By Kate Abnett BRUSSELS (Reuters) – The European Union is on track towards its goal of ending Europe’s reliance on Russian fossil fuels within this decade, the European Commission said on Tuesday. European countries are heading into their second winter with scarce Russian gas, after Moscow slashed deliveries last year…

By Marianna Parraga, Laura Sanicola and Arathy Somasekhar HOUSTON (Reuters) – Global energy traders are emerging as early buyers of Venezuela’s stocks of crude and fuel oil following last week’s easing of U.S. energy sanctions, according to people familiar with the matter. U.S. sanctions that were in place on Venezuela…

WASHINGTON (Reuters) – U.S. President Joe Biden and Australian Prime Minister Anthony Albanese will announce a plan to cooperate on technological innovations, including artificial intelligence, clean energy, and critical minerals, during their meeting in Washington this week, the White House said on Tuesday. “They are going to be announcing new…

RIO DE JANEIRO (Reuters) – The board of Brazilian state-run oil giant Petrobras should decide whether or not extra dividends will be paid out near the end of the year, the firm’s Chief Financial Sergio Caetano told Reuters on Tuesday. “No decision has been taken as to whether or not…

Investing.com – Gold prices dipped modestly for a second day in a row, staying not too far from the key $2,00 an ounce level Tuesday, as Europe’s economic woes helped the preferred safe-haven hold its own against the — even as reduced intensity in the Israel-Hamas war created less need…

Investing.com – Investors who rushed into oil thinking it could be a hedge to the Israel-Hamas war are beginning to find out that black gold isn’t quite the haven that gold itself is reputed to be. Crude prices tumbled another 2% Tuesday, adding to the previous session’s 3% rout, wiping…

Investing.com – US crude stockpiles possibly fell as much as 2.7 million barrels last week, petroleum trade group API said Tuesday, reporting a second straight week of declines that suggested that strong exports were again influencing inventories. Declines were also seen in inventories of gasoline, the premier US fuel product…

By Valerie Volcovici WASHINGTON (Reuters) – Emerging U.S. businesses in the energy transition supply chain such as hydrogen and wind power should act fast to avoid being dominated by China, a senior State Department official said on Tuesday. Geoffrey Pyatt, assistant secretary for energy resources at the State Department, said…

By Shariq Khan BENGALURU (Reuters) -Oil prices fell on Tuesday for the third straight session after a flurry of slow economic data from Germany, the euro zone and Britain weighed on the outlook for energy demand. futures fell $1.76, or 2%, to settle at $88.07 a barrel, while U.S. West…

SINGAPORE (Reuters) – China announced on Friday that it will require export permits for certain graphite products to protect national security, its latest move to curb shipments of minerals that are critical to the energy transition. Graphite, a soft form of carbon, is a key component of batteries for electric…