Post Tagged with: "high prices"

Source: Reuters

Explainer: Can joint gas buying tackle Europe’s high prices?

Reuters


BRUSSELS/LONDON – The European Union is expected to propose a system this week to allow countries to jointly buy strategic stocks of gas, a measure drawn up in response to soaring energy prices.

Benchmark wholesale European gas prices rose …

Source: Reuters

OPEC says high prices to dampen pace of oil demand recovery

Nasdaq


LONDON, Nov 11 – OPEC on Thursday cut its world oil demand forecast for the last quarter of 2021 as high energy prices curb the recovery from COVID-19, delaying the timeline for a return to pre-pandemic levels of oil …

Source: Reuters

U.S. shale firms hesitate to pump – or hedge – more, despite oil high prices

Reuters


NEW YORK – OPEC’s sudden disarray would seem to be an opportunity for U.S. shale producers to lock in profits, with oil prices near multi-year-highs, but sources at those companies say they are not taking chances with the market’s …