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

NATO to welcome Nordic members as Ukraine pushes back Russian forces

Finland expected to announce bid to join NATO Ukraine halts major route for Russian gas to Europe Russia imposes sanctions on Gazprom units in Europe, US Ukrainian forces seek to cut Russian battlefield supply lines KYIV / BRUSSELS, May 12 (Reuters) – Finland is expected to announce on Thursday its intention to join NATO with … 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

Saudi Arabia is leading OPEC’s decision to cancel IEA data as US ties flow

Issues include a review of international demand in February IEA report on energy exchange ranked OPEC + members question the independence of the watchdog DUBAI, April 12 (Reuters) – Saudi Arabia pushes for OPEC + to stop using oil data from Western energy regulators . The Organization of the Petroleum Exporting Countries and its allies, … Read more

Shelter in the Maldives punished the yachts of Russian billionaires

Maldives will not take an active part in yacht confiscation – sources Fear of Russia’s sanctions on tourism – sources “Remote” to think that yachts will be confiscated MALE, April 7 (Reuters) – A day after coal and fertilizer billionaire Andrey Melnichenko was placed on the EU sanctions list on March 9, his superyacht Motor … Read more

Exclusive right: Chinese refinery avoids new Russian oil trade

Smoke spews from chimneys of oil refinery in Nanjing, Jiangsu Province in eastern China, December 28, 2006. REUTERS / Sean Yong Sign up now for FREE unlimited access to Sign up Sinopec, CNOOC, PetroChina, Sinochem avoid new acquisitions Concerns about sanctions keep state-owned companies in check Some independent refining companies continue to import crude … Read more