Tag Archives: Reuters International News Agency

U.S. energy companies are urgently building their cyberattack insurance coverage following the Colonial Pipeline network attack earlier this month, Reuters has reported, adding that premiums were likely to rise on this increased demand. A ransomware attack shut down the largest fuel pipeline in the United States two weeks ago, causing …

China gave five state-owned companies until Thursday to report on their historic use of imported oil as part of a broader effort by the world’s largest oil importer to control shipments as domestic supplies swell. In an “urgent notice” dated May 25 and reviewed by Reuters, the National Development and …

Oil prices fell on Thursday but stayed within the tight range set this week, with optimism about the northern hemisphere summer driving season in the US and Europe offsetting concern about demand in India and a potential increase in Iranian supplies. Brent fell 57 US cents, or 0.8%, to $68.30 …

U.S. President Joe Biden on Tuesday said he decided to waive sanctions against the company behind the Nord Stream 2 gas pipeline because the project was nearly complete, and doing so could have harmed ties with Europe. Biden, who is preparing for his first visit to Europe and his first …

Oil prices were steady on Tuesday, holding around one-week highs after jumping more than 3% the previous session as investors tempered expectations of an early return of oil exporter Iran to international crude markets. Brent crude futures were down 1 cent at $68.45 a barrel by 0701 GMT, having jumped …

OPEC has said that an IEA report suggesting that investors should not fund new oil projects to curb emissions could lead to oil-price volatility if it is acted on. The International Energy Agency on Tuesday said investors should not fund new oil, gas and coal supply projects if the world …

The European Union’s landmark rules to classify green investments may need to accommodate natural gas, the European Commission said on Monday, as Brussels weighs a politically fraught decision on how to treat the fossil fuel. The Commission last month published its “sustainable finance taxonomy”, a list of economic activities that …

French energy group Total has started production at its Angolan Zinia Phase 2 project, which has estimated resources of 65 million barrels of oil, it said on Thursday. Total added that the development of the project was carried out according to schedule and for capital expenditure more than 10% below …

OPEC’s share of India’s oil imports fell to the lowest in at least two decades in the year to the end of March as overall purchases by Asia’s third largest economy fell to a six-year low, data obtained from industry and trade sources showed. Total crude imports by the world’s …

UAE oil storage company BPGIC is in advanced talks to buy a green energy firm as it aims to diversify its business and contribute to the global push to fight climate change, an industry source close to the discussions told Reuters. Brooge Petroleum and Gas Investment Co (BPGIC) is in …