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Column: The recession will be necessary to rebalance the oil market

Column: The recession will be necessary to rebalance the oil market

LONDON, Sept 22 (Reuters) – Unused capacity in global oil production has fallen to exceptionally low levels, contributing to intense upward pressure on prices until very recently. Restoring idle capacity to more comfortable levels will require a slowing of the business cycle, which is why a recession or at least a serious downturn is inevitable. …

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Germany and the EU in the race to solve the energy crisis

Germany and the EU in the race to solve the energy crisis

Join now for FREE unlimited access to Reuters.com Register Germany plans to expand loans to energy companies EU securities watchdog mulls EU-wide measures The Commission will announce broader plans on Wednesday BERLIN/FRANKFURT, Sept 13 (Reuters) – Germany will step up lending to energy firms threatened with being crushed by soaring gas prices, it said on …

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EU mulls tax on fossil fuel companies to help consumers survive energy crisis

EU mulls tax on fossil fuel companies to help consumers survive energy crisis

Join now for FREE unlimited access to Reuters.com Register BRUSSELS, Sept 12 (Reuters) – Fossil fuel companies may have to share excess profits to help European households and industries cope with searing energy bills, a draft European Union plan said on Monday as the cost of the West’s “energy war”. with Russia has taken an …

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Oil rises 4% on supply threats, still forecast for weekly decline

Oil rises 4% on supply threats, still forecast for weekly decline

The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann Join now for FREE unlimited access to Reuters.com Register Oil benchmarks head for second weekly decline Putin threatens to cut off all energy sources Fed’s Waller: Need aggressive rate hikes now while economy …

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