Ecuador cuts gasoline prices in latest concession to protesters

QUITO, June 26 (Reuters) – Ecuadorean President Guillermo Lasso said on Sunday he would cut prices for gasoline and diesel by 10 cents a gallon, the latest concession to try to end nearly two weeks of anti-government protests in which at least six people have died. The sometimes-violent demonstrations by largely indigenous protesters demanding lower … Read more

French energy giants urge consumers to cut energy use

A couple of stork stands in a nest on the top of a pylon of high-tension electricity power lines in front of a smoke stack of the Electricite de France (EDF) coal-fired power plant of Cordemais in Bouee, France, February 25, 2022. REUTERS/Stephane Mahe Register now for FREE unlimited access to Reuters.com Register PARIS, June … Read more

Germany triggers gas alarm stage, accuses Russia of ‘economic attack’

Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke//File Photo Register now for FREE unlimited access to Reuters.com Register West, Russia in energy standoff since Ukraine invasion German minister warns of ‘rocky road’ ahead Minister does not rule out gas rationing Russian … Read more

Exclusive: G7 likely to discuss Russian turbine, but may not find solution – Canada minister

Canada’s Minister of the Environment and Climate Change Jonathan Wilkinson takes part in a news conference at the Ornamental Gardens in Ottawa, Ontario, Canada November 19, 2020. REUTERS/Blair Gable/File Photo Register now for FREE unlimited access to Reuters.com Register OTTAWA, June 22 (Reuters) – The G7 is likely to discuss the fate of a Russian … Read more

Biden asks Congress to pause gas tax to help lower record pump prices

WASHINGTON, June 22 (Reuters) – US President Joe Biden on Wednesday called on Congress to pass a three-month suspension of the federal gasoline tax to help combat record pump prices and provide temporary relief for American families this summer. “We can bring down the price of gas and give families just a little bit of … Read more

EU signals shift to coal, accuses Russia of ‘rogue moves’ on gas

Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke Register now for FREE unlimited access to Reuters.com Register BRUSSELS/OSLO June 22 (Reuters) – The European Union will temporarily shift back to coal to cope with dwindling Russian gas flows without derailing longer … Read more

Europe may shift back to coal as Russia turns down gas flows

Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now for FREE unlimited access to Reuters.com Register Germany may take ‘painful’ move to fire up coal power Italy, Austria also looking at burning more coal Surging gas prices add to … Read more

Venezuelan oil exports to Europe set to resume after two years

The logo of Italian energy company Eni is seen at a gas station in Rome, Italy September 30, 2018. REUTERS/Alessandro Bianchi Register now for FREE unlimited access to Reuters.com Register June 17 (Reuters) – A 650,000-barrel-cargo of Venezuela’s oil chartered by Italy’s Eni (ENI.MI) is about to set sail carrying the first export of crude … Read more

Russian gas flows to Europe fall, hindering bid to refill stores

Nord Stream 1 pipeline capacity down to 40% Europe’s gas price jumps up to 30% after disruption news Gazprom blames cuts on equipment delays from Canada Freeport LNG terminal in US offline until September LONDON, June 16 (Reuters) – Russian gas supply to Europe via the Nord Stream 1 pipeline fell further on Thursday and … Read more

Biden blasts oil refiners for record profits on pain at the pump

WASHINGTON, June 15 (Reuters) – US President Joe Biden, under pressure over sky-high gasoline prices, on Wednesday demanded oil refining companies explain why they are not putting more fuel on the market as they reap windfall profits. Biden wrote to executives from Marathon Petroleum Corp (MPC.N), Valero Energy Corp (VLO.N) and Exxon Mobil Corp (XOM.N), … Read more