Italian Deputy Premier Matteo Salvini vowed to change European Union rules in order to push through his promise of a 15% flat tax for everyone, as his top aide turned against Prime Minister Giuseppe Conte. Salvini and his rightist League kicked off the week by opening fire on several fronts ahead of the European Parliament …
Bloomberg Moscow/London Key producers in Opec signalled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages. It was less clear how far Russia, their main partner in the wider Opec+ producers’ coalition, shared that view. While most nations at a meeting in Saudi Arabia …
Delays in tackling cli- mate change could cost companies about $1.2tn worldwide during the next 15 years, according to the UN. That’s the preliminary anal- ysis of a UN Environment Fi- nance Initiative project that brought together 20 global fund managers to measure the impact of climate change on 30,000 of the largest listed companies. …
HOUSTON (Reuters) – Hungarian Foreign Minister Peter Szijjarto said on Wednesday his country would again turn to Russia for natural gas supplies if Exxon Mobil Corp has not decided by September whether to invest in a massive Black Sea offshore project. Romania’s Black Sea reserves pose a potential challenge to Russian Gazprom’s dominant role supplying …
By Mark Paul And Anthony Underwood/Sarasota Climate change is the world’s most urgent problem, and in the United States, the left, at least, is taking it seriously. Earlier this year, Representative Alexandria Ocasio-Cortez of New York and Senator Edward Markey of Massachusetts, both Democrats, introduced a Green New Deal (GND) resolution, which offers a blueprint …
Bloomberg/Singapore Argentina is offering its first-ever liquefied natural gas cargo, putting the nation on the verge of becoming a regular exporter of the fuel. YPF SA, the state-run oil and gas producer, is seeking to sell a partial cargo from the Tango floating liquefaction unit, or FLNG, at Bahia Blanca, according to traders with knowledge …
When BP Plc meets with shareholders next week, it’ll be facing one of the clearest signals yet that the fossil-fuel business is facing an adapt-or-die reckoning. A resolution at the company’s annual general meeting on May 21 will ask BP to prove in a series of reports how individual capital investments, and its overall business …
Interest in the Eastern Mediterranean has increased during the last years with the discovery of major gas fields such as Tamar, Leviathan and the giant Zohr field in Egypt. These have opened up major opportunities for new discoveries, but also for oil and gas investments in the region. The First Eastern Mediterranean Energy Leadership Summit will be …
LONDON (Reuters) – Liquefied natural gas (LNG) prices in Asia held largely steady this week, taking a breather after recovering from a significant dip in March. LNG for delivery in northeast Asia in June is estimated at $5.60 per million British thermal units (mmBtu), the same level as last week. The July price is seen …
Venture Global LNG Inc revealed a massive expansion of its plans to send super-chilled US natural gas overseas, a move that would almost triple the nation’s ability to export the fuel. The Arlington, Virginia-based company will work with Baker Hughes to develop projects that could produce as much as 60mn tonnes of liquefied natural gas …