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July 1, 2022

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Asia spot prices jump amid stronger demand, concerns over Russia

Reuters
by Reuters01
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......
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Japanese asked to save power as country’s east sizzles

Reuters
by Reuters01
TOKYO, July 1 (Reuters) – The highest temperatures for the season since record-keeping began have scorched much of eastern Japan for a week, prompting the government to ask citizens to cut power use as much as possible, while running air conditioners to stay safe. The region around Tokyo hit its......
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China urges U.S. to fulfill climate duties after Supreme Court ruling

Reuters
by Reuters01
BEIJING, July 1 (Reuters) – The United States must meet its international obligations on climate change and do more than “shout slogans”, China’s foreign ministry spokesman Zhao Lijian said on Friday following a U.S. Supreme Court ruling limiting Washington’s ability to cut power sector emissions. The Supreme Court voted to......
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Stocks make tentative start to second half under growth clouds

Reuters
by Reuters00
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Russian Trading System (RTS) Index, Japan’s Nikkei index and the Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, February 25, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to......
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Column: Global business cycle starts to turn down: Kemp

Reuters
by Reuters01
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......
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Supreme Court ruling casts cloud over U.S. leadership in global climate fight

Reuters
by Reuters00
UNITED NATIONS, June 30 (Reuters) – A Supreme Court ruling on Thursday limiting Washington’s authority to reduce carbon output from power plants will hurt global efforts to fight climate change by slowing America’s emissions cuts and undermining U.S. leadership efforts on the international stage, according to diplomats. The conservative court’s......
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Germany in bailout talks with Uniper amid gas crisis

Reuters
by Reuters00
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......
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Gazprom shares dive after dividend cancelled for first time since 1998

Reuters
by Reuters00
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)......
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Stocks sink on fears for global economy, capping worst H1 on record

Reuters
by Reuters00
Share indexes down 1% to 3%, U.S. futures weak Cenbank chiefs reiterate inflation warning this week Sweden’s Riksbank latest to hike rates All eyes on U.S. core prices data due later Graphic: Global asset performance LONDON, June 30 (Reuters) – Stocks sank on Thursday to extend what is the worst......
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Exclusive: EU nears compromise deal to defuse standoff with Russia over Kaliningrad

Reuters
by Reuters00
Kaliningrad depends on rail and road through Lithuania Clampdown on sanctioned freight angers Moscow EU seeks compromise with Lithuania to resume normal trade VILNIUS/BRUSSELS, June 29 (Reuters) – Trade through Lithuania to the Russian exclave of Kaliningrad could return to normal within days, two sources familiar with the matter said,......
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Oil rises as supply concerns outweigh U.S. fuel stocks build

Reuters
by Reuters00
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......
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Column: Oil market confronts U.S. and EU policymakers with unpalatable choices: Kemp

Reuters
by Reuters00
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......
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U.S. power companies face supply-chain crisis this summer

Reuters
by Reuters00
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......
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Stocks mostly slip, yields ease in wake of Powell inflation comments

Reuters
by Reuters00
S&P 500 down slightly early Powell: clock is ‘running’ for Fed on lowering inflation U.S. dollar higher NEW YORK, June 29 (Reuters) – Stocks on global indexes mostly edged lower and Treasury yields eased on Wednesday as investors weighed comments by Federal Reserve Chairman Jerome Powell, who said there is......
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OPEC+ meets with little prospect of pumping more oil

Reuters
by Reuters00
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......
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Doctors, bankers protest ‘impossible situation’ as Sri Lanka runs out of fuel

Reuters
by Reuters01
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......
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Hungary decree allows government to supervise energy firms if needed

Reuters
by Reuters00
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......
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China to cut industrial energy intensity by 13.5% from 2021-2025

Reuters
by Reuters00
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......
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Ecuador president stops talks with ‘opportunist’ indigenous leader

Reuters
by Reuters01
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......
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G7 agrees to explore cap on Russian oil price – communique

Reuters
by Reuters00
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) –......
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