Gazprom could cut off gas to Moldova if the contract is not signed in December

Natalia Gavrilita speaks in Parliament before her approval as the country’s new Prime Minister of Chisinau, Moldova 6 August 2021. REUTERS / Vladislav Culiomza Moldova’s contract with Gazprom expired at the end of September Gazprom extended it to October Moldova owes Gazprom $ 709 million For previous deliveries Moldova asked Gazprom to reduce price sources … Read more

EU leaders lock horns over the reaction to the rise in energy prices

BRUSSELS, October 21 (Reuters) – EU leaders on Thursday struggled to agree on a joint response to rising energy prices, which has revealed well-known divisions in relation to the bloc’s climate goals and divided countries on whether the price crisis justifies a revision of the EU energy market rules. The European Commission last week released … Read more

RPT EXCLUSIVE US Slows Oil & Gas Fusion Resources

NEW YORK/WASHINGTON, Oct. 21 (Reuters) – US antitrust regulators have extended the approval process for at least five oil and gas mergers and acquisitions in the past three months as President Joe Biden’s administration scrutinizes deals to stem soaring energy prices , according to regulatory filings and corporate lawyers. The slowdown comes amid mounting pressure … Read more

Global oil refineries ramp up production as margins recover to pre-COVID levels

Petrol and diesel margins are recovering globally as COVID-19 eases Global inventories of oil products fall to lowest level since 2014 – FGE Maintenance, high natural gas prices to limit supply in the fourth quarter Asian crude rises to 29.5m bpd in Q4, up 1.4% yoy – FGE Formosa processes 400,000 bpd in November, 5-8% … Read more

The plans of large fossil fuel producers far exceed the climate goals, says the UN

A maze of crude oil pipes and valves is depicted during a tour of the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, USA June 9, 2016. REUTERS / Richard Carson – S1AETIZMOIAB / File Photo UN report points to large increases in coal, gas, oil production Report results based on analysis … Read more

Oil prices rise to year-long high as COVID recovery, power generators boost demand

General view of Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia, May 21, 2018. REUTERS/Ahmed Jadallah Brent hits most since October 2018, WTI highest since October 2014 US drillers add oil and gas rigs for sixth straight week China cuts import quotas for independent oil refineries SINGAPORE, Oct. 18 (Reuters) – … Read more

Hungry for fuel, China looks to the US, Europe looks to aid plans

A coal-fired power plant can be seen in the city of Baotou, in China’s autonomous region of Inner Mongolia, October 31, 2010. REUTERS / David Gray Chinese companies in negotiations with US LNG suppliers – sources Coal prices hit record highs in China due to shortages Poland, Germany are taking steps to support consumers Oil … Read more

EXCLUSIVE China appears to retain LNG in US as energy crisis raises concerns

SINGAPORE/NEW YORK, Oct. 15 (Reuters) – Major Chinese energy companies are in advanced talks with US exporters to secure long-term supplies of liquefied natural gas (LNG) as rising gas prices and domestic power shortages raise concerns about fuel security of expanding the country, several sources said. At least five Chinese companies, including major state Sinopec … Read more

China’s coal prices hit record highs, early winter chilly cold adds to energy problems

Fishermen sail a boat past a power plant of the State Development and Investment Corporation (SDIC) outside Tianjin, China, October 14, 2021. REUTERS/Thomas Peter Chinese coal price reaches record high Power reform comes into effect Cold winds from the north blow through central and eastern China China’s Met Office predicts sharp temperature drops BEIJING, Oct. … Read more

Price squeeze: world economy caught in perfect storm

British chicken king says 20 years of cheap food is over IEA says energy crisis could threaten economic recovery Cold keeps coal prices high in China, power outage continues Biden targets bottlenecks threatening vacation sales LONDON/TOKYO, Oct. 14 (Reuters) – From beef bowls in Tokyo to chicken breast rolls in London, consumers are beginning to … Read more