Germany Drops Opposition to Embargo on Russian Oil
Germany-which had been one of the main opponents of sanctioning the European Union's oil and gas trade with Moscow-is now ready to stop buying Russian oil, clearing the way for an EU ban on crude imports from Russia, government officials said.
Cnooc Shares Gain After First-Quarter Net Profit Surged
Shares of Chinese oil major Cnooc Ltd. gained in early Friday trade after its first-quarter net profit more than doubled on higher global oil prices.
Oil ends higher as report says Germany ready to stop buying Russian crude
Oil futures end higher Thursday after The Wall Street Journal reported that Germany was prepared to stop buying Russian crude, clearing the way for a European Union embargo.
As Europe Thirsts for Natural Gas, U.S., EU Signal Support for Long-Term Deals
With Russia moving to pinch natural gas supplies to parts of Europe, U.S. and European Union officials are indicating that they are more open to longer-term deals to ship American fuel across the Atlantic.
Hess Unit Files for Bankruptcy to Resolve Refinery Asbestos Lawsuits
A subsidiary of the Texas-based energy company pushed into chapter 11 roughly 580 lawsuits stemming from a St. Croix oil refinery ahead of a trial set to begin next week
Oil Middlemen Fueled Putin's War Machine. Now They're Getting Out.
Russia relies on exporters like discreet Swiss firm Trafigura to sell its crude supply, but Ukraine invasion tested even their legendary tolerance for risk.
Natural-Gas Producers: In Thin Air
Geopolitical risks are pushing natural-gas prices, and producer stocks, to the stratosphere.
Elliott Takes Suncor Stake, Seeks Management Shake-Up
The activist investor pushes for board seats and a management review as it discloses a 3.4% stake.
Iran Ramps Up Oil Exports as China Pulls Back on Russian Crude
Iran's growing oil exports illustrate how the invasion of Ukraine is redrawing the world's energy trade routes, as energy consumers look for alternatives to Russian oil and gas to avoid Western sanctions.
The Permian Basin Oil Field Is Running Out of Workers, Materials-and Cash
Drillers in America's most prolific oil region face long delays, rising costs as supply-chain crunches mount.
(END) Dow Jones Newswires
04-29-22 0015ET
