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January 28, 2022

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Oil rises, headed for sixth weekly gain, amid supply concerns

Reuters
Towers and smokestacks are silhouetted at an oil refinery in Melbourne June 21, 2010. REUTERS/Mick Tsikas/File Photo Register now for FREE unlimited access to Reuters.com Register Brent, WTI headed toward 7-year-highs hit Thursday Both benchmarks gain 15% so far this year Russia, U.S. keep door open to Ukraine diplomacy China’s......

Column: Commodity prices likely to be hit by slowdown before end of 2023: Kemp

Reuters
An employee works near a mixer of fused aluminium in Krasnoyarsk, Russia, July 27, 2016. Register now for FREE unlimited access to Reuters.com Register LONDON, Jan 27 (Reuters) – Prices for a wide range of commodities have climbed to their highest level for seven years or more as drillers, miners......

Finland’s UPM sees headwinds from disrupted supply chains

Reuters
HELSINKI, Jan 27 (Reuters) – Finnish forestry company UPM said on Thursday it sees headwinds and extra costs ahead from disrupted global supply chains, leaving investors disappointed with its growth expectations for the first half of the year. The pulp, paper and biofuel maker saw its shares sink more than......

U.S. yields rise, Asian shares and European futures tumble as Powell warns on inflation

Reuters
Passersby wearing protective face masks walk past a stock quotation board, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan January 25, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register MSCI Asia ex-Japan falls 2%, lowest since Nov. 2020 Powell warns inflation above long-run goal Fed......

Top U.S. oil states vie for carbon capture oversight to speed up permits

Reuters
Jan 26 (Reuters) – Top U.S. oil-producing states are trying to wrest oversight of carbon capture wells from federal regulators, hoping to speed the oil industry’s preferred approach to combating climate warming amid calls for limits on fossil fuel production. Companies are proposing carbon capture and storage (CCS) hubs to......

Wall Street, oil up as Fed signals rate hikes could come ‘soon’

Reuters
Fed says rates could rise ‘soon’ Nasdaq leads U.S. indices higher, up over 2% Oil hits highest level since 2014 WASHINGTON, Jan 26 (Reuters) – U.S. stocks maintained gains Wednesday even after the Federal Reserve signaled an interest rate hike could be coming soon, while tension between Russia and Ukraine......

Blinken says U.S. responds to Russia’s demands, seeks dialogue

Reuters
U.S. ambassador delivers reply to Russian Foreign Ministry Kremlin: personal sanctions on Putin would not harm him Russia keeps up pressure with land and sea exercises Four-way talks on east Ukraine drag on in Paris MOSCOW/WASHINGTON, Jan 26 (Reuters) – The United States delivered written replies on Wednesday to sweeping......

French power output reduced by ongoing strike

Reuters
A banner is seen on a fence at France’s oldest Electricite de France (EDF) nuclear power plant near the eastern French village of Fessenheim, France February 20, 2020. The banner reads: “No! To closing Fessenheim”. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register PARIS, Jan 26 (Reuters)......

Oil slips as investors lock in profits ahead of Fed update

Reuters
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Picture taken March 24, 2016. REUTERS/Nick Oxford//File Photo Register now for FREE unlimited access to Reuters.com Register API data shows U.S. crude stocks fall – market sources Investors await Wednesday’s Fed......

Biden warns Putin with sanctions as West steps up Ukraine defenses

Reuters
Tensions high after Russia masses troops near Ukraine Biden threatens sanctions on Putin if there is an invasion U.S., others discuss ways to protect energy supplies WASHINGTON/MOSCOW, Jan 25 (Reuters) – U.S. President Joe Biden said on Tuesday he would consider personal sanctions on President Vladimir Putin if Russia invades......

Column: China slashing crude stockpiling ends oil demand growth driver: Russell

Reuters
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register LAUNCESTON, Australia, Jan 25 (Reuters) – China’s stockpiling of crude oil ground to almost a halt in 2021, reversing years......

Talks between oil companies, U.S. union intensify as deadline nears

Reuters
General view of the Marathon petroleum refinery in Carson, California, U.S., December 5, 2019. REUTERS/Mike Blake/File Photo Register now for FREE unlimited access to Reuters.com Register HOUSTON, Jan 24 (Reuters) – Talks for a new national contract for U.S. refinery and chemical plant workers intensified on Monday between the United......

Oil falls 2% as Fed rate hike talk spooks risk markets

Reuters
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson Register now for FREE unlimited access to Reuters.com Register Barclays raises 2022 oil price view by $5 a......

EXCLUSIVE Renault, Nissan, Mitsubishi to unveil 2030 EV plan this week

Reuters
To launch over 30 battery EVs based on 5 platforms – sources Targets compact EVs as cheap as gasoline cars by 2025 – sources Jan 23 (Reuters) – Renault SA (RENA.PA), Nissan Motor Co and Mitsubishi Motors Corp (7211.T) plan to triple their investment to jointly develop electric vehicles (EVs),......

Asia shares tense as Fed looms, Ukraine a concern

Reuters
TV camera men wait for the opening of market in front of a large screen showing stock prices at the Tokyo Stock Exchange in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register Asian stock markets : Nikkei off 1%, Wall St futures......

South32 warns of labour issues from pandemic as quarterly coking coal output falls

Reuters
The logo of Australian miner South32 can be seen at the venue of a media conference in Perth, Western Australia, November 18, 2015. REUTERS/David Gray Register now for FREE unlimited access to Reuters.com Register Jan 24 (Reuters) – Australia’s South32 Ltd (S32.AX) on Monday warned of potential impact from workforce......

Eastward Yamal gas flows from Germany to Poland remain steady

Reuters
A worker checks pipes at a gas compressor station on the Yamal-Europe pipeline near Nesvizh, some 130 km (81 miles) southwest of Minsk December 29, 2006.REUTERS/Vasily Fedosenko/File Photo Register now for FREE unlimited access to Reuters.com Register MOSCOW, Jan 23 (Reuters) – Gas flows from Germany to Poland via the......

Germany mulls scrapping energy bill surcharge early as prices rise

Reuters
A gas meter is pictured in the cellar of a home in Bad Honnef, near Bonn, Germany, January 4, 2022 as energy costs in the EU reach new levels. REUTERS/Wolfgang Rattay Register now for FREE unlimited access to Reuters.com Register BERLIN, Jan 22 (Reuters) – The German government may scrap......

Union faults BP’s proposals in local refinery negotiations

Reuters
An illuminated BP logo is seen at a petrol station in Chester-le-Street, Durham, Britain September 23, 2021. REUTERS/Lee Smith Register now for FREE unlimited access to Reuters.com Register HOUSTON, Jan 21 (Reuters) – The United Steelworkers union (USW) on Friday said proposals by energy giant BP Plc would undermine its......

‘Smells like death’: Peru oil spill clear-up drags on as fishermen count cost

Reuters
LIMA, Jan 21 (Reuters) – Spanish energy firm Repsol (REP.MC) said on Friday a clear-up operation for a major oil spill on the coast near Peru’s capital Lima would take until the end of February, in an environmental incident declared a ‘catastrophe’ by the government. Dead seals, fish and birds......

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