Energy

Energy 12 May 2023, 4:28 pm 1 minute In an exclusive interview with Reuters, Iraq’s oil minister Hayan Abdel-Ghani said they do not expect OPEC+ to make further cuts to oil output at its next meeting in June, the first indication from an OPEC minister about a potential decision as oil prices slide. Market Impact Brent crude futures were at…

Energy 14 May 2023, 4:26 pm 1 minute Reuters exclusively reported that leaders of the Group of Seven (G7) nations plan to tighten sanctions on Russia at their summit in Japan this week, with steps aimed at energy and exports aiding Moscow’s war effort. Market Impact The G7 leaders’ action on Russia comes as Ukraine’s Western allies hunt for new…

Energy 30 May 2023, 5:58 pm 1 minute Reuters exclusively revealed that QatarEnergy will sign a long-term liquefied natural gas (LNG) supply deal with Bangladesh’s state-owned gas company Petrobangla on Thursday, the second Asian sales deal to be sealed for Qatar’s North Field expansion project. The 15-year agreement is for the supply of 2 million tonnes annually. Market Impact Qatar…

Economy 31 May 2023, 5:28 pm 1 minute Sources exclusively revealed to Reuters that The U.N. has proposed that Kyiv, Moscow and Ankara start preparatory work for the transit of Russian ammonia through Ukraine as it tries to salvage a deal allowing safe Black Sea grain exports.     Market Impact The U.N. and Turkey brokered the Black Sea Grain Initiative between…

24 May 2023, 5:03 pm 1 minute Reuters exclusively revealed that The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo’s resources with little benefit to the country. Market Impact An ad hoc commission created in…

Energy 17 May 2023, 4:20 pm 1 minute Repsol’s renewables head exclusively told Reuters that the Spanish oil company will develop more than 1.7 gigawatts (GW) of renewable energy projects in Italy, costing around 500 million euros ($550 million). Market Impact Repsol has a target to grow its renewable capacity to 6 GW globally by 2025 and 20 GW by…

DealsEconomyEnergy 20 April 2023, 3:07 pm 1 minute Reuters exclusively revealed that Pakistan has placed its first order for discounted Russian crude oil under a deal struck between Islamabad and Moscow that offers Russia a new outlet, adding to Moscow’s growing sales to India and China as it redirects oil from western markets due to the Ukraine conflict. Market Impact…

Energy 10 May 2023, 6:34 pm 1 minute Reuters exclusively reported that Turkey has deferred payment to Russia of a $600 million natural gas bill to 2024 – the first such postponement – under a deal announced last week that underlines deepening ties between Ankara and Moscow.   Market Impact Turkey’s energy import bill hit a record near $100 billion in…

Energy 10 May 2023, 6:37 pm 1 minute Reuters exclusively reported that Chevron Corp’s (CVX.N) renewed oil operations in Venezuela will enter a new phase next month, boosting production with the goal of accelerating recovery of the $3 billion debt owed by the end of 2025.   Market Impact Chevron’s license broke a four-year U.S. prohibition on Venezuelan oil exports to…

Energy 28 April 2023, 4:12 pm 1 minute Reuters exclusively revealed that Rogelio Hernandez had been pressured by President Andres Manuel Lopez Obrador’s government and Pemex to approve plans for the Quesqui field in Tabasco or resign as the head of the National Hydrocarbons Commission (CNH). Article Tags Topics of Interest: Energy Type: Reuters Best Sectors: Commodities & EnergyGovernment &…