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November 30, 2021

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Gunmen kill four at pipeline works in Nigeria’s oil-rich Delta

Reuters
YENAGOA, Nigeria, Nov 28 (Reuters) – Gunmen have killed four men who were involved in the maintenance on a pipeline owned by the Nigerian subsidiary of Italian oil giant Eni, a local security spokesman told Reuters. The men, two workers, a driver and a security operative, died at a facility......

Factors to watch – November 28

Reuters
DUBAI, Nov 28 (Reuters) – Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Equities, oil prices, U.S. Treasury yields all drop on COVID variant fears Register now for......

Eni sells Snam 49.9% stake in Algeria gas pipelines for 385 mln euros

Reuters
Eni’s logo is seen in front of its headquarters in San Donato Milanese, near Milan, Italy, April 27, 2016. REUTERS/Stefano Rellandini/File Photo Register now for FREE unlimited access to reuters.com Register MILAN, Nov 27 (Reuters) – Italian energy group Eni (ENI.MI) has agreed to sell gas group Snam (SRG.MI) 49.9%......

Germany’s ambitious energy plan hinges on speed, industry warns

Reuters
Workers install solar panels on the roof of a kindergarten in the town of Falkensee near Berlin December 10, 2008. REUTERS/Erik Kirschbaum/File Photo Register now for FREE unlimited access to reuters.com Register No time to be wasted on green plans – Siemens Energy CEO Implementation speed key in hitting ambitious......

Most Latam currencies slip; rate hike prospects lift Brazil’s real

Reuters
Mexican economy shrinks more than expected Brazil’s inflation hits highest in almost 20 years Turkish lira up 0.6%; central bank, banks discuss rates Hungary’s forint pulls away from all-time lows Nov 25 (Reuters) – Latin American currencies lagged emerging market peers on Thursday, with Mexico’s peso hit by shrinking economic......

IEA chief says he hopes OPEC+ will address ‘artificial’ supply gap

Reuters
A gas pump is seen hanging from the ceiling at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo Register now for FREE unlimited access to reuters.com Register LONDON, Nov 24 (Reuters) – The head of the International Energy Agency Fatih Birol said on Wednesday oil markets are......

Shell halves Singapore refining capacity, to change chemical feedstock

Reuters
A general view of Shell’s Pulau Bukom petrochemical complex in Singapore July 15, 2019. REUTERS/Edgar Su/File Photo Register now for FREE unlimited access to reuters.com Register Pulau Bukom refinery capacity cut by half Shell tests pyrolysis oil, bionaphtha feedstock Company considers carbon capture, biofuels SINGAPORE, Nov 23 (Reuters) – Royal......

In the dark: Nigeria’s Maiduguri struggles to recover without power

Reuters
MAIDUGURI, Nigeria, Nov 22 (Reuters) – A whirring machine churns out prints at the Gaza Printing Press in the northeastern Nigerian city of Maiduguri while owner Garba Zango supervises. The copies are perfect, but his costs have lately gone through the roof. The past 10 months have been the toughest......

Yemen’s Houthis say they attacked Saudi cities, Aramco facilities

Reuters
Followers of the Houthi movement carry a mock drone during a rally held to mark the Ashura in Saada, Yemen September 10, 2019. REUTERS/Naif Rahma/File Photo Register now for FREE unlimited access to reuters.com Register CAIRO Nov 20 (Reuters) – Yemen’s Iran-aligned Houthi movement said on Saturday it had fired......

EXCLUSIVE U.S. asks Japan, China, others to consider tapping oil reserves -sources

Reuters
An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson WASHINGTON, Nov 17 (Reuters) – The Biden administration has asked some of the world’s largest oil consuming......

Chevron, Exxon are among top spenders at Biden offshore auction

Reuters
Nov 17 (Reuters) – U.S. oil majors Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) were among the top buyers at a federal auction of oil leases in the U.S. Gulf of Mexico on Wednesday that generated more than $190 million – the highest since 2019. The auction was a......

Natural gas prices in Europe soar on pipeline setback

Reuters
A worker turns a valve at a gas compressor station at the Yamal-Europe pipeline near Nesvizh, some 130 km (81 miles) southwest of Minsk December 29, 2006. REUTERS/Vasily Fedosenko/File Photo Germany regulator suspends pipeline approval process Benchmark EU gas contracts hit one-month high Delays stoke fears of winter gas supply......

Oil prices mixed on tight inventories, demand worries

Reuters
The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann/File Photo Trafigura CEO Weir sees ‘very, very tight’ oil market Oil price rally set to ease as supply rebounds, IEA says Fears of COVID lockdown in Europe, rising......

IEA lifts 2022 average crude oil price assumption to $79.40/bbl

Reuters
An energy installation on a property leased to Devon Energy Production Company by the Catholic Archdiocese of Oklahoma City is seen near Guthrie, Oklahoma September 15, 2015. REUTERS/Nick Oxford LONDON, Nov 16 (Reuters) – The International Energy Agency (IEA) on Tuesday upped its average Brent crude oil price assumption for......

Oil settles mixed on questions over crude supply, demand, strong dollar

Reuters
The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann NEW YORK, Nov 15 (Reuters) – Oil prices settled mixed on Monday as investors wondered whether crude supplies will increase and whether demand will be pressured by the......

Shell proposes single-share structure, tax residence in UK

Reuters
The logo of Royal Dutch Shell is pictured during a launch event for a hydrogen electrolysis plant at Shell’s Rhineland refinery in Wesseling near Cologne, Germany, July 2, 2021. REUTERS/Thilo Schmuelgen Nov 15 (Reuters) – Oil major Shell (RDSa.L) will do away with its dual-share system and keep a single......

Oil rises on higher demand forecasts, tight supplies

Reuters
A pump jack stands idle in Dewitt County, Texas January 13, 2016. REUTERS/Anna Driver U.S. EIA sees gasoline prices up a bit over last month’s outlook U.S. lifts travel restrictions, travelers line up for flights JPMorgan Chase says oil demand nearly back to pre-pandemic level Biden could announce action on......

Russian gas flows resume to Europe, reducing prices and easing fears

Reuters
A worker turns a valve as another worker talks on a phone at a gas compressor station at the Yamal-Europe pipeline near Nesvizh, some 130 km (81 miles) southwest of Minsk, Belarus, December 29, 2006. REUTERS/Vasily Fedosenko Westward gas flows resume on Yamal-Europe pipeline Putin ordered Gazprom to increase supplies......

Eni says it is ahead of schedule on 2030 climate targets

Reuters
A man wearing a face mask walks near the sign of Italian energy Eni company at a gas station in the Red Sea resort of Sharm el-Sheikh, south of Cairo, Egypt February 6, 2021. REUTERS/Amr Abdallah Dalsh/File Photo MILAN, Nov 8 (Reuters) – Italian energy group Eni (ENI.MI) is doing......

China has “long way to go” to meet ecological goals – State Council

Reuters
Smoke stacks and cooling towers of a power plant rise above a low-rise neighborhood that borders a steel plant in Anyang, Henan province, China February 18, 2019. REUTERS/Thomas Peter BEIJING, Nov 7 (Reuters) – China has a “long way to go” on environmental protection, its State Council acknowledged on Sunday,......

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