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May 24, 2022

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Oil drops on recession fears and China COVID curbs

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 IMF chief says she cannot rule out recession Beijing......

Norway oil firm Okea to initiate dividend, buy North Sea assets

Reuters
OSLO, May 23 (Reuters) – Norwegian independent petroleum firm Okea (OKEA.OL) announced its first dividend payment on Monday and separately said it agreed to buy a portfolio of mostly oil-producing North Sea assets from Germany’s Wintershall Dea. Okea, which went public in 2019, said it will pay 0.90 Norwegian crown......

Russia halts gas flow to Finland, intensifies push for Donbas

Reuters
Russia launches assault in Luhansk Russia claims victory after weeks-long siege at Azovstal Russia stops Finland gas flows over payment dispute Russian military says destroyed Western arms in Zhytomyr region KYIV/OSLO, May 21 (Reuters) – Russia stopped providing gas to Finland in an escalation of a row over energy payments......

Russia stops Finland gas flows over payments dispute

Reuters
A view shows valves near a drilling rig at a gas processing facility, operated by Gazprom company, at Bovanenkovo gas field on the Arctic Yamal peninsula, Russia May 21, 2019. Picture taken May 21, 2019. REUTERS/Maxim Shemetov/File Photo Register now for FREE unlimited access to Reuters.com Register OSLO, May 21......

Centennial, Colgate Energy combine to create $7 bln oil producer

Reuters
May 19 (Reuters) – Centennial Resource Development Inc (CDEV.O) and Colgate Energy Partners III LLC have agreed to a merger of equals, the companies said on Thursday, creating a $7 billion Permian Basin-focused U.S. oil and gas producer. The deal comes when global crude prices have surged after sanctions on......

Half of Gazprom’s 54 clients opened Gazprombank accounts, says Russia’s Novak

Reuters
A person is pictured through a window above a Gazprombank branch in Moscow July 17, 2014. REUTERS/Sergei Karpukhin/File Photo Register now for FREE unlimited access to Reuters.com Register May 19 (Reuters) – Half of Russian gas giant Gazprom’s (GAZP.MM) 54 clients have opened accounts at Gazprombank, Deputy Prime Minister Alexander......

Iraq balks at greater Chinese control of its oilfields

Reuters
Iraq persuaded Lukoil to halt sale to Sinopec – sources Baghdad concerned China becoming too dominant – sources Western firms not happy with terms of Iraqi deals LONDON/BASRA, May 17 (Reuters) – Iraq’s oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over......

Casino says it plans to sell renewable energy unit, shares up

Reuters
People walk past a Casino supermarket in Nice, France, January 31, 2022. REUTERS/Eric Gaillard/Files Register now for FREE unlimited access to Reuters.com Register PARIS, May 16 (Reuters) – French retailer Casino (CASP.PA) said in a statement it had launched a process to sell its renewable energy unit GreenYellow with a......

Ukraine restarts gas distribution stations, supplies in Kharkiv

Reuters
May 16 (Reuters) – Ukraine’s gas transit system operator said over the weekend that it had resumed operations at two distribution stations in the Kharkiv region and restarted gas supply to more than 3,000 consumers. Ukraine has scored a series of successes since Russia invaded on Feb. 24, forcing Moscow’s......

Beautiful song shows Ukraine’s bravery, NATO deputy says lauding Eurovision win

Reuters
BERLIN, May 15 (Reuters) – Eurovision and NATO might not usually be associated, but on Sunday the military alliance’s deputy chief congratulated Ukraine for winning the annual music contest with a “beautiful song”, calling it a testament to its bravery in fighting Russia. Foreign ministers from the 30-member alliance NATO......

Chadian police fire tear gas to disperse anti-French protest

Reuters
N’DJAMENA, May 14 (Reuters) – Chadian police fired tear gas and used water canon to disperse hundreds of protesters who took to the streets of the capital and other towns in an anti-French protest that saw the destruction of some French-linked businesses. The protest was called by Chadian civil society......

Oil jumps 4% as U.S. gasoline prices hit record high

Reuters
Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel, and other petroleum products, in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan Register now for FREE unlimited access to Reuters.com Register U.S. gasoline......

Nine U.S. Gulf Coast refineries exceeded federal benzene levels -study

Reuters
HOUSTON, May 12 (Reuters) – Nine U.S. Gulf Coast refineries exceeded the federal regulatory action level between 2018 and 2020 for pollution from benzene, which causes cancer, according to a study by the Environmental Integrity Project (EIP) released on Thursday. The nine are among 56 U.S. refineries with high benzene......

Morning Bid: TGIF – is it over yet?

Reuters
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 5, 2022. REUTERS/Andrew Kelly/Files Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in markets from Dhara Ranasinghe. After a wild ride, markets......

Europe’s gas supply crisis grows after Russia imposes sanctions

Reuters
The logo of Gazprom Germania is pictured at their headquarters, in Berlin, Germany April 1, 2022. REUTERS/Fabrizio Bensch Register now for FREE unlimited access to Reuters.com Register BERLIN, May 12 (Reuters) – Pressure on Europe to secure alternative gas supplies increased on Thursday after Moscow imposed sanctions on European subsidiaries......

NATO to welcome Nordic members as Ukraine pushes back Russian forces

Reuters
Finland to apply to join NATO ‘without delay’ -government Ukraine halts major route for Russian gas to Europe Russia imposes sanctions on Gazprom units in Europe, U.S. Ukraine forces seek to cut Russian battlefield supply lines HELSINKI/KYIV, May 12 (Reuters) – Finland said on Thursday it intended to apply to......

U.S. to kick off latest offshore wind auction for Carolina coast

Reuters
A surfer navigates the wave in Surfside Beach, South Carolina, October 2, 2015. REUTERS/Randall Hill Register now for FREE unlimited access to Reuters.com Register May 11 (Reuters) – Bidding for federal wind energy leases for two areas off the coast of North Carolina and South Carolina kicked off on Wednesday,......

Suncor Energy beats profit estimates, weighs UK portfolio sale

Reuters
The Suncor Energy logo is seen at their head office in Calgary, Alberta, Canada, April 17, 2019. REUTERS/Chris Wattie Register now for FREE unlimited access to Reuters.com Register May 9 (Reuters) – Suncor Energy Inc (SU.TO) exceeded analysts’ estimates for first-quarter profit and boosted dividend by 12% to its highest......

Greece, UAE agree joint investments in energy, other sectors

Reuters
ATHENS, May 9 (Reuters) – Greece and the United Arab Emirates (UAE) on Monday agreed to jointly fund investments worth 4 billion euros ($4.2 billion) in the Mediterranean country and explore further cooperation in the energy sector, the Greek prime minister’s office said. Prime Minister Kyriakos Mitsotakis met with Crown......

Italy impounds luxury yacht linked to Russian president

Reuters
Scheherazade, one of the world’s biggest and most expensive yachts allegedly linked to Russian billionaires, is moored in the harbour of the small Italian town of Marina di Carrara, Italy, March 23, 2022. REUTERS/Jennifer Lorenzini Register now for FREE unlimited access to Reuters.com Register ROME, May 6 (Reuters) – The......

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