Ecuador oil output halved, indigenous leader says protests to carry on

QUITO, June 26 (Reuters) – Ecuador’s oil production has fallen by more than half due to road blockades and vandalism connected to nearly two weeks of anti-government protests, the energy ministry said on Sunday. The sometimes-violent demonstrations by largely indigenous marchers demanding lower fuel and food prices, among other things, began on June 13 and … Read more

Brazil’s Economy Ministry tries to limit spending on fuel-related subsidies, sources say

Brazil’s Economy Minister Paulo Guedes speaks during an opening ceremony of the OECD meeting at the Itamaraty Palace in Brasilia, Brazil June 21, 2022. REUTERS / Adriano Machado Register now for FREE unlimited access to Register BRASILIA, June 22 (Reuters) – Brazil’s Economy Ministry is trying to limit the cost of higher cooking gas … Read more

Australian power market operator says fire will not worsen energy crisis

The Liddell coal-fired power station is pictured in the Hunter Valley, north of Sydney, Australia, April 9, 2017. REUTERS / Jason Reed / File Photo / File Photo Register now for FREE unlimited access to Register SYDNEY, June 19 (Reuters) – The Australian Energy Market Operator (AEMO) said a fire that ripped through a … Read more

Norway oil sector union leader says wage deal is ‘good enough’

Equinor’s Johan Sverdrup oilfield platforms and accommodation jack-up rig Haven are pictured in the North Sea, Norway December 3, 2019. REUTERS / Ints Kalnins Register now for FREE unlimited access to Register OSLO, June 17 (Reuters) – The leader of a union representing Norwegian oil workers said she would recommend to members a wage … Read more

US Senate finance chair to propose tax on excess oil profits

Senator Ron Wyden (D-OR) speaks during the Senate Finance Committee hearing on the nomination of Chris Magnus to be the next US Customs and Border Protection commissioner, in the Dirksen Senate Office Building on Capitol Hill in Washington, DC, US, October 19 , 2021. Mandel Only/Pool via REUTERS Register now for FREE unlimited access to … Read more

EXCLUSIVE Pakistan finance minister to seek deferred payments for Qatari LNG

Pakistan’s Federal Minister for Finance and Revenue Miftah Ismail speaks during an interview with Reuters at his office, in Islamabad, Pakistan June 11, 2022. REUTERS/Salahuddin/File Photo Register now for FREE unlimited access to Register Pakistan’s FX reserves dwindle as global fuel prices spike Islamabad seeks third long-term LNG supply deal with Qatar Pakistan requests … Read more

US power use to rise in 2022 as economy keeps growing -EIA

A pylon of high-voltage electricity power lines are pictured during sunset in Cordemais near Nantes, France, January 20, 2022. REUTERS / Stephane Mahe Register now for FREE unlimited access to Register June 7 (Reuters) – US power consumption was on track to rise to record highs in 2022 and 2023 as the economy grows, … Read more

Shell lures Texans with green power from new US retail business

Shell logo and stock graph are seen in this illustration taken May 1, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Register LONDON, June 7 (Reuters) – Shell launched a new green power business for homes across Texas on Tuesday, aiming to lure customers with plans including free … Read more

Texas power use to hit record high on economic growth, hot weather

Overhead power lines are seen during record-breaking temperatures in Houston, Texas, US, February 17, 2021. REUTERS / Adrees Latif Register now for FREE unlimited access to Register June 6 (Reuters) – Power demand in Texas is set to break the all-time record this week, far ahead of the hottest days of summer, testing of … Read more

Pakistan slashes fuel subsidies in bid to control fiscal deficit -finance minister

KARACHI, Pakistan, June 2 (Reuters) – Pakistan will slash fuel subsidies for a second time in a week in a bid to control the fiscal deficit and secure International Monetary Fund (IMF) bailout money, the finance minister said on Thursday. Pakistan and the IMF concluded negotiations last week on the resumption of the bailout program, … Read more