US kicks off a spate of oil and gas auctions just as COP28 gets underway
Reuters » Energy News
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5M ago
The Biden administration on Tuesday will auction off 35,000 acres (14,164 hectares) of land in Wyoming to oil and gas drillers, the first in a series of such sales that will coincide with a United Nations' conference aimed at combating fossil fuel-driven climate change in Dubai ..read more
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Asia jet fuel prices hit highest in 5 years versus gasoil on strong demand
Reuters » Energy News
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5M ago
Jet fuel prices in Asia rose to their highest against gasoil in five years on Tuesday, buoyed by strong demand for the fuel used for winter heating and aviation, according to LSEG data and trade sources ..read more
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Projects sponsored by Snam, Eni and Terna get priority status from EU
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5M ago
MILAN (Reuters) -The European Commission has included several energy initiatives sponsored by Italy's Snam, Eni and Terna in a new list of Projects of Common Interest (PCI) published on Tuesday ..read more
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Centrica pumps gas from Rough storage into UK grid as demand rises
Reuters » Energy News
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5M ago
British Gas owner Centrica has released stored gas from its largest storage facility into the national grid for the first time this winter, it said on Tuesday, seeking to manage rising heating demand and contain prices ..read more
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OPEC+ talks tough, policy rollover possible, sources say
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5M ago
LONDON (Reuters) -OPEC+ talks on 2024 oil policy are difficult, making a rollover of the previous agreement a possibility rather than deeper production cuts, four OPEC+ sources said on Tuesday ..read more
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Germany's RWE raises green spending target to $60 billion by 2030
Reuters » Energy News
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5M ago
FRANKFURT/DUESSELDORF (Reuters) -Germany's biggest power producer RWE will raise investment in green energy technologies to 55 billion euros ($60 billion) over the next seven years, it said on Tuesday, seeking to become one of the world's largest renewables groups ..read more
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Oil benchmark Brent tops $80 ahead of OPEC+ meeting
Reuters » Energy News
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5M ago
LONDON (Reuters) -Oil prices crept higher on Tuesday as the possibility that OPEC+ will extend or deepen supply cuts was compounded by a storm-related drop in Kazakh oil output to send the Brent benchmark above $80 a barrel ..read more
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Britain to pay households to use less power on Wednesday evening
Reuters » Energy News
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5M ago
LONDON (Reuters) -Britain’s National Grid will pay some households to use less electricity between 1700 and 1830 GMT on Wednesday evening, it said on Tuesday ..read more
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Black Sea storm disrupts Russian and Kazakh oil exports
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5M ago
A severe storm in the Black Sea region has disrupted up to 2 million barrels per day (bpd) of oil exports from Kazakhtsan and Russia, according to state's officials and port agent data ..read more
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BP seeks partnerships to navigate renewables storm
Reuters » Energy News
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5M ago
BP is seeking partners for offshore wind projects in Japan and may invest in hydrogen technology companies to tackle inflation and equipment bottlenecks that have battered the renewables sector ..read more
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