(Reuters) – Russia’s Transneft said on Thursday that it was continuing to pump oil towards Germany via Poland and had not reduced flows since an oil leak was detected in the Polish section of the Druzhba pipeline. “We have not reduced transportation to Poland, they have dealt with the technical problem,” Sergei Andronov, the company’s …
Russia’s Transneft says it is not cutting oil flows to Poland and Germany Read More »
LONDON (Reuters) – Russian oil exports dropped by nearly 4% in September as sales to Europe fell sharply ahead of EU sanctions that kick in at the end of the year, the International Energy Agency said on Thursday. Russian oil exports fell by 230,000 barrels per day (bpd) in September to 7.5 million bpd, the …
Russian oil exports dip 4% in Sept. ahead of EU sanctions- IEA Read More »
By Lucy Raitano LONDON – The pound eased against the dollar and euro on Thursday but steered clear of this week’s two-week lows ahead of the end of the Bank of England’s emergency debt support programme on Friday and key U.S inflation data due later in the day. At 0830 GMT the pound was down …
Sterling hovers near two-week low as BoE bond-buying deadline looms Read More »
ZURICH (Reuters) -Siemens has signed a deal a with a joint venture of Stellantis, Mercedes Benz and TotalEnergies to supply equipment and technology for electric vehicle battery plants, the German engineering company said on Thursday. The joint venture – Automotive Cells Company – has a plan worth more than 7 billion euros ($6.79 billion) to …
Siemens signs deal to supply equipment for gigafactories JV Read More »
LONDON (Reuters) – British lenders expect less credit to be available during the three months to the end of November across mortgages, unsecured consumer lending and business loans, a Bank of England survey showed on Thursday. The BoE’s quarterly credit conditions survey took place between Aug. 30 and Sept. 16, before finance minister Kwasi Kwarteng’s …
UK lenders expect credit availability to fall – BoE Read More »
DORTMUND, Germany (Reuters) – Thyssenkrupp’s steel division, Europe’s second-largest, is feeling the impact of soaring energy prices and welcomes this week’s proposal by an expert commission to cap gas costs for industry, a senior executive said. “The energy crisis is hitting us hard, for sure,” Thyssenkrupp Steel Europe Chief Executive Bernhard Osburg said during the …
Thyssenkrupp steel boss: energy crisis ‘hitting us hard’ Read More »
PARIS (Reuters) – France will need to offload some users to save power in the event of a normal or particularly cold winter, a representative of EDF’s works council said on Thursday, adding the available power capacities would not be enough. (Reporting by Caroline Pailliaz; Writing by Tassilo Hummel; Editing by Benoit Van Overstraeten)
NAIROBI (Reuters) – Britain’s GSK will close its production facility in Kenya with the loss of an unspecified number of jobs, the Business Daily newspaper reported on Thursday. The pharmaceutical major joins other global firms like Unilever, which have shut production in the East African nation in recent years because of high costs, such as …
GSK to close its Kenya production plant with loss of jobs – report Read More »
By Devik Jain (Reuters) -Europe’s STOXX 600 index fell for a seventh day on Thursday, dragged by technology and real estate stocks, with investors focussed solely on U.S. inflation data due later in the day to gauge the Federal Reserve’s rate-hike trajectory. The region-wide index was down 0.5% by 0810 GMT, and on pace for …
Europe’s STOXX 600 falls for seventh day; U.S. CPI data eyed Read More »
By Marek Strzelecki and Miranda Murray WARSAW (Reuters) -Germany said on Wednesday it was receiving less oil but still had adequate supplies, after Poland found a leak in the Druzhba pipeline that delivers crude from Russia to Europe that Warsaw said showed no sign of being caused by sabotage. The discovery of the leak in …
Druzhba pipeline leak reduces Russian oil flows to Germany Read More »
