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

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

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

Pfizer to sell stake in GSK’s consumer health business after it lists

A person walks past a Pfizer logo amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, US, April 1, 2021. REUTERS / Carlo Allegri / File Photo Register now for FREE unlimited access to Register GSK said in February Pfizer would keep Haleon stake Haleon expected to … Read more

Finance faces new nature-positive disclosure requirements

DAVOS, Switzerland, May 26 (Reuters)-Financial firms already struggling with climate-compliance due to unclear measurement metrics will soon face new disclosure requirements for biodiversity, or nature-related, investments. “Nature is a financial risk for business,” Elizabeth Mrema, co-chair of the Taskforce on Nature-related Financial Disclosures (TNFD), told the Reuters Global Markets Forum, adding that $ 10 trillion … Read more

UK to set out new support to tackle cost-of-living pressures

A general view of the Houses of Parliament at sunrise, in London, Britain, February 9, 2022. REUTERS/Tom Nicholson Register now for FREE unlimited access to Register LONDON, May 25 (Reuters)-British finance minister Rishi Sunak will set out more details on Thursday of the government’s response to the growing cost-of-living pressures facing households, a spokesperson … Read more

Saudi finance minister says no immediate plans to transfer more funds to PIF

Saudi Minister of Finance Mohammed al-Jadaan gestures as he speaks during the Saudi Green Initiative Forum to discuss efforts by the world’s top oil exporter to tackle climate change, in Riyadh, Saudi Arabia, October 23, 2021. REUTERS/Ahmed Yosri Register now for FREE unlimited access to Register DUBAI, May 23 (Reuters) – Saudi Arabia’s finance … Read more