Wednesday, August 12, 2026
EBRD stops investing in upstream oil and gas to align with Paris goals- oil and gas 360

EBRD stops investing in upstream oil and gas to align with Paris goals

Reuters LONDON – The European Bank for Reconstruction and Development (EBRD) will stop investing in upstream oil and gas projects as part of plans to align its activities with the goals of the Paris Agreement on climate change by the end of 2022, it said on Thursday. The lender’s board of governors approved the decision to align with the Paris

Global gas prices rally on hot summer, storage demand- oil and gas 360

Global gas prices rally on hot summer, storage demand

Reuters SINGAPORE/SHANGHAI/LONDON – Global prices for natural gas are at multi-year highs, with high temperatures driving up demand for power generation in the northern hemisphere for air conditioning and as traders in some regions replenish stocks ahead of winter. Prices for liquefied natural gas (LNG) cargoes delivered in Asia rose above $13 per million British thermal units (mmBtu) this week,