Oil
Energy prices in Germany remain high
Producer prices for energy in January 2023 were still a third higher than a year earlier. The most affected was the price of natural gas, which rose by 50 percent, followed by the price of electricity, which increased by 27.3 percent. Petroleum products such …
ExxonMobil strengthens its ambitions in energy trading
ExxonMobil plant einen erneuten Vorstoß in den Energiehandel, um es mit Rivalen wie Shell und BP aufzunehmen, die sich seit langem auf den Kauf und Verkauf von Rohstoffen stützen, um ihre Gewinne zu steigern.
Shell profits double to $40 billion
Shell has posted record profits of nearly $40 billion for 2022 after a turbulent year in energy markets that drove up costs for households and exposed many of the challenges of moving away from hydrocarbons.
The British oil and gas producer Harbor Energy warns of the risk of tax losses
Harbor Energy, the largest oil and gas producer in Britain's North Sea, has warned the government it could be forced to reconsider its investments in the country if the tax on profits is increased.
ExxonMobil accuses Russia of 'expropriation'
ExxonMobil has pulled out of the country after the government "expropriated" its largest oil field in Russia, raising the possibility of a multi-billion dollar legal battle with the Kremlin.
IMF: Middle East countries can look forward to $1.3 billion in oil money
According to the IMF, the energy-rich countries of the Middle East will earn up to $1.3 billion in additional oil revenues over the next four years, a windfall that will add to the firepower of the region's sovereign wealth funds at a time when global asset …
US fossil fuel industry wants to get involved in hydrogen production
In the months leading up to the historic US climate bill, Jim Justice, the billionaire coal magnate and West Virginia governor who believes in divine intervention as a solution to climate change, became a hydrogen advocate. The unlikely advocate of a …
US oil producers resist calls for more oil production
America's biggest oil and gas producers are keeping supply under wraps and defying calls from the Biden administration to increase production, even as soaring fuel prices from the Russian war in Ukraine are fueling hefty profits.
Putin orders transfer of Sakhalin-2 gas project to Russian company
Wladimir Putin hat die Übertragung aller Rechte am Sachalin-2-Erdgasprojekt an ein russisches Unternehmen angeordnet. Dies könnte ausländische Investoren wie Shell, Mitsubishi und Mitsui dazu zwingen, sich von dem Projekt zurückzuziehen.
EU warns of 'regression' on fossil fuels as coal supplants Russian gas
The President of the European Commission has warned EU member states to backtrack on their long-term efforts to cut fossil fuel consumption after Germany, Austria and the Netherlands said they would start up coal-fired power plants after Russia cut gas …