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Summary EU considering phase-out of Russian oil and gas by January 2028 Ambassadors agree to forward proposal to ministers – diplomats Ministers’ meeting planned for October 20 (Reuters) – European Union countries’ ambassadors on Wednesday agreed to move ahead with the bloc’s plan to end Russian oil and gas imports by 2028, EU diplomats said, …
EU’s Plan to Phase out Russian Energy Clears First Political Hurdle Read More »
Oct 8 (Reuters) – Cenovus Energy on Wednesday sweetened its offer to acquire MEG Energy raising the value of its proposed deal to C$8.6 billion ($6.16 billion), including debt, in an attempt to match a rival bid from Strathcona Resources. Cenovus raised its bid by C$2.35 to about C$29.80 per share, and said this …
Growing evidence that energy transition investments are enjoying a revival By Natasha White U.S. President Donald Trump may just have dubbed climate change the “greatest con job,” but there’s growing evidence that energy transition investments are enjoying a revival. Brookfield Asset Management said on Tuesday that it had raised US$20 billion for the world’s biggest …
Brookfield’s $20 Billion Adds to Rise in Energy Transition Strategies Read More »
WARSAW, Oct 7 (Reuters) – It is not in Poland’s interest to hand over a Ukrainian man wanted by Germany for suspected involvement in explosions which damaged the Nord Stream gas pipelines, the Polish prime minister said on Tuesday. Donald Tusk said that ultimately it was for the court to decide whether Volodymyr Z., who …
Not in Poland’s Interest to Give Germany Nord Stream Suspect, Tusk Says Read More »
(Reuters) – China is building oil reserve sites at a rapid clip as part of a campaign to boost crude stockpiles that increased in urgency after Russia’s Ukraine invasion upended global energy flows and has accelerated this year, according to public data, traders and industry experts. State oil companies including Sinopec and CNOOC will add …
China Accelerates Oil Reserve Site Build Amid Stockpiling Drive Read More »
Summary OPEC+ opted for modest hike due to glut concerns, sources say OPEC and non-OPEC supply rising Supply to far exceed demand in 2026 -Reuters poll (Reuters) – OPEC+ oil-producing countries opted for only a modest rise to November output due to concerns about a potential global glut, sources within the group said, as non-OPEC …
As Oil Glut Fears Mount, OPEC+ Restrains Output Rises for Now Read More »
By Javier Blas The oil market is heading for an immense surplus in early 2026. How large? “Cartoonish,” reckons Macquarie Group Ltd., a bank with a huge commodities business. What’s the solution? Stockpile millions of barrels of crude into tanks. It’s a tried-and-tested response, but this time there’s a catch: interest rates are much higher …
COMMENTARY: The Oil Market’s 2026 Tsunami Will Be Costly to Finance Read More »
By Akshat Rathi A model of a floating solar farm displayed at the Trina Solar Co. offices in Changzhou, Jiangsu province, China, on Friday, Sept. 26, 2025. Industry giants including Trina Solar have announced billions on overseas factories in more than 50 countries. Photographer: Qilai Shen/Bloomberg There’s a battle underway to win the energy export …
The Energy Export Race Has a Clear Winner: China Read More »
German Economy and Energy Minister Katherina Reiche attends a statement before “steel talks” in Berlin, Germany, October 1, 2025. REUTERS/Liesa Johannssen BERLIN, Oct 6 (Reuters) – German Economy Minister Katherina Reiche on Monday unveiled a 6 billion euro ($7 billion) funding initiative aimed at industrial decarbonisation, incorporating carbon capture and storage (CCS) technology into the …
(Reuters) – A new discovery in the Pazan gas field in southern Iran has been made with 10 trillion cubic feet of natural gas, Oil Minister Mohsen Paknejad said on Monday according to his ministry’s news outlet Shana. Iran holds the world’s second largest natural gas reserves, but most of its production is consumed domestically …
Iran Adds 10 Trillion Cubic Feet of Gas to its Reserves Read More »
