Downstream

This post was originally published on this siteMay 13, 2022 (Bloomberg) Some European Union nations are saying it may be time to consider delaying a push to ban Russian oil so they can proceed with the rest of a proposed sanctions package if the bloc can’t persuade Hungary to back the embargo.Governments haven’t given up on […]

This post was originally published on this siteBy Irina Slav More from Irina Slav The feeling of being right about something should be a pleasant one. Unless you’re right about something rather unpleasant. I tend to have the latter kind of experiences and the latest instance was this week, when media reported that the EU was planning

This post was originally published on this siteHELSINKI, May 13 (Reuters) – Finland is ready to cope in the event that Russia cuts off its supply of natural gas, the government’s emergency preparedness committee said after a meeting on Friday. Key Finnish politicians had been warned of a possible halt to gas exports by Russia

This post was originally published on this siteMay 12 (Reuters) – Pressure on Europe to secure alternative gas supplies increased on Thursday as Moscow imposed sanctions on European subsidiaries of state-owned Gazprom a day after Ukraine stopped a major gas transit route, pushing prices higher. read more This follows Ukraine halting gas transit route to

This post was originally published on this siteLONDON, May 13 (Reuters) – Oil prices rose on Friday but were headed for their first weekly loss in three weeks as worries about inflation and China’s COVID lockdowns slowing global growth offset concerns about dwindling supplies from Russia. Brent crude futures were up $2.06, or 1.9%, at

This post was originally published on this site The long-term supply deals struck this week with Exxon and Petronas by Venture Global LNG put its second Louisiana LNG facility on the verge of construction and financing approval.

This post was originally published on this site India's Petronet LNG has begun talks with Qatar to renew a multiyear gas deal despite market "turbulence", making new long-term contracts difficult as sanctions on Russian fuel have squeezed an already tightly supplied market.

This post was originally published on this siteMay 12 (Reuters) – Two large British asset managers have defended their efforts to reduce emissions to Texas officials and said their firms could face reputational risks if they did not follow through on carbon-cutting commitments. The letters from Man Group PLC (EMG.L) and from abrdn plc, (ABDN.L) reviewed by Reuters

This post was originally published on this siteSummary Cuts 2022 oil demand growth forecast by 310,000 bpd Cuts 2022 Russian output forecast, leaves shale forecast steady OPEC April output rises 153,000 bpd, lagging pledged hike LONDON, May 12 (Reuters) – OPEC on Thursday cut its forecast for growth in world oil demand in 2022 for

This post was originally published on this siteBERLIN, May 12 (Reuters) – Pressure on Europe to secure alternative gas supplies increased on Thursday after Moscow imposed sanctions on European subsidiaries of state-owned Gazprom and Ukraine stopped a gas transit route, pushing prices higher. Russia imposed sanctions late Wednesday mainly on Gazprom’s (GAZP.MM) European subsidiaries including Gazprom Germania,