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Powers need to study all oil options, including Iran, Venezuela -France

Powers need to study all oil options, including Iran, Venezuela -France

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An oil tanker is docked while oil is pumped at the ship terminal of PDVSA’s Jose Antonio Anzoategui industrial complex in Anzoategui state April 15, 2015. REUTERS/Carlos Garcia Rawlins Sign up now for FREE unlimited access to Reuters.com Record US sanctions on Venezuela and Iran reduce oil production Consuming countries put pressure on producing nations …

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Macron tells Biden that UAE, Saudi can barely raise oil output

Macron tells Biden that UAE, Saudi can barely raise oil output

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GARMISCH-PARTENKIRCHEN, Germany, June 27 (Reuters) – OPEC’s two main oil producers, Saudi Arabia and the United Arab Emirates, can barely increase oil production, French President Emmanuel Macron said on Monday, telling him the president of the United Arab Emirates had said. Saudi Arabia and the United Arab Emirates have been perceived as the only two …

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Oil prices edge higher ahead of G7 talks on new Russian sanctions

Oil prices edge higher ahead of G7 talks on new Russian sanctions

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Crude oil storage tanks are seen at the Kinder Morgan Terminal in Sherwood Park, near Edmonton, Alberta, Canada, November 14, 2016. REUTERS/Chris Helgren Sign up now for FREE unlimited access to Reuters.com Record LONDON, June 27 (Reuters) – Oil prices rose in a volatile session on Monday as investors awaited any moves against Russian oil …

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G7 to hike sanctions on Russia, nears oil price cap deal, U.S. official says

G7 to hike sanctions on Russia, nears oil price cap deal, U.S. official says

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SCHLOSS ELMAU, Germany, June 27 (Reuters) – The Group of Seven wealthy democracies will commit on Tuesday to a new package of coordinated actions aimed at increasing pressure on Russia over its war in Ukraine, and will finalize plans for a price cap. in Russian oil. a senior US official said on Monday. The announcement …

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French energy companies call for 'immediately' limiting energy use

French energy companies call for ‘immediately’ limiting energy use

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A pair of storks sits in a nest on top of a pylon of high-voltage power lines in front of a smoke stack at Cordemais’ Electricité de France (EDF) coal-fired power plant in Bouee, France, on 25 June. February 2022. REUTERS/Stephane Mahe Sign up now for FREE unlimited access to Reuters.com Record PARIS, June 25 …

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EU plans for life without Russian gas amid inflation spike

EU plans for life without Russian gas amid inflation spike

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‘The notion of cheap energy is gone,’ says Latvian PM Inflation in the euro zone has skyrocketed to record highs Germany warns some industries may have to close this winter BRUSSELS, June 24 (Reuters) – EU leaders warned on Friday that “cheap energy is over” and agreed to boost preparations for further Russian gas cuts, …

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Breakingviews: Germany’s gas action plan pulls its punches

Breakingviews: Germany’s gas action plan pulls its punches

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Pressure gauges are seen at the Zsana storage site in Zsana, Hungary, May 20, 2022. REUTERS/Bernadett Szabo Sign up now for FREE unlimited access to Reuters.com Record LONDON, June 24 (Reuters Breakingviews) – Germany is facing a sudden acceleration of its gas crisis. A 60% drop in Russian supplies since the beginning of June threatens …

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Germany triggers gas alarm stage, accuses Russia of 'economic attack'

Germany triggers gas alarm stage, accuses Russia of ‘economic attack’

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Pipes at the landfall facility of the ‘Nord Stream 1’ gas pipeline are shown in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke//File photo Sign up now for FREE unlimited access to Reuters.com Record The West and Russia in an energy confrontation since the invasion of Ukraine German minister warns of ‘rocky road’ ahead Minister does …

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G7, NATO leaders to ratchet up pressure on Russia, keep eye on China - U.S. officials

G7, NATO leaders to ratchet up pressure on Russia, keep eye on China – U.S. officials

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A damaged tram is pictured at a bombed-out tram depot in Kharkiv, amid Russia’s attack on Ukraine, June 15, 2022. REUTERS/Ivan Alvarado Sign up now for FREE unlimited access to Reuters.com Record WASHINGTON, June 22 (Reuters) – Leaders of the Group of Seven wealthy democracies and the NATO alliance will work to increase pressure on …

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