Oil rises above $105 as supply concerns persist

Workers walk as oil pumps are seen in the background in the Uzen oil and gas field in the Mangistau Region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev Register now for FREE unlimited access to Reuters.com Register Iran blames US for halt to Vienna nuclear talks IEA agrees to release more oil Yemen’s warring parties … Read more

Oil prices fall after truce in Middle East conflict, petroleum reserve news

A worker checks a tank at Nahr Bin Umar oil field, north of Basra, Iraq March 22, 2022. REUTERS/Essam Al-Sudani Register now for FREE unlimited access to Reuters.com Register Oil prices extend losses from last week UAE welcomes two-month truce in Yemen – state news agency Price falls come after SPR news last week NEW … Read more

Russia’s Gazprom exits German business amid crisis in energy ties

Model of petrol pump is seen in front of Gazprom logo in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, April 1 (Reuters) – Russia’s Gazprom (GAZP.MM) said on Friday it was quitting its business in Germany at a moment of crisis in the vital … Read more

Oil rebounds on tight supply, prospects of new Russia sanctions

Workers walk as oil pumps are seen in the background in the Uzen oil and gas field in the Mangistau Region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev Register now for FREE unlimited access to Reuters.com Register LONDON, March 30 (Reuters) – Oil prices jumped by more than $4 on Wednesday on supply tightness and … Read more

S&P 500 climbs for third straight day as Tesla leads

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, March 21, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Tesla rises on stock-split plans Oil prices tumble on concerns of weaker Chinese demand HP to buy Poly NEW YORK, March 28 (Reuters) – … Read more

China’s Sinopec plans its biggest capital expenditure in history

A pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, Shandong province, China January 12, 2017. Picture taken January 12, 2017. REUTERS/Chen Aizhu/File Photo Register now for FREE unlimited access to Reuters.com Register BEIJING, March 27 (Reuters) – China Petroleum & Chemical Corp (600028.SS), better known as Sinopec, is planning its highest capital … Read more

Exclusive: China’s Sinopec pauses Russia projects, Beijing wary of sanctions

March 25 (Reuters) – China’s state-run Sinopec Group has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, sources told Reuters, heeding a government call for caution as sanctions mount over the invasion of Ukraine. The move by Asia’s biggest oil refiner to hit the brakes on a potentially half-billion-dollar … Read more

Inside China’s electric drive for swappable car batteries

DETROIT/BEIJING, March 25 (Reuters) – A year ago Tesla dismissed the alternative path of electric car battery swapping as “riddled with problems and not suitable for widescale use”. It seems Beijing disagrees. In fact, China is pushing hard for swappable batteries for electric vehicles (EVs) as a supplement to regular vehicle charging, with the government … Read more

Foreigners banned from selling Russian stocks as market set for limited reopening

March 23 (Reuters) – Russia plans to resume some stock trading on Thursday after a near month-long hiatus, with 33 ruble securities to be traded on the Moscow Exchange. Non-residents will have to wait, though – they will be barred from selling stocks and OFZ ruble bonds until April 1. Trading in blue chips, including … Read more

US SEC proposes companies disclose range of climate risks, emissions data

WASHINGTON, March 21 (Reuters) – The US securities regulator on Monday proposed requiring US-listed companies to disclose a range of climate-related risks and greenhouse gas emissions, part of President Joe Biden’s push to join global efforts to avert climate-related catastrophes . The US Securities and Exchange Commission (SEC) unveiled its long-anticipated draft rule under which … Read more