Poland says Russia warned that gas supply will stop on Wednesday

A worker checks pipes at a gas compressor station on the Yamal-Europe pipeline near Nesvizh, some 130 km (81 miles) southwest of Minsk December 29, 2006.REUTERS/Vasily Fedosenko/File Photo Register now for FREE unlimited access to Reuters.com Register WARSAW, April 26 (Reuters) – Russian energy giant Gazprom (GAZP.MM) told Poland’s PGNiG (PGNi.WA) it will halt gas … Read more

Shares fragile, dollar soars on growth scare and Fed bets

World shares steady, earnings prop up Europe, US futures dip China stocks fall further as Beijing races to battle COVID Dollar hits fresh 2-year peak on China COVID fears, Fed bets Yuan above 1-year low after PBOC cuts FX reserve ratio Graphic: Global asset performance MILAN, April 26 (Reuters) – World shares steadied on Tuesday … Read more

Oil slumps 4% as Shanghai lockdowns stoke demand fears

Pump jacks operate at sunset in Midland, Texas US February 11, 2019. Picture taken February 11, 2019. REUTERS/Nick Oxford/File Photo Register now for FREE unlimited access to Reuters.com Register Shanghai COVID lockdowns drag into fourth week EU considers ‘smart sanctions’ on Russian oil -media US dollar hits two-year high on potential interest rate rise NEW … Read more

Norway arrests activists blocking tanker unloading Russian oil

OSLO, April 25 (Reuters) – Norwegian police said they had arrested 20 Greenpeace and Extinction Rebellion campaigners who on Monday blocked a tanker from delivering Russian oil to an Exxon Mobil terminal. In a protest against Russia’s invasion of Ukraine, activists had fastened their red rubber dinghy to the Ust Luga’s anchor chain, Greenpeace said, … Read more

Britain moves ahead with mandatory climate plans for companies

LONDON, April 25 (Reuters) – Britain unveiled a new taskforce on Monday to write rules forcing financial firms and listed companies to publish plans from next year for transitioning to a net zero economy by 2050. Last November at the COP26 UN Climate Summit, British finance minister Rishi Sunak said companies would have to publish … Read more

​EU says pay for Russian gas in euros to avoid breaching sanctions

European Union flags fly outside the European Commission headquarters in Brussels, Belgium, April 10, 2019. REUTERS/Yves Herman/File Photo Register now for FREE unlimited access to Reuters.com Register BRUSSELS, April 22 (Reuters) – EU companies may be able to work around Russia’s demand to receive gas payments in rubles without breaching sanctions if they pay in … Read more

India refiners skip Rosneft crude tenders on ‘biased’ terms -sources

The logo of Russia’s top crude producer Rosneft is seen on the top of a building in Stavropol, southern Russia, December 9, 2014. REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register NEW DELHI, April 21 (Reuters) – India’s state refiners did not submit bids in tenders issued by Russia’s top oil producer … Read more

Scholz says top priority is avoiding NATO confrontation with Russia

German Chancellor Olaf Scholz makes a statement after talks with European leaders and US President Joe Biden, in Berlin, Germany, April 19, 2022. REUTERS/Lisi Niesner/Pool Register now for FREE unlimited access to Reuters.com Register Scholz warns Germany may be considered party to war if it sends tanks Scholz could soon be forced to decide on … Read more

Exxon Mobil may completely withdraw from Russia by June 24 – sources

A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, April 21 (Reuters) – Exxon Mobil Corp (XOM.N) is considering a complete withdrawal from Russia by … Read more

For oil refiners, now is the summer of distillate content

A nighttime view of Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil into gasoline, diesel fuel, and other refined petroleum products, in Carson, California, US, March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan Register now for FREE unlimited access to Reuters.com Register April 21 (Reuters) – Refiners are planning … Read more