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By Rachel More and Tom Käckenhoff BERLIN (Reuters) – Thyssenkrupp Nucera laid out growth plans on Monday after reporting strong sales and operating income, as the company works to meet growing demand for the green hydrogen hailed as key to decarbonising the German economy. “Another strong global workforce expansion is planned and necessary to achieve […]

By Casey Hall and Albee Zhang BEIJING (Reuters) -Chinese consumers stayed away from sea food stalls and rushed to stock up on salt following Beijing’s condemnation of Japan’s release on Thursday of treated radioactive water into the Pacific Ocean from the wrecked Fukushima nuclear plant. During the past few weeks, China’s state media and government […]

(Reuters) -U.S. natural gas producer Chesapeake Energy said on Monday it would sell its remaining Eagle Ford assets to SilverBow Resources for $700 million, completing its exit from the south Texas basin. The company’s asset sales in the basin has generated total proceeds of more than $3.5 billion, including Monday’s deal. Chesapeake said last year […]

By Natalie Grover and Alex Lawler LONDON (Reuters) -OPEC+ supply cuts could erode oil inventories in the rest of this year, potentially driving prices even higher, before economic headwinds limit global demand growth in 2024, the International Energy Agency (IEA) said on Friday. Tighter supply driven by oil output cuts from OPEC and its allies, […]

By Alex Lawler LONDON (Reuters) -Oil hit new peaks on Wednesday with Brent crude touching the highest since April as tighter supply owing to Saudi and Russian output cuts offset concerns over slow demand from China and a report showing rising U.S. crude inventories. Top exporter Saudi Arabia last week extended its voluntary production cut […]

By Nick Carey, Paul Lienert and Victoria Waldersee POOLE, England (Reuters) – A little-publicized clause in the U.S. Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America, putting the region at the forefront of a global race to undermine China’s dominance of the field. The IRA includes a clause that […]

By Natalie Grover LONDON (Reuters) -Oil prices were little changed on Wednesday in a market caught between expectations supply cuts by the world’s biggest fuel exporters will drive prices higher and concerns global economic weakness will sap demand. Brent futures had edged up 20 cents to $79.60 a barrel by 1145 GMT, while U.S. West […]

By Alex Lawler and Natalie Grover LONDON (Reuters) -Oil rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August, overshadowing concern over a global economic slowdown and the potential for further increases to U.S. interest rates. Saudi Arabia on Monday said it would extend its voluntary cut of one million […]

By Ron Bousso and Shadia Nasralla LONDON (Reuters) -Shell will ramp up its dividend and share buybacks while keeping oil output steady into 2030, it said on Wednesday, as CEO Wael Sawan moved to regain investor confidence that wavered over its energy transition plan. In a new financial framework announced ahead of an investor conference […]

By Noah Browning LONDON (Reuters) -Oil prices fell on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge its appetite for further rate hikes and amid concerns about the prospects for Chinese demand and rising Russian supply. Brent crude futures was down $1.42, or 1.9%, to $73.37 a barrel by 0902 […]