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Oil pares weekly drop as EU strives for price-cap compromise

Friday, November 25, 2022, 6:48 AM MST

Oil pared a third weekly loss as the European Union weighed a higher-than-expected price cap on Russian crude and economic…

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EU puts energy crisis steps on hold to address gas price cap

Thursday, November 24, 2022, 6:51 AM MST

The European Union is set to pause efforts to approve a package of emergency measures to curb fallout from high…

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Enbridge rations pipeline space, adding to oil headwinds

Wednesday, November 23, 2022, 7:24 AM MST

Enbridge Inc. is rationing space on its key Canada line, adding yet another headwind for oil producers.  Enbridge will apportion…

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Scholz pledges to end Germany’s over-reliance on China, Russia

Wednesday, November 23, 2022, 7:21 AM MST

Chancellor Olaf Scholz doubled down on his government’s promise to end Germany’s “one-sided dependence” on Russia and China for energy…

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ConocoPhillips to take stake in Sempra LNG US export terminal

Wednesday, November 23, 2022, 7:12 AM MST

ConocoPhillips, one of the largest US oil and gas producers, agreed to take a 30 per cent stake in the…

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EU considers imposing price cap of $65-$70 on Russian oil

Wednesday, November 23, 2022, 7:02 AM MST

The European Union is discussing a price cap on Russian oil between $65 and $70 a barrel, according to people…

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Oil freight at $100,000 piles pressure on crude markets

Tuesday, November 22, 2022, 6:53 AM MST

Soaring shipping costs are piling pressure onto physical oil markets that are already being hit by uncertainty surrounding a cap…

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BP puts restart of its biggest European oil refinery on hold

Tuesday, November 22, 2022, 6:41 AM MST

BP plc abandoned a plan to restart operations at its biggest refinery in Europe this week after workers at the…

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China pauses some purchases of Russian oil ahead of price cap

Tuesday, November 22, 2022, 6:33 AM MST

China’s crude buyers have paused purchases of some Russian oil as they wait for details of a US-led cap to see if…

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Oil falls as China’s struggle with COVID blights demand outlook

Monday, November 21, 2022, 6:43 AM MST

Oil extended declines after the biggest weekly drop since August as China tightened anti-COVID curbs, hurting the outlook for demand.…

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COP27 approves last-ditch deal for historic climate damage fund

Monday, November 21, 2022, 6:33 AM MST

The COP27 climate talks in Egypt, which came close to collapse in the closing stretches, ended with an early-hours deal…

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France is losing its race to fix the reactors Europe needs

Monday, November 21, 2022, 6:25 AM MST

France’s nuclear industry is falling behind in efforts to get idled reactors running in time to escape blackouts and help…

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