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Oil prices rise on spectre of Europe energy rationing

A view shows oil terminal Kozmino near Nakhodka
Oil prices climbed on Thursday, paring some of their steep losses in the previous session, as the potential for an energy standoff between European nations and Russia overshadowed fears of recession and rising inflation.

Oil dips on symbolic OPEC+ output cut

Oil pump jacks at Vaca Muerta in Argentina
Oil prices slipped early on Tuesday, paring the previous session's 3% gain, as an OPEC+ deal to cut output by 100,000 barrels per day in October was seen as a largely symbolic move to stem the market's recent slide.
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OPEC logo is pictured at its headquarters in Vienna

Oil mixed as OPEC supply cut prospect offsets demand fears

Oil prices were mixed on Monday as investors balanced expectations the OPEC will cut output to support prices against concerns sparked by Federal Reserve Chairman Jerome Powell saying the United States will face slow growth "for some time".
The German government says the drop in the sales tax on gas will outweigh a surcharge gas companies can apply

Germany to lower tax on gas to help consumers

Chancellor Olaf Scholz said on Thursday that Germany would temporarily slash the sales tax on gas to help consumers facing soaring bills amid a crunch in Russian energy supplies.
A sticker reads crude oil on the side of a storage tank in the Permian Basin

Oil prices ease as Russia output increases

Oil prices eased on Thursday, reversing course from the previous session, as rising output from Russia and worries about a potential global recession weighed on futures.
Inauguration of the Interconnector Greece-Bulgaria (IGB) gas pipeline, that will carry gas from Komotini to Stara Zagora in Bulgaria, in Komotini

Explainer-Why Europe faces climbing energy bills

A global surge in wholesale power and gas prices means households across Europe face much higher energy bills this year and beyond, with the region's most vulnerable exposed to fuel poverty, consumer groups say.
Signage is seen on a gasoline pump at an Exxon gas station in Brooklyn, New York City

Big oil set to open cash taps with another record quarter

Top Western energy companies are expected to unleash billions in returns to shareholders when they announce what is set be a second-straight quarter of record-breaking profits, lifted by stellar refining margins and high oil and gas prices.