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Europe burns cash to help businesses in energy crisis

Register now for FREE unlimited access to Reuters.com Register European gas prices have soared amid Ukraine crisis Utilities face liquidity crunch Germany will ‘do everything possible’ to help firms Russian mobilisation triggers oil price jump BERLIN/LONDON, Sept 21 (Reuters) – Germany nationalised gas importer Uniper (UN01.DE) on Wednesday and Britain said it would halve energy … Read more

Europe races to prepare for energy crunch this winter

Spain may shut energy-intensive industries at peak times France prepares to send gas to Germany in October Germany to sign LNG contracts in UAE Berlin still working on Uniper bailout BERLIN/LISBON, Sept 19 (Reuters) – Germany was pressing on Monday to secure liquefied natural gas contracts with Gulf producers and other European states outlined measures … Read more

Oil dips on recession fears; supply concerns limit declines

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 19 (Reuters) – Oil prices dipped on Monday as fears of a global recession caused concerns that fuel demand growth … Read more

Biden, unions, rail executives struggle for deal as shutdown looms

DETROIT/LOS ANGELES, Sept 14 (Reuters) – Biden administration officials hosted labor contract talks late on Wednesday to avert a potential rail shutdown that could disrupt cargo shipments and impede food and fuel supplies, but one small union rejected a deal and Amtrak canceled all long-distance passenger trips. Railroads including Union Pacific (UNP.N), Berkshire Hathaway’s (BRKa.N) … Read more

Biden touts ‘Cancer Moonshot’ on JFK speech anniversary in Boston

U.S. President Joe Biden speaks to media before boarding Air Force One as he departs for Washington from New Castle, Delaware, U.S., September 11, 2022. REUTERS/Joshua Roberts/File Photo Register now for FREE unlimited access to Reuters.com Register BOSTON, Sept 12 (Reuters) – President Joe Biden signed orders on Monday to push more government dollars to … Read more

Oil prices could spike in winter, Yellen says

U.S. Treasury Secretary Janet Yellen holds a news conference in the Cash Room at the U.S. Treasury Department in Washington, U.S. July 28, 2022. REUTERS/Jonathan Ernst/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 11 (Reuters) – U.S. Treasury Secretary Janet Yellen on Sunday said Americans could experience a spike in … Read more

EU to claw back energy firms’ profits rather than cap Russian gas price

Register now for FREE unlimited access to Reuters.com Register EU countries ask bloc to propose windfall revenue cap Ministers also request EU proposal on gas price cap Countries resist EU proposal to cap Russian gas price BRUSSELS, Sept 9 (Reuters) – EU energy ministers on Friday tasked the European Commission to press ahead with a … Read more

Biden administration denies Cheniere’s request to sidestep LNG pollution rule

Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 6 (Reuters) – The U.S. Environmental Protection Agency (EPA) said on Tuesday it has denied a request from leading liquefied natural gas (LNG) exporter Cheniere Energy Inc (LNG.A) to exempt turbines at its two U.S. Gulf Coast terminals from a hazardous pollution rule. The … Read more

UK weighs huge support package as Europe battles energy crisis

Mecklenburg-Western Pomerania state premier Manuela Schwesig and Bavaria’s State Premier Markus Soeder visit a pipeline transfer station of the Baltic Sea Pipeline Link near Lubmin, Germany, August 30, 2022. REUTERS/Lisi Niesner Register now for FREE unlimited access to Reuters.com Register UK to freeze energy bills for this winter and next – BBC $1.5 tln plus … Read more

EU races to shield industry as Russia gas stoppage shakes markets

European gas price up about 400% on a year ago EU states race to support struggling power firms Disruptions hinder EU efforts to fill storage EU says Moscow weaponised gas, Russia blames sanctions LONDON/OSLO, Sept 5 (Reuters) – European gas prices surged, stocks slid and the euro sank on Monday after Russia halted gas flows … Read more