Explainer: When EU embargo comes, where will Russia sell its crude oil?

Explainer: When EU embargo comes, where will Russia sell its crude oil?

Models of oil barrels are seen in front of the displayed sign “stop”, EU and Russia flag colors in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register MOSCOW, Sept 23 (Reuters) – Russia has ramped up oil shipments to Asia since Europe imposed sweeping sanctions, but … Read more

Exclusive: Scientists detect second ‘vast’ methane leak at Pemex oil field in Mexico

Exclusive: Scientists detect second ‘vast’ methane leak at Pemex oil field in Mexico

The logo of Mexican petroleum company Pemex is seen at a gas station in Mexico City August 28, 2014. REUTERS/Edgard Garrido Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, Sept 2 (Reuters) – Satellites recorded another large methane leak at an offshore platform belonging to Mexico’s Pemex in August, according to exclusive … Read more

This decade’s oil boom is moving offshore – way offshore

This decade’s oil boom is moving offshore – way offshore

Aug 31 (Reuters) – Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects including some in the remote iceberg waters far off Canada’s Atlantic coast. Surging oil prices are encouraging the investments, along with Europe’s mounting energy demand as the Ukraine-Russia war drags … Read more

EXCLUSIVE Chinese defense firm has taken over lifting Venezuelan oil for debt offset -sources

EXCLUSIVE Chinese defense firm has taken over lifting Venezuelan oil for debt offset -sources

SINGAPORE/HOUSTON, Aug 26 (Reuters) – China has entrusted a defence-focussed state firm to ship millions of barrels of Venezuelan oil despite US sanctions, part of a deal to offset Caracas’ billions of dollars of debt to Beijing, according to three sources and tanker tracking data. China National Petroleum Corp (CNPC) stopped carrying Venezuelan oil in … Read more

Argentina official visits neighbors to bolster Falklands claim

Argentina official visits neighbors to bolster Falklands claim

BRASILIA, Aug 17 (Reuters) – The global geopolitical situation shaped by the war in Ukraine is an opportunity for Argentina to continue adding support for its sovereignty claim over British-run Falkland Islands, an Argentine official told Reuters. Secretary for Falklands (Malvinas) Affairs Guillermo Carmona began a tour of neighboring countries on Wednesday to bolster support … Read more

Berkshire Hathaway posts massive $43.8 billion loss; operating results improve

Berkshire Hathaway posts massive .8 billion loss;  operating results improve

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, US, May 4, 2019. REUTERS/Scott Morgan//File Photo Register now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – The slide in US stock prices … Read more

Exclusive: PetroChina may sell Australian, Canadian assets to stem losses

Exclusive: PetroChina may sell Australian, Canadian assets to stem losses

PetroChina’s logo is seen at a petrol station in Beijing, China, March 21, 2016. Picture taken March 21, 2016. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register SINGAPORE, June 28 (Reuters) – PetroChina may sell out from natural gas projects in Australia and oil sands in Canada to stem losses and divert … Read more

Texas power use to hit record as temperatures soar

Texas power use to hit record as temperatures soar

Overhead power lines are seen during record-breaking temperatures in Houston, Texas, US, February 17, 2021. REUTERS/Adrees Latif Register now for FREE unlimited access to Reuters.com Register June 6 (Reuters) – Power demand in Texas is set to break its all-time record this week, testing the resilience of the grid after generation issues this year and … Read more