The European Union is retreating from imposing a price cap on Russian gas, but pushing ahead with windfall taxes on energy companies’ surplus profits, the Guardian reported on Tuesday, citing Continue Reading
French farmers are collecting their smallest corn crop in more than three decades, highlighting the massive toll that summer drought has wrought on Europe’s food supplies. Heat and dryness gripped Continue Reading
Natural gas prices fell for a third day as the European Union pushes ahead with its market intervention to ease the worst energy crisis in decades. Benchmark prices dropped as Continue Reading
Germany is set to use a fund created to help companies cope with the economic hit from the pandemic to provide loan guarantees for struggling energy firms, according to a Continue Reading
China and India hold the key to the success, or failure, of a price cap on Russian oil proposed by the G7. Asia’s largest oil consumers are expected to buy Continue Reading
Oil wiped out an earlier decline as a slump in the dollar offset mounting concerns that global demand is weakening. The global Brent benchmark rose to trade near $94 a Continue Reading
Oil prices rose on Monday as Iranian nuclear talks appeared to hit obstacles and an embargo on Russian oil shipments loomed, with tight supply struggling to meet still robust demand. Continue Reading
Saudi Arabia will supply the full contractual volumes to at least three customers in North Asia, sources familiar with refiners’ allocations from the world’s top crude oil exporter told Reuters Continue Reading
Israel does not anticipate a renewal of Iran’s nuclear deal with world powers before the U.S. mid-term elections in November, an Israeli official said on Sunday, after European parties to Continue Reading
Nigeria’s oil sector challenges appear to be worsening, with production hitting a record low of 972,394 barrels per day in August, according to data obtained from the Nigerian Upstream Petroleum Continue Reading
