By Alex Lawler, Ahmad Ghaddar and Olesya Astakhova LONDON/MOSCOW (Reuters) -OPEC+ has moved closer to a compromise with African oil producers on 2024 output levels, four OPEC+ sources told Reuters, after disagreements over those targets forced the group of oil-producing nations to postpone a key meeting. OPEC members Angola and…

MEXICO CITY/COPENHAGEN (Reuters) – A Danish fund will invest $10 billion in a development hub in southern Mexico to produce green hydrogen for ships and to replace fossil fuel use, Mexican President Andres Manuel Lopez Obrador said on Friday. One of Lopez Obrador’s key infrastructure projects is the development of…

By Laura Sanicola (Reuters) -Oil fell on Friday as the release of some hostages in Gaza reduced the geopolitical risk premium, but prices notched their first week of gains in over a month ahead of next week’s OPEC+ meeting to decide on production cuts in 2024. futures settled down 84…

By Max Hunder KYIV (Reuters) -Ukraine needs more air defences to protect its grain export routes as well as regions bordering Russia, President Volodymyr Zelenskiy said on Saturday, as he addressed an international summit on food security in Kyiv. “There is a deficit of air defence – that is no…

Kenya’s Energy and Petroleum Secretary, David Chirchir, has warned of a possible increase in petrol prices to Sh300 per liter, driven by the ongoing Israel-Gaza conflict and the global petroleum price surge. This comes despite the Central Bank of Kenya (CBK) reporting a decline in international oil prices, with Murban…

(Reuters) – U.S. dropped about 7% to a one-week low on Monday on record output and forecasts for mild weather to continue through late November, keeping heating demand low and allowing utilities to keep injecting gas into storage for at least a couple more weeks. “Near-term weather forecasts have been…

(Reuters) – The United States is seeking to buy up to three million barrels of oil for delivery in January 2024 to replenish the country’s strategic petroleum reserve, the Department of Energy said on Monday. “This is the second solicitation for January 2024 delivery as DOE aims to purchase oil when it…

Investing.com — Oil prices rose Monday, rebounding after last week’s hefty losses on the expectation of a tight supply situation for the rest of the year after a couple of major producers reaffirmed their commitment to extra voluntary output cuts. New York-traded , or WTI, crude for December delivery, settled…

By David Shepardson WASHINGTON (Reuters) -Two influential Democratic U.S. senators urged the Energy Department to take steps to boost U.S. battery manufacturing and next-generation battery research, citing China’s dominance and export controls, according to a letter seen by Reuters. Senate Intelligence Committee Chair Mark Warner and Energy Committee Chair Joe…

By Valerie Volcovici WASHINGTON (Reuters) -The Biden administration on Monday said it will invest $2 billion in 150 federal building projects across 39 states that use materials that minimize carbon emissions, its latest effort to tackle climate change through government purchasing power. The General Services Administration will prioritize the purchase…