Tag Archives: Reuters International News Agency

Oil prices rose 1% on Tuesday, clawing back more of last week’s losses as investors focused on tight supplies of crude and fuel products rather than concerns about a recession dampening demand. Brent crude futures rose $1.08, or about 1%, to $115.21 a barrel at 4am GMT, adding to a …

Iraq’s oil output will reach 4.580 million barrels per day as of July following an OPEC+ decision to increase production, an Iraqi Oil Ministry spokesperson said on Friday, according to the state news agency. “Production increase will be at a rate of 70,000 bpd,” spokesman Aasem Jehad said, noting that …

The European Union is discussing the idea of temporarily exempting Russian oil supply via the Druzhba pipeline from a ban on imports of Russia’s crude, as leaders are trying to persuade Hungary to drop its opposition to an embargo, Bloomberg reported on Friday, quoting sources with knowledge of the discussions. …

Natural gas buyers in Asia and Europe are seeking to lock in supplies via long-term contracts as a buffer against volatile global prices, industry executives said, in moves that will reverse the last decade’s trend of increasing spot purchases. Fears of disruptions in Russian gas to Europe and low inventories …

Japan plans to step up its investment role in upstream projects for liquefied natural gas (LNG), to spur new development and boost fuel offtake by its companies, the industry minister said on Friday. Investment in new LNG development worldwide has dropped significantly as a global trend toward decarbonisation grows, although …

Russian state-owned gas producer Gazprom continued to supply natural gas to Europe via Ukraine on Friday in line with requests from European consumers, the company said. Requests stood at 71.6 million cubic metres for Friday, down from 81.1 million cubic metres on Thursday.

Asia’s liquefied natural gas (LNG) demand growth may cool this year as buyers baulk at record-high spot prices pushed even higher by Europe’s shift to the super-chilled fuel amid the Ukraine crisis, analysts and industry sources said. High spot prices since late last year have already slowed trade and are …

Russian gas exports via Ukraine have continued as normal and are in line with requests from consumers, Russian energy giant Gazprom said on Thursday. The company said the requests have been at 83 million cubic metres per day as of Feb. 24, up 31.4% from Feb. 23.

The Permian has led U.S. shale production growth in recent months and will continue to do so in the coming months, but the oil price rally so far in 2022 has also driven increased drilling activity in other shale basins with higher breakeven prices. $90 oil is incentivizing more drilling …

The United States is set to become the world’s biggest liquefied natural gas (LNG) exporter in 2022, surpassing Qatar and Australia, and may hold that title for years to come. In a year when China and other large economies in Europe and Asia scrambled to source enough supply for heating …