China boosts fuel exports in August, but shipments drop to 7-year low in 2022

A pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, China’s Shandong province, 12 January 2017. Photo taken on January 12, 2017. REUTERS/Chen Aizhu/File Photo Register now for FREE unlimited access to Reuters.com Register Shipments of diesel, petrol and jet fuel drop by 30%-40% from 2021 August diesel exports to top 1 million … Read more

Saudi Arabia’s Kingdom Holding Invests in Russian Energy Companies

Aug 14 (Reuters) – Saudi Arabia’s Kingdom Holding (4280.SE) invested between February 22 and March 22 in Russian energy groups Gazprom (GAZP.MM), Rosneft (ROSN.MM) and Lukoil (LKOH.MM), on Twitter on Sunday. Many Western countries have imposed sanctions on Russian energy companies and their executives following the Russian invasion of Ukraine on February 24. Kingdom Holding’s … Read more

US says India hid Russian origin of fuel shipped to US, India’s central banker says

Reserve Bank of India (RBI) deputy governor Michael Debabrata Patra arrives at a press conference following a monetary policy review in Mumbai, India Feb. 6, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register NEW DELHI, Aug. 13 (Reuters) – The United States has expressed concern to India that it was being … Read more

Five Chinese state-owned companies are delisting from NYSE

SHANGHAI/HONG KONG, Aug. 12 (Reuters) – Five Chinese state-owned companies, including China Life Insurance (601628.SS) and oil giant Sinopec (600028.SS) said Friday they would delist the New York stock exchange amid heightened diplomatic and economic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and Sinopec … Read more

Ukraine halted oil flows to Europe over payment difficulties, Russia’s Transneft . says

The receiving station of the Druzhba oil pipeline between Hungary and Russia is seen at the Danube Refinery of the Hungarian MOL Group in Szazhalombatta, Hungary, May 18, 2022. REUTERS/Bernadett Szabo/File Photo Register now for FREE unlimited access to Reuters.com Register Ukraine Pipeline Operator Was Paid, But Money Back – Transneft Shipments stopped since 4 … Read more

Oil falls amid recession fears, slow recovery of imports from China

FILE PHOTO – An oilfield worker works on a pump jack at PetroChina’s Daqing oil field in northeast Heilongjiang province, Nov. 5, 2007. REUTERS/Stringer (CHINA) Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Aug. 8 (Reuters) – Oil prices fell on Monday and remained near their multi-month low as recession fears hurt demand … Read more

Russia Bans Western Investors From Selling Banking And Key Energy Holdings

Russian President Vladimir Putin chairs a meeting on the development of the country’s metallurgical sector, via video link in the Kremlin in Moscow, Russia, Aug. 1, 2022. Sputnik/Pavel Byrkin/Kremlin via REUTERS Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia, where the law limits coverage of Russian military operations … Read more

Russia says it can’t do much to help repair Nord Stream gas pipeline

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 This content was produced in Russia, where the law limits coverage of Russian military operations in Ukraine MOSCOW, Aug. 1 (Reuters) – Russia can … Read more

Russia further cuts gas flows as Europe pushes for energy savings

FRANKFURT/LONDON, July 27 (Reuters) – Russia delivered less gas to Europe on Wednesday in a further escalation of an energy dispute between Moscow and the European Union, making it more difficult and expensive for the bloc to fill storage ahead of the winter heating season . The supply cut, signaled by Gazprom (GAZP.MM) earlier this … Read more

Greece, Saudi Arabia sign data cable deal, discuss link to power grid

RIYADH/ATHENS, July 26 (Reuters) – Greece and Saudi Arabia signed a deal on Tuesday to lay a submarine data cable that will connect Europe to Asia and discussed the possibility of interconnecting their electricity grids to supply Europe with cheaper green energy . Greece and Saudi Arabia agreed in May the key terms of a … Read more