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UK oil and gas sector faces $24 billion bill to plug old wells -report


British North Sea oil and gas producers will spend around 20 billion pounds ($24 billion) on dismantling over 2,000 unused

EU gas cap seen in place for one year, countries at odds over price level


The European Commission proposed introducing a gas price cap for one year from Jan.1, 2023, according to draft legislation seen

Asia jet fuel discount to diesel narrowest in 7 months, refiners may mull output switch


Asian jet fuel’s price discount to diesel was at its narrowest in seven months on Tuesday as supply of the

European companies are tapping bond markets again as investors return


European companies are again looking to sell bonds after months of turbulence in world markets as investors warm up to

Oil prices rise to near $90/bbl on U.S. crude stock drop


Oil prices rose on Wednesday as data showing a larger-than-expected U.S. crude drawdown last week outweighed concerns about lower demand

The Commodities Feed: Gas supply risks re-emerge


Energy – European Commission proposes TTF cap level

The oil market benefited from a broader rally of risk assets yesterday with

Oil prices retreat as investor sentiment darkens


Oil prices were hit by an abrupt reversal of sentiment last week, with investors selling at the fastest rate for

U.S. crude oil inventories down: API


The American Petroleum Institute (API) on Tuesday reported a decrease of 4.8 million barrels of crude oil in U.S. inventories

Ukrainians brace for bleak winter as Russian strikes cripple power capacity


President Volodymyr Zelenskiy appealed to Ukrainians to conserve energy amid relentless Russian strikes that have halved the country’s power capacity,

German gas price brake to apply retroactively from January – sources


The German government plans to apply a cap on gas prices, which will come into force in March 2023, retroactively

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