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Back to Russian gas? Trump-wary EU has energy security dilemma

By America Hernandez, Riham Alkousaa and Marwa Rashad PARIS/BERLIN (Reuters) – More than three years after Russia’s invasion of Ukraine, Europe’s energy security is fragile. U.S. liquefied natural gas helped to plug the Russian supply gap in Europe during the 2022-2023 energy crisis.  But now that President Donald Trump has rocked relationships with Europe established …

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UK confident of keeping British Steel going, China urges fairness

By Sam Tabahriti and Dominic Lipinski SCUNTHORPE, England (Reuters) – Britain expressed confidence on Monday that it could secure enough raw materials to keep the blast furnaces burning at its last maker of virgin steel, after the government seized operational control from its Chinese owners. Ministers said British Steel’s owners, China’s Jingye Group, had wanted …

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Italy’s Eni signs MoU with Argentina’s YPF on LNG project

(Reuters) – Italian energy group Eni said on Monday it signed a memorandum of understanding (MoU) with Argentine state-run oil producer YPF on its possible participation in an liquefied natural gas (LNG) project in Argentina. The Argentina LNG project aims to develop the onshore “Vaca Muerta” gas field and supply international markets by exporting up …

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OPEC cuts global oil demand growth forecasts, citing US tariffs

By Alex Lawler, Olesya Astakhova and Vladimir Soldatkin LONDON (Reuters) -OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the impact of data received for the first quarter and trade tariffs announced by the United States. The Organization of the Petroleum Exporting Countries, in a monthly …

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As economy stalls, Germany struggles to get consumers spending

By Maria Martinez BERLIN (Reuters) – With global trade deeply uncertain and a tariff war causing havoc on financial markets, Germany’s next government is hoping to unleash domestic consumption to revive stalled growth in an economy that has been driven for decades by exports. Conservative chancellor-in-waiting Friedrich Merz, in a newly forged coalition with the …

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International Paper in talks to divest five plants in Europe

(Reuters) – International Paper said on Monday it has entered into exclusive negotiations with a family-owned company to sell its five corrugated box plants in Europe to meet the regulatory commitments for the acquisition of UK rival DS Smith. The company, which has been looking to expand its presence in the paper and packaging sector …

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ExxonMobil drill off Cyprus fails to find gas in commercial amounts-Ministry

NICOSIA (Reuters) – An exploration drill by ExxonMobil offshore Cyprus has failed to find commercial quantities of natural gas, the island’s energy ministry said on Monday.  Drilling operations had been completed at the Elektra-1 well in Block 5 of the exclusive economic zone (EEZ) of Cyprus, it said. “Well data and preliminary evaluation work indicate …

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Russia sees stable oil exports and booming gas business by 2050

MOSCOW (Reuters) – Russia, the world’s second biggest oil exporter and the second largest natural gas producer, sees stable crude production and significant growth in natural gas production and exports over the next quarter century, according to its new energy strategy. Russia’s pipeline gas exports to Europe, once its main trading partner, collapsed following the …

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