUTERS/Lucas Jackson/File Photo NEW DELHI, Oct 22 (Reuters) – Global oil major ExxonMobil Corp (XOM.N) is looking at buying a stake in some......

Oil rises above $85 a barrel, Brent set for seventh weekly gain

Reuters
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base Brent still trading near three-year high WTI set for ninth weekly gain U.S. inventories low, gasoline demand high LONDON, Oct 22 (Reuters) – Oil prices stayed......

Schlumberger quarterly profit rises as oilfield services demand recovers

Reuters
The exterior of the Schlumberger Corporation headquarters building is pictured in the Galleria area of Houston January 16, 2015. REUTERS/Richard Carson Oct 22 (Reuters) – Schlumberger NV (SLB.N) reported a rise in third-quarter adjusted income on Friday, buoyed by higher demand for the company’s oilfield services and related equipment from......

Biden expects gasoline prices to fall in 2022

Reuters
U.S. President Joe Biden delivers remarks on infrastructure legislation at the Electric City Trolley Museum in Scranton, Pennsylvania, U.S. October 20, 2021. REUTERS/Jonathan Ernst WASHINGTON, Oct 21 (Reuters) – President Joe Biden said on Thursday he expects gasoline prices to fall in 2022 and that any further price reduction depends......

Big nations must stretch further to limit climate change – U.S. envoy Kerry

Reuters
MILAN, Oct 2 (Reuters) – The world’s major economies must “stretch to do more” at next month’s U.N. climate talks to show they are serious about wanting to tackle global warming, U.S. Climate Envoy John Kerry said on Saturday. The COP26 conference in Glasgow aims to secure more ambitious climate......

Fuel shortages remain in south east England but improvements elsewhere

Reuters
LONDON, Oct 2 (Reuters) – Gas stations in London and southeast England continue to suffer a lack of fuel although the situation has improved in northern England and Scotland, the Petrol Retailers Association (PRA) said on Saturday. Britain will from Monday deploy military tanker drivers to deliver fuel after a......

Petrofac considers refinancing as faces possible $240 mln bribery fine

Reuters
LONDON, Oct 2 (Reuters) – British oil services group Petrofac (PFC.L) said it is looking at refinancing options including debt and fresh equity as it faces a possible $240 million fine from a London court. Petrofac decided to plead guilty to seven charges after a four-year Serious Fraud Office (SFO)......

EXCLUSIVE White House, top Democrats agree to boost carbon capture credit in budget bill -sources

Reuters
WASHINGTON, Oct 1 (Reuters) – The White House and top Democratic lawmakers have agreed to boost a tax credit for industrial carbon capture projects in a deal that could help solidify support for the budget reconciliation bill at the heart of President Joe Biden’s economic agenda, two sources with knowledge......

Mexico launches reform to put state in charge of power market

Reuters
Bill aims to concentrate regulatory power with state Bill seeks to reserve future lithium extraction for the state Lopez Obrador faces challenge getting law through Congress MEXICO CITY, Oct 1 (Reuters) – Mexico’s leftist government on Friday pitched a constitutional reform to bolster state control of the electricity market, seeking......

British gas pumps still dry, pig cull fears grow

Reuters
A worker guides vehicles into the forecourt as they queue to refill at a fuel station in London, Britain, September 30, 2021. REUTERS/Hannah McKay Many gas stations still closed – Reuters reporters Britain says crisis stabilising More than a quarter of gas stations dry Pig cull fears: farmers warn butcher......

Ukraine demands sanctions on Russia’s Gazprom after Kyiv loses gas imports

Reuters
An engineer checks the gas distribution system in Beregdaroc, one of several points where Russian gas crosses into the European Union February 10, 2015. REUTERS/Laszlo Balogh Russia-Hungary deal deprives Kyiv of revenue, gas Kyiv wants sanctions on Gazprom Kremlin says criticism is politicised Says Gazprom is meeting all obligations KYIV/MOSCOW,......

Equity, bond funds see inflows as markets hit rough patch – BOFA

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 29, 2021. REUTERS/Brendan McDermid LONDON, Oct 1 (Reuters) – Global equity and bond funds saw modest inflows at the expense of cash and gold funds even as global markets hit a rough......

Asian stocks extend global slide as inflation fears bite

Reuters
A man wearing a protective mask, amid the COVID-19 outbreak, is reflected on an electronic board displaying stock prices outside a brokerage in Tokyo, Japan, September 21, 2021. REUTERS/Kim Kyung-Hoon Asia-Pac stocks fall 1% after decline on Wall St overnight Concerns about inflation-growth outlook send bonds higher Gold in demand,......

Analysis: From chips to ships, shortages are making inflation stick

Reuters
A gas burner is pictured on a cooker in a private home in Bordeaux, soutwestern France, December 13, 2012. REUTERS/Regis Duvignau Analysts still view price pressures as temporary But watching supply, worker shortages closely U.S. seen more at risk from wage-induced inflation LONDON, Sept 30 (Reuters) – Soaring gas prices,......

REUTERS IMPACT China’s Huayou Cobalt seeks lithium as expands battery minerals portfolio

Reuters
Batteries for electric vehicles are manufactured at a factory in Dongguan, China September 20, 2017. REUTERS/Bobby Yip BEIJING, Sept 30 (Reuters) – Zhejiang Huayou Cobalt (603799.SS) is seeking to invest in lithium mining and processing, its executive vice chairman told Reuters, as China’s biggest cobalt refiner strives to expand its......

China power crunch slams factories as coal lobby warns woes could stay until winter

Reuters
SHENYANG, China, Sept 30 (Reuters) – Small firms caught in China’s prolonged energy crunch are turning to diesel generators, or simply shutting shop, as coal industry officials voiced fears about stockpiles ahead of winter and manufacturing shrank in the world’s no. 2 economy. Beijing is scrambling to deliver more coal......

EXCLUSIVE The king of oil bets on batteries for a green world

Reuters
Alex Beard, head of oil at trading firm Glencore, looks on during an interview in Tlalnepantla, state of Mexico, Mexico, August 17, 2017. REUTERS/Ginnette Riquelme/File Photo Beard’s fund to invest in UK battery storage Batteries can cushion shocks and help power trading UK facing energy crisis LONDON, Sept 30 (Reuters)......

Exxon offers new proposal to locked-out Texas refinery workers

Reuters
A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, U.S., May 15, 2021. Picture taken May 15, 2021. REUTERS/Kathleen Flynn/File Photo HOUSTON, Sept 29 (Reuters) – Exxon Mobil Corp (XOM.N) on Wednesday offered its first concession in a new contract proposal to locked-out workers at its Beaumont,......

U.S. trade officials delay decision on new solar tariffs

Reuters
Solar panels are seen at the Desert Stateline project near Nipton, California, U.S. August 16, 2021. Picture taken August 16, 2021. REUTERS/Bridget Bennett/File Photo Sept 29 (Reuters) – The U.S. Commerce Department on Wednesday asked a group of anonymous domestic solar manufacturers for additional information before it would consider a......

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