REPI:FUEL-OIL

EU to claw back energy firms’ profits rather than cap Russian gas price

Register now for FREE unlimited access to Reuters.comRegisterEU countries ask bloc to propose windfall revenue capMinisters also request EU proposal on gas price capCountries resist EU proposal to cap Russian gas priceBRUSSELS, Sept 9 (Reuters) – EU energy ministers on Friday tasked the European Commission to press ahead with a cap on the revenues of …

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EU races to shield industry as Russia gas stoppage shakes markets

European gas price up about 400% on a year agoEU states race to support struggling power firmsDisruptions hinder EU efforts to fill storageEU says Moscow weaponised gas, Russia blames sanctionsLONDON/OSLO, Sept 5 (Reuters) – European gas prices surged, stocks slid and the euro sank on Monday after Russia halted gas flows via a major pipeline, …

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EU gas price rockets higher after Russia halts Nord Stream flows

Pipes at the landfall facilities of the ‘Nord Stream 1′ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterEuropean gas price up about 400% on a year agoEU states have triggered emergency gas plansDisruptions hinder EU efforts to fill up storageRussia says sanctions hinder …

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Italy’s costs to import energy will double to 100 billion euros

Register now for FREE unlimited access to Reuters.comRegisterCERNOBBIO, Italy, Sept 3 (Reuters) – Italy’s net energy import costs are set to more than double this year to nearly 100 billion euros ($99.5 billion), the economy minister said, warning Rome could not spend indefinitely to cushion the blow on the economy.Italy relies on imports for three-quarters …

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Brent crude hits pre-Ukraine invasion lows on recession fears

FILE PHOTO – A PetroChina worker inspects a pump jack at an oil field in Tacheng, Xinjiang Uighur Autonomous Region, China June 27, 2018. REUTERS/Stringer ATRegister now for FREE unlimited access to Reuters.comRegisterBoE raises rates, warns of recession risksSaudi, UAE save oil firepower in case of winter supply crisisOPEC+ agrees to raise oil output target …

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