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(Reuters) – OPEC+ is discussing a delay in a planned output increase next month as oil prices hit their lowest in 9 months, three sources from the producer group told Reuters on Wednesday. Oil prices have been falling together with other asset classes on concerns about a weak global economy and particularly soft data from …
OPEC+ Discussing Delay to Planned Oil Output Hike in October Read More »
Summary Enbridge cuts tariffs by 11% on Mainline system for September Pipelines to ship alternative grades to offset loss of Canadian supply Canadian output expected to grow, filling excess pipeline space HOUSTON, Sept 3 (Reuters) – Pipelines that historically carry Canadian crude to the U.S. are cutting rates and looking to ship different grades of …
Canada’s Trans Mountain Oil Pipeline Expansion Pushes Rivals to Cut Rates, For Now Read More »
(Reuters) – The European Commission is working on tighter rules to ensure EU funding for hydrogen projects benefits European companies, after local industries raised concerns over cheap Chinese imports, the EU’s head of climate change policy said on Monday. The EU will this month launch its next round of funding for green hydrogen projects, as …
EU to Tighten Hydrogen Subsidy Rules After China Concerns Read More »
(Reuters) – The salvage operation of the oil tanker MV Sounion, which was recently attacked by Iran-aligned Houthi militants, is about to begin, the European Union’s mission in the Red Sea, Aspides, said on Monday. Aspides said in a statement that “several fires” continued to burn on the Greek-registered vessel, which is laden with about …
Summary Increase effective from Nov. 1 Tax rate would be among highest in the world Government says change will help shift to renewable energy (Reuters) – British government plans to increase a windfall tax on North Sea oil and gas producers would lead to a nearly 12 billion pound ($16 billion) drop in revenue to …
By Reuters (Reuters) – Iraq plans to offer 10 gas exploration blocks to U.S. companies during an upcoming visit by Oil Minister Hayan Abdel-Ghani to the United States, he announced on Saturday. The move is part of Baghdad’s efforts to attract U.S. investment into its energy sector, following previous licensing rounds where Chinese firms secured the majority of …
Iraq Seeks U.S. Investment in Gas as New Projects Target Energy Independence Read More »
(Reuters) – OPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts by some members to compensate for overproduction counter the impact of sluggish demand, six sources from the producer group told Reuters. Eight OPEC+ members are scheduled to boost output by 180,000 barrels per day …
OPEC+ Likely to Proceed with Planned Output Hike from October Read More »
BP shares have slumped 12% since the end of March, while Shell has risen 3.4% Bloomberg News London’s old-school oil stocks are no longer moving in tandem, as BP Plc underperforms Shell Plc due to concerns over the former’s green-energy transition and the outlook for earnings and shareholder payouts. August is set to mark the fifth-straight month that BP …
BP Stock Falls Behind Shell as Investors Shy Away From Green Energy Read More »
(Reuters) – Japanese start-up Helical Fusion aims to launch the world’s first steady-state nuclear fusion reactor in 2034 and to begin commercial operations in the 2040s, its CEO told Reuters. Despite global efforts to harness fusion, the reaction that powers the sun, to produce emissions-free power, 70 years of research have yet to produce a commercially viable …
Japan Start-up Aims to Launch World’s First Steady-State Fusion Reactor in 2034 Read More »
(Reuters) – Asia’s imports of crude oil lifted in August from the two-year low in July as top-importing heavyweights China, India, South Korea and Japan brought in more barrels. Total imports for August are expected to be 26.74 million barrels per day (bpd), up from July’s 24.56 million bpd, according to data compiled by LSEG …
Asia’s Crude Oil Imports Stage Modest Recovery in August: Russell Read More »
