Saturday, December 28, 2024
China's U.S. crude buying binge to set off global sweet oil shake-up- oil and gas 360

China’s U.S. crude buying binge to set off global sweet oil shake-up

Reuters SINGAPORE – Sharply higher Chinese purchases of U.S. energy products as part of the China-U.S. trade deal will shake up global crude oil trade flows if American supplies squeeze rival crudes out of the top oil import market, trade sources said. China’s pledge to buy at least $52.4 billion worth of U.S. energy products over the next two years

Germany adds brown coal to energy exit under landmark deal- oil and gas 360

Germany adds brown coal to energy exit under landmark deal

Reuters BERLIN – Germany is set to become the first country to drop both nuclear and coal power under a landmark agreement to compensate workers, companies and regional governments as it switches off brown coal-fired plants by 2038. The government struck a deal worth more than 40 billion euros ($44.7 billion) in the small hours of Thursday morning with the