EU countries approve windfall energy profit levies, move towards gas price caps

EU approves windfall energy profit levies Countries consider capping gasoline prices as next step States divided on how to contain exorbitant prices BRUSSELS, Sept 30 (Reuters) – European Union countries agreed on Friday to impose emergency levies on the windfall profits of energy companies and began talks on their next move to tackle the energy … Read more

US says it has agreed to partnership with Pacific islands, offering ‘big dollar’ aid

WASHINGTON, Sept 28 (Reuters) – The United States said at a summit with Pacific island leaders on Wednesday that it had agreed to a future partnership with them and hinted at the prospect of “significant aid” to a region where they hope to stem China’s growing influence. The Washington Post quoted US officials as saying … Read more

Oil prices rise on surprise drop in US crude and fuel inventories

NEW YORK, Sept 28 (Reuters) – Oil prices rose on Wednesday on unexpected declines in U.S. crude and fuel inventories, offsetting downward pressure from the continued strength of the U.S. dollar. Brent crude futures were up $2.33, or 2.7%, at $88.60 a barrel as of 11:05 a.m. EST (1505 GMT). U.S. West Texas Intermediate (WTI) … Read more

Mysterious leaks hit Russian undersea gas lines, raising Europeans’ suspicions

Join now for FREE unlimited access to Register None of the Nord Stream pipelines were pumping gas at that time Both pipelines still contained gas under pressure Operator says damage to Nord Stream 1 ‘unprecedented’ Russian gas crisis sends prices skyrocketing Europe scrambled to find alternative supplies STOCKHOLM/COPENHAGEN, Sept 27 (Reuters) – European countries … Read more