Tag Archives: Bloomberg News Agency

Egypt and the European Union will enhance cooperation in energy, the Egyptian cabinet said after a meeting between Prime Minister Mostafa Madbouly and Frans Timmermans, the EU’s climate chief, in Cairo. The delegations discussed the potential supply of liquefied gas to Europe through regional partnerships in the short term, and …

Ukraine’s gas grid warned that flows through Europe could be affected as Russia and illegal armed forces are disrupting operations at a key compressor station. Occupiers are interfering with operations at the Novopskov gas compressor station in the in Luhansk region, Gas TSO of Ukraine said in a statement. The …

Asian oil buyers will likely purchase more U.S. and Middle Eastern crude on the spot market and may take less contracted supplies from Saudi Arabia after the kingdom hiked its prices to a record. Omani crude was selling for $4 to $4.50 a barrel above its benchmark price on the …

At least 45% of U.S. coal power is set to disappear by the end of the decade, a figure that will likely rise as more utilities conclude their coal-fired plants no longer make financial sense to operate, according to the Institute for Energy Economics and Financial Analysis. Electricity producers have …

Natural gas prices in Europe rose as supply fears intensified amid a push for further sanctions against Russia. Benchmark futures rose as much as 7%. Some European Union members are pushing for the bloc to quickly impose new penalties against Russia after reports of atrocities near Kyiv. German Chancellor Olaf …

Australia stands to gain from a surge in energy prices on prospects that the war in Europe will exacerbate global oil and gas shortages as nations shun supplies from Russia, according to the government forecaster. The disruption to Russian energy exports amid sprawling sanctions on Moscow will keep prices high, …

Poland will strive to stop all Russian oil, gas and coal imports this year, as moves to wean Europe off its dependence on energy supplies from the country over its war in Ukraine intensify. Poland plans to “do everything” to stop importing Russian oil by the end of 2022, Prime …

Saudi Arabia and the United Arab Emirates said the U.S. must trust OPEC+’s strategy, as Washington and other major importers call on the group to hike oil production following Russia’s invasion of Ukraine. Crude prices surged to almost $140 a barrel soon after Moscow’s attack last month, though they’ve eased …

Oil ticked higher ahead of a flurry of high-level diplomatic activity over the month-old war in Ukraine that may see fresh curbs on Russia. West Texas Intermediate climbed toward $110 a barrel after giving up early gains on Tuesday to end slightly lower. European Union and NATO leaders are set …

European natural gas steadied on Tuesday as Russian supplies flow to the continent in line with orders and mild weather keeps demand in check. Dutch futures, the European benchmark, were little changed at 97 euros per megawatt-hour by 8:38 a.m. in Amsterdam, after two days of declines. Prices appear to …