Tag Archives: Reuters International News Agency

Japan’s government pledged financial and technological support to help ASEAN countries accelerate their efforts to decarbonise their economies and combat global climate change, its industry minister said on Saturday. Energy-poor Japan aims to turn into the world’s leading hydrogen economy to reduce dependence on traditional polluting fossil fuels such as …

Germany needs to use all energy options available to bring down high prices and protect certain sectors of the economy, Finance Minister Christian Lindner said on Wednesday. “We need to change our energy policy to be adapted to the new realities,” he said at an event organised by the BVMW …

Russia renewed its calls on Sweden late on Monday to share its findings from the ongoing investigation into the explosions that damaged the Nord Stream gas pipelines last year. The U.N. Security Council will meet on Tuesday to discuss “sabotage” after Moscow asked for an independent inquiry into the September …

The United States should try to prove it was not behind the destruction of the Nord Stream gas pipelines that connected Russia to Western Europe, the Russian embassy to the United States said on Thursday. Moscow considers the destruction of Nord Stream 1 and Nord Stream 2 pipelines last September …

OPEC has raised its 2023 forecast for global oil demand growth in its first upward revision for months, citing China’s relaxation of COVID-19 restrictions and slightly stronger prospects for the world economy. Global oil demand will rise this year by 2.32 million barrels per day (bpd), or 2.3%, the Organization …

Oil prices fell on Tuesday after the U.S. government said it would release more crude from its Strategic Petroleum Reserve (SPR) as mandated by lawmakers, defying expectations from some traders that the release could be cancelled or delayed. Brent crude futures fell by 70 cents, or 0.81%, to $85.91 per …

China National Petroleum Corp (CNPC) is close to finalising a deal to buy liquefied natural gas (LNG) from QatarEnergy over nearly 30 years from the Middle Eastern exporter’s massive North Field expansion project, three people with knowledge of the matter said. If sealed, this would be the second such deal …

NATO should hold an emergency meeting to discuss recent findings about September explosions at the Nord Stream gas pipelines, Russia’s Foreign Ministry spokeswoman Maria Zakharova said late on Saturday. Investigative journalist Seymour Hersh, who won a Pulitzer Prize in 1970, said in a blog post on Wednesday, citing an unidentified …

Oil prices fell on Monday, giving up earlier gains, as global producers this week will likely keep output unchanged during a meeting this week and investors are cautious ahead of a U.S. Federal Reserve meeting that may spur market volatility. Brent crude futures fell 20 cents, or 0.2 per cent, …

The Abu Dhabi National Oil Company (ADNOC) is eyeing a valuation of at least $50 billion for its gas business slated to float this quarter, two sources familiar with the matter said, setting the stage for one of the most highly anticipated stock market listings this year. The state oil …