Iraq balks at greater Chinese control of its oilfields

Iraq persuaded Lukoil to halt sale to Sinopec – sources Baghdad concerned China becoming too dominant – sources Western firms not happy with terms of Iraqi deals LONDON / BASRA, May 17 (Reuters) – Iraq’s oil ministry thwarted three prospective deals last year that would have given Chinese firms more control over its oilfields and … Read more

Europe’s gas supply crisis grows after Russia imposes sanctions

Russia imposes sanctions on European Gazprom subsidiaries Polish firm operating Yamal-Europe section also hit Germany to lose 10 mcm / day of gas supply Dutch gas prices rise by up to 20% BERLIN, May 12 (Reuters) – Pressure on Europe to secure alternative gas supplies increased on Thursday as Moscow imposed sanctions on European subsidiaries … Read more

EXCLUSIVE Top EU official backs multi-trillion plan to rebuild Ukraine

Rebuilding Ukraine will cost trillions of euros – top EU banks EIB chief Hoyer calls for Marshall-style Plan for Ukraine Urges West and its banks to underwrite Ukraine finances BRUSSELS, May 11 (Reuters) – A top European official has backed a multi-trillion-euro “Marshall” -style plan to rebuild Ukraine, pledging the firepower of the EU lending … Read more

Ukraine pushes Russian forces back, restricts gas flow to Europe

Ukraine redirecting Russia gas to Europe Ukraine counter-offensive could shift war’s momentum Ukrainian forces seeking to cut off Russian supply lines Kremlin says up to Kherson residents to decide if they want to join Russia Mariupol steelworks under bombardment again KYIV / VILHIVKA, Ukraine, May 11 (Reuters) – Ukrainian forces reported battlefield gains on Wednesday … Read more

Exclusive: Germany prepares crisis plan for abrupt end to Russian gas

BERLIN, May 9 (Reuters) – German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter told Reuters. The preparations being led by the Ministry of Economic Affairs show the heightened state of alert about … Read more

EXCLUSIVE Biden sidelined global energy partners with record emergency oil release

LONDON, May 9 (Reuters) – The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, leaving them scrambling to match with releases of their own, according to two sources familiar with the matter. Unilateral action by Washington to address global supply or price … Read more

New lithium technology can help the world go green – if it works

April 7 (Reuters) – Rio Tinto, General Motors and even the US Department of Energy are investing heavily in harvesting new technology that could revolutionize the way lithium is produced for electric car batteries. Now this technology just needs to prove that it works on a commercial scale. If they do, miners will be able … Read more