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By John Ainger, Anna Shiryaevskaya, and Julian Lee The European Union’s promise to buy $750 billion of American energy imports over three years was pivotal to securing a trade deal with President Donald Trump, but it’s a pledge it will struggle to keep. The deal would require annual purchases of $250 billion of natural gas, …
EU’s $750 Billion Energy Deal With Trump Looks Hard to Reach Read More »
(Reuters) – France denounced the trade agreement between the European Union and the U.S. as a “submission” on Monday though other EU states largely backed a deal they acknowledged was lopsided but which averts an economically damaging trade war with Washington. The framework deal, announced on Sunday between two economies accounting for almost a third …
Angry France Slams US Trade Pact ‘Submission’ as EU Peers Breathe Sigh of Relief Read More »
(Reuters) – U.S. President Donald Trump said on Monday he was reducing the 50-day deadline he gave Russia over its war in Ukraine, underscoring his frustration with Russian President Vladimir Putin for prolonging fighting between the two countries. “I’m disappointed in President Putin,” Trump said, speaking alongside British Prime Minister Keir Starmer ahead of their …
Trump Says He is Reducing 50 Day Deadline for Russia on War in Ukraine Read More »
Summary US and EU avert trade war with 15% tariff deal US, China to resume tariff talks in effort to extend truce OPEC+ panel likely to keep oil policy steady on Monday, sources say Reuters) – Oil prices rose on Monday after the U.S. reached a trade deal with the European Union and may extend …
(Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) said on Friday that the joint ministerial monitoring committee(JMMC), scheduled to convene on Monday, does not hold decision-making authority over production levels. OPEC added that claims linking the JMMC meeting to oil output changes or voluntary adjustments are ‘inaccurate and fall outside its mandate’. An …
OPEC Says JMMC Does Not Hold Decision-Making Authority Over Production Levels Read More »
(Reuters) – Venezuela’s state-run oil company PDVSA is getting ready to resume work at its joint ventures under terms similar to Biden-era licenses, once U.S. President Donald Trump reinstates authorizations for its partners to operate and export oil under swaps, company sources said. Washington is preparing new authorizations for key PDVSA partners, starting with U.S. …
Venezuela Oil Company PDVSA Readies Return to Work Under Previous US Terms Read More »
By Gavin Maguire LITTLETON, Colorado, July 24 (Reuters) – Global utilities generated a record amount of clean electricity while cutting output from fossil fuels during the opening half of 2025, thereby maintaining the momentum of international efforts to cut back on fossil fuel use in energy production. However, energy transition progress was more varied at …
COMMENTARY: A Mid-Year Check-Up on Global Energy Transition Progress – Maguire Read More »
MADRID, July 23 (Reuters) – Developers of green hydrogen have scaled back investments and scrapped projects globally as elevated production costs and weak demand for the low-carbon fuel have made many ventures unviable. Here are some projects that have been cancelled, postponed or scaled back. EUROPE Energy company LEAG’s plans to build one of Europe’s …
By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova LONDON/MOSCOW, July 24 (Reuters) – An OPEC+ panel is unlikely to alter existing plans to raise oil output when it meets on Monday, four OPEC+ delegates said, noting the producer group is keen to recover market share while summer demand is helping to absorb the extra barrels. …
OPEC+ Panel Likely to Keep Oil Policy Steady on Monday, Sources Say Read More »
Takeaways by Bloomberg AI TotalEnergies SE reported a 29% increase in net debt to $25.9 billion and a 23% decline in adjusted net income to $3.58 billion. The company said the oil market is being hurt by slower economic growth and an abundant supply, with Total’s Chief Executive Patrick Pouyanne citing an “unstable geopolitical and …
TotalEnergies Sees Tough Oil Market Outlook as Debts Mount Read More »
