Oil Price Investor appetite for ESG funds and other sustainable investments remains steady in Europe, in stark contrast with the United States, where the ESG backlash has had investors pull billions of U.S. dollars out of sustainable funds over the past year. Europe has higher political and investor support for ESG investment products, a Reuters analysis shows, which has helped the continent
Oil Price Surging U.S. oil production and shifting global oil flows amid geopolitical flare-ups have boosted American crude exports to record-high levels in recent months. Now U.S. oil is encroaching on the key markets of the OPEC+ group, which has been restricting supply in an effort to boost oil prices. From Europe to Asia, buyers are purchasing more U.S. crude
Nasdaq The Brent crude market structure and some physical markets in Europe and Africa are reflecting tighter supply resulting partly from concern about shipping delays due to vessels avoiding the Red Sea, according to traders, LSEG data and analysts. The disruptions have combined with other factors such as outages and rising Chinese demand to increase competition for crude supply that
World Oil (Bloomberg) — Israel’s gas shipments to Egypt fell by 20% as safety concerns prompted the shutdown of a key offshore field, threatening onward deliveries to Europe. Halting the Tamar field in the Mediterranean Sea reduced Egypt’s imports of Israeli gas to about 650 million cubic feet per day, according to officials who asked not to be identified as they’re
BOE Report U.S. natural gas futures climbed about 4% to a three-week high on Thursday on soaring gas prices in Europe and a decline in U.S. output. That price increase came despite a drop in the amount of gas flowing to U.S. liquefied natural gas (LNG) export facilities due to plant maintenance. It also preceded a federal report expected to
Nasdaq NEW DELHI – Record high imports of crude oil from Russia in fiscal 2022-23 helped India’s refiners boost exports of diesel and jet fuel to Europe as the continent shunned Russian products, preliminary ship-tracking data from Kpler and Vortexa showed. Access to cheap Russian crude has boosted output and profits at Indian refineries, enabling them to export refined products
Oil Price Europe’s thirst for U.S. crude oil is expected to remain elevated, VP of Midstream for Chevron Corp said today on the sidelines of the Argus Americas Crude summit. “A key change in flow is U.S. crude going to Europe. For this year, I’m pretty confident Europe is short of Russian oil, and we’ll see more U.S. crude there,”
Nasdaq LAUNCESTON – The world imported more liquefied natural gas (LNG) in 2022 than ever before, but the war in Ukraine has meant that the growth was concentrated in wealthy European countries and away from poorer Asian countries. Total global LNG imports rose to 409 million tonnes last year from 386.5 million tonnes in 2021, according to data from Refinitiv,
Oil Price Europe will find it difficult to replace Russian crude oil and product supply once the full effect of the EU embargoes on Russian petroleum products is felt, according to Russian Deputy Prime Minister Alexander Novak. “Europe used to be a key market for the sale of our oil products. Let us wait and see which decisions they
World Oil (Bloomberg) – It’s been eight months since Russia invaded Ukraine, sending global commodity prices soaring and forcing energy-ravenous countries into a mad competitive dash to secure new fuel sources ahead of winter. While the US filled some of the supply gap by exporting huge quantities of liquefied natural gas from its seven plants, global markets are going
Oil Price Europe is set to increase its reliance on oil imports from the United States after the EU embargo on Russian seaborne crude imports enters into force in early December, Claudio Descalzi, chief executive of Italy’s energy group Eni, told Bloomberg in an interview on Monday. The embargo on Russian crude imported by sea kicks in on December 5. Supply to
Oil Price Eni (NYSE: E) reported on Friday third-quarter core earnings and net profit beating analyst expectations amid what the Italian energy group described as an “excellent performance” of its Global Gas & LNG Portfolio. Eni’s adjusted net profit for the third quarter came in at $3.7 billion (3.73 billion euros), more than double compared to the same period of
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