BP boosts dividend after profit hits 14-year high

BP boosts dividend after profit hits 14-year high

Profits soar to $8.45 bln, far exceeding forecasts BP boosts dividend by 10% BP to boost spending on oil and gas, CEO says Profits driven by strong oil trading, hit by LNG LONDON, Aug 2 (Reuters) – BP’s (BP.L) second quarter profit soared to $8.45 billion, its highest in 14 years, as strong refining margins … Read more

Shell smashes record again with $11.5 billion profit

Shell smashes record again with $11.5 billion profit

General view of a Shell petrol station sign in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers/File Photo GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Reuters.com Register Shell announced $6 bln buyback program Refining margins triple in second quarter Strong gas and power trading lift profits LONDON, July 28 (Reuters) – … Read more

Russian-occupied Kherson cut off as Ukraine counter-attacks – Britain

Russian-occupied Kherson cut off as Ukraine counter-attacks - Britain

Ukraine counter-offensive in Kherson gathering momentum – UK Russia in ‘massive redeployment’ in south, Ukraine says Russian-backed forces take over Vuhlehirsk plant Blinken says he plans call with Russia’s Lavrov July 28 (Reuters) – A Ukrainian counter-offensive has virtually cut off the Russian-occupied southern city of Kherson and left thousands of Russian troops stationed near … Read more

Russia cuts gas flows further as Europe makes savings plea

Russia cuts gas flows further as Europe makes savings plea

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 BERLIN/FRANKFURT, July 27 (Reuters) – Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and … Read more

Europe agrees compromised gas curbs as Russia squeezes supply

Europe agrees compromised gas curbs as Russia squeezes supply

Model of natural gas pipeline, EU and Russia flags, July 18, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register EU ministers agree to emergency gas use cuts Voluntary cuts would become binding in supply emergency Final deal exempts numerous countries, industries EU racing to save gas as Russia slashes supply BRUSSELS, … Read more

Oil rises for a second day on supply tightness concerns

Oil rises for a second day on supply tightness concerns

Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Russia’s Gazprom tightens squeeze on gas flow to Europe Fed expected to hike rates 75 bps on Wednesday Brent premium to US crude hits widest in … Read more

EU countries rewrite plan to cut gas demand, seek carve-outs

EU countries rewrite plan to cut gas demand, seek carve-outs

BRUSSELS, July 25 (Reuters) – European Union countries are seeking to soften the bloc’s plan to require them to use less gas as Europe prepares for a winter of uncertain supplies from its main gas supplier Russia. The European Commission proposed last week that the 27 EU member states each cut their gas use by … Read more

Russian gas cut to Europe hits economic hopes after Ukraine grain deal

Russian gas cut to Europe hits economic hopes after Ukraine grain deal

Gazprom says turbine halt will further cut gas to Germany United Nations hopes for grain exports in days US exploring overland routes after Russian strike KYIV, July 26 (Reuters) – Russia said it will cut gas supplies to Europe from Wednesday in a blow to countries that have supported Ukraine, just as there were hopes … Read more

Russia’s Gazprom tightens squeeze on gas flow to Europe

Russia's Gazprom tightens squeeze on gas flow to Europe

A view shows pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline in Lubmin, Germany, July 21, 2022. REUTERS/Annegret Hilse/File Photo Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, July 25 (Reuters) – … Read more

Ukraine’s ports to reopen under deal to be signed Friday, Turkey says

Ukraine's ports to reopen under deal to be signed Friday, Turkey says

UN, Turkey worked to broker Ukraine-Russia grains export deal Hopeful sign global food crisis could be eased Ukraine’s Zelenskiy sees potential for battleground gains July 22 (Reuters) – Russia and Ukraine will sign a deal on Friday to reopen Ukraine’s Black Sea ports to grain exports, Turkey said, raising hopes that an international food crisis … Read more