EU countries at odds over possible gas price cap
European Union countries were at odds on Wednesday over whether to cap gas prices in the bloc, with France, Belgium and 13 other states stepping up their call for the move opposed by Germany and others.
EU Sees Sabotage In Gas Pipe Leaks, Norway Hikes Security
EU sees sabotage in gas pipe leaks, Norway hikes security
Why fracking holds such symbolic power for the Conservative right
The right wing of the Conservative party has often demonstrated scepticism if not hostility towards renewables and the transition to a low-carbon economy.
Oil prices mixed as hurricane Ian output cuts support, dollar weighs
Oil prices were mixed in early Asian trade on Wednesday as support from U.S. production cuts caused by Hurricane Ian contended with crude storage builds and a strong dollar.
Pound rebounds, stocks steady tracking recession risks
The dollar weakened slightly against major rivals Tuesday, helping the pound to rebound from a record low, while equity markets stabilised after recent volatility.
Rideshare, Retailers Brace For Tough U.S. Independent Contractor Rule
After weeks of lobbying the White House on how gig workers should be treated, the rideshare, delivery and retail industries are bracing for a new rule that is likely to make it easier to classify them as employees, multiple sources say.
Iran Security Forces Clash With Protesters Over Amini's Death
Iranian riot police and security forces clashed with demonstrators in dozens of cities on Tuesday, state media and social media said, amid continuing protests against the death of young Iranian woman Mahsa Amini in police custody.
Gas crisis lands LNG cargo market in hands of energy giants
Rocketing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international energy majors and top global trading houses.
France says inflation control is the main priority for 2023 budget
The fight against inflation is the biggest priority, France's finance minister said on Monday as he delivered a 2023 budget subject to what he called unprecedented uncertainty due to the fallout from Russia's war against Ukraine.
Italian shares outperform broader Europe after election results
Italian shares jumped nearly 1% on Monday, outperforming their regional peers as Telecom Italia and financial stocks advanced after the right-wing coalition led by Georgia Meloni looked set to win the country's general election.
Group of countries to push EU for gas price cap - letter
A group of European Union countries want to push Brussels to produce plans this week for a bloc-wide cap on the price of gas, according to a draft letter seen by Reuters.
Euro zone likely entering recession as price rises hit demand - PMI
A downturn in business activity across the euro zone deepened in September, according to a survey which showed the economy was likely entering a recession as consumers rein in spending amid a cost of living crisis.
EU watchdog proposes emergency brake for energy markets
A temporary brake on gas and electricity derivatives when prices spike could improve how energy markets operate, the European Union's securities watchdog proposed on Thursday, along with more fundamental changes over time.
UK government lifts gas fracking ban in England
The UK had in 2019 called a halt to fracking -- or hydraulic fracturing which is used to release hydrocarbons locked deep underground -- due to fears it could trigger earthquakes.
Britain unveils anti-inflation budget as recession looms
Britain on Wednesday announced a six-month plan to pay about half of energy bills for businesses.
Europe throws billions at energy crisis
Almost every week now, European governments are announcing emergency measures to protect households and businesses from the energy crisis stemming from Russia's war in Ukraine.
Europe's vegetable farmers warn of shortages as energy crisis bites
Emmanuel Lefebvre produces thousands of tonnes of endives on his farm in northern France annually, but this year he may abandon his crop because of the crippling energy costs required to freeze the harvested bulbs.
European shares fall as hawkish Fed stokes slowdown fears
European shares fell on Thursday, with tech stocks sliding after the U.S.
Bread sales can't cover energy bill at family-run Dutch bakery
For five generations, Dutchman Dennis Toebast's family has prospered as bread bakers.
Oil prices edged lower in early Asian trade on Thursday after the U.S.
Brent crude futures fell 16 cents, or 0.2%, to $89.67 per barrel by 0013 GMT, while U.S. West Texas Intermediate (WTI) crude dropped 15 cents to $82.79 per barrel.
European shares muted on Russian mobilisation, looming Fed decision
European shares traded in a narrow range on Wednesday as investors digested Russia's first mobilisation since World War Two while they waited for the U.S.
Europe burns cash to help businesses in deepening energy crisis
Germany nationalised gas importer Uniper on Wednesday and Britain capped wholesale electricity and gas prices for businesses, as Europe splurged cash to keep the lights and heaters on this winter amid an escalating war in Ukraine.
European governments spend half a trillion euros on energy crisis - report
Governments in Europe have earmarked nearly 500 billion euros in the last year to cushion citizens and companies from soaring gas and power prices, according to research published by think-tank Bruegel on Wednesday.
Analysis-Europe energy crisis may deepen with looming liquidity crunch
Europe's problems in sourcing oil and gas this winter after a dispute with Russia may be exacerbated by a new crisis in the market where prices are already red-hot: a liquidity crunch that could send them spiralling higher still.
German central bank sees signs of recession 'multiplying'
The German central bank said Monday it was increasingly likely that Europe's largest economy would shrink for a "prolonged" period as Russia throttled energy supplies to the continent.
Europe races to prepare for energy crunch this winter
European governments outlined new measures on Monday to cope with potential energy shortages this winter and raced to improve energy networks to share power, with Russian gas flows still running at severely reduced rates amid the Ukraine war.
Oil prices climb on weak dollar, supply concerns
Oil prices climbed during early Asian trade on Monday as a weaker dollar and supply concerns ahead of the European Union embargo on Russian oil in December offset fears of a global recession that could dampen fuel demand.
Germany takes control of Russian-owned refinery amid energy crisis
The German subsidiary of Russian oil giant Rosneft was placed under trusteeship on Friday, giving Germany's federal regulator control of the PCK refinery in Schwedt, a key source of fuel for the city of Berlin.
Shell CEO to step down, hand reins to renewables chief
Shell on Thursday announced the exit of chief executive Ben van Beurden as the British oil and gas giant looks to reinvent itself under group renewables boss Wael Sawan.
Shell Says CEO Stepping Down At End Of 2022
Shell says CEO stepping down at end of 2022