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Top Stories

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Libya's Haftar says he will lift oil blockade, with conditions

Eastern Libyan commander Khalifa Haftar announced on Friday he would lift for one month his blockade of oil output and said he had agreed with the rival Tripoli government on "fair distribution" of energy revenue.

Exclusive: International lenders back $9.5 billion financing for Russia's Arctic LNG 2 - document

福利网站International lenders have lined up about $9.5 billion in financial support for a Russian Arctic liquefied natural gas (LNG) project, a document seen by Reuters showed, even as such projects come under greater scrutiny over climate concerns.

Oil workers flee as third storm in month aims for U.S. offshore fields

Royal Dutch Shell Plc <RDSa.L> halted some oil production and began evacuating workers from a U.S. Gulf of Mexico platform, the company said on Friday, as a new tropical storm flared.

New storm stirs in U.S. Gulf as oil production recovers from Sally

A new Tropical Storm stirred on Friday in the Gulf of Mexico off the coast of Mexico as energy firms continued to reopened more offshore crude oil production shut just days earlier.

Latest News

India's Modi defends new law as critics warn of risks to farmers

福利网站Indian Prime Minister Narendra Modi defended new laws aimed at lifting restrictions on farmers on Friday after protests by opposition parties, some farming bodies and even an ally of his Bharatiya Janata Party.

Column: Oil recovery waits for international flying to return - Kemp

Jet fuel consumption remains the hardest hit section of the global oil market as passengers avoid air travel as a result of the pandemic and government travel restrictions.

U.S. Commerce chief defends help for airlines, farmers amid COVID-19

U.S. Commerce Secretary Wilbur Ross on Friday defended additional government help for industries such as farming and airlines amid the novel coronavirus pandemic, but signaled little further aid for other sectors such as restaurants.

In Wisconsin, Trump announces $13 billion in farm aid

U.S. President Donald Trump announced a new round of pandemic assistance to farmers of about $13 billion at a campaign rally in Wisconsin on Thursday night, delivering aid to an important sector in a crucial battleground state.

Germany's eastern states back completion of Nord Stream 2: Bild

福利网站The premiers of Germany's eastern states have passed a resolution in support of the Nord Stream 2 pipeline from Russia to Germany, daily Bild reported on Friday.

Libya's Haftar says army has decided to resume output of oil

福利网站Eastern Libyan commander Khalifa Haftar said in a broadcast on Friday that his forces had decided to resume oil production after having blockaded export facilities since January, without giving further details.

U.S. energy firms tally damages from Hurricane Sally, begin restarts

Storm-tossed U.S. offshore energy producers and exporters began clearing debris on Thursday from Hurricane Sally and booting up idle Gulf of Mexico operations after hunkering down for five days.

Uncertainty over French power needs requires vigilance: grid firm RTE

福利网站The ability of France to meet electricity needs this winter does not appear at risk for now but the uncertain demand outlook calls for vigilance, power grid operator RTE said on Friday.

Tereos sees its French sugar beet yields down 12% as harvest starts

福利网站Sugar group Tereos expects the average yield for its French growers in this year's sugar beet harvest to fall by about 12% from last year after crop disease hit some growing regions, it said on Friday.

Pandemic to trim China's 2020 gas demand growth to 4.2%: government report

福利网站China's natural gas consumption is expected to grow at 4.2% in 2020, the slowest pace in five years, a government research report said, after the coronavirus pandemic slowed economic activity and dented demand for energy.

Production at Appomattox platform in Gulf ramping up: Shell

福利网站Shell has started ramping up production at Appomattox, its largest floating platform in the Gulf of Mexico, after it was shut due to Hurricane Sally, the company said on Thursday.

Libya's NOC says lifting force majeure is tied to demilitarising oil facilities

The chairman of Libya's National Oil Corporation (NOC) said on Friday that lifting the force majeure restrictions that have halted oil exports from the war-torn country depends on demilitarising all oil facilities.

Brazil's Petrobras puts fertilizer unit up for sale

福利网站Brazil's Petrobras said on Thursday that it had released a teaser regarding the sale of its stake in fertilizer firm Araucária Nitrogenados S.A. in the state of Parana.

EU climate plan could see bloc's carbon price double this decade

Carbon costs for Europe's businesses could double this decade under European Union plans to deliver deeper emissions reductions by 2030, according to analysis of European Commission modelling.

Petrobras CEO says 11,000 employees to leave company by end-2021

福利网站Approximately 11,000 employees of Brazilian state-run oil company Petrobras have accepted buyout packages and will leave the firm this year or next, Chief Executive Roberto Castello Branco said during an online event on Thursday.

Energy buyout firm Riverstone preparing cleantech SPAC IPO: sources

福利网站Riverstone Holdings LLC, one of the oil and gas sector's largest private equity investors, is planning a blank-check acquisition company that will buy a business in the clean energy industry, people familiar with the matter said on Thursday.

U.S. shelves Wyoming oil and gas leasing plans over sage grouse

The Trump administration has shelved plans to offer nearly 350,000 acres for oil and gas leasing in Wyoming next week, according to documents seen by Reuters on Thursday, citing protections for a threatened Western bird.

Trump plan to bail out refiners triggers outcry from lawmakers

U.S. lawmakers from both sides of the aisle spoke out on Thursday against the potential use of Department of Agriculture funds to bail out refiners that are denied exemptions from the nation's biofuel blending laws.

Oil rises 2%, reverses loses as OPEC+ addresses market weakness

福利网站Oil prices rose more than 2% on Thursday, turning positive as OPEC and its allies said the producer group would crack down on countries that failed to comply with output cuts and planned to hold an extraordinary meeting in October if oil markets weaken further.

Energy firms shut 31% of U.S. Gulf offshore crude oil production: regulator

About 31%, or 567,770 barrels per day (bpd), of offshore crude oil production in the U.S.-regulated northern Gulf of Mexico remained shut by energy firms on Thursday, the U.S. Bureau of Safety and Environmental Enforcement said.

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