A view shows pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline in Lubmin, Germany, July 21, 2022. REUTERS/Annegret Hilse/File Photo

Europe agrees compromise gas curbs as Russia squeezes supply

BRUSSELS, July 26 (Reuters) – European Union countries approved a weakened emergency plan to curb their gas demand on Tuesday, after striking compromise deals to limit the cuts for some countries, as they brace for further Russian…

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People rest in a temporary shelter for Ukrainian refugees, located near the Polish-Ukrainian border in a former shopping center in Przemysl, Poland, on March 8, 2022. (Photo by Louisa GOULIAMAKI / AFP)

Shell says it will stop buying Russian oil, natural gas, as over two million flee Ukraine

Energy giant Shell said Tuesday that it will stop buying Russian oil and natural gas and shut down its service stations, aviation fuels and other operations in the country amid…

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Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo

Oil prices hit 7-year highs as tight supply bites

LONDON (Reuters) – Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight…

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Thailand to produce only B7 diesel fuel until next March to reduce diesel prices

Thailand’s Energy Policy and Planning office (EPPO) decided today (Wednesday) to instruct oil refineries to produce just one type of diesel fuel (B7), from December until next March, to lower the price…

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Army trucks and men on standby in case truckers go on strike in Bangkok

The Royal Thai Army’s (RTA) First Division of the Royal Guards has put a fleet of 34 trucks and drivers on standby to help with cargo transport, in case truck…

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Thai cabinet approves ฿20bn loan to reduce diesel prices

Thailand’s cabinet today (Tuesday) approved a 20 billion baht loan, from the State Oil Fund, to maintain diesel prices at no more than 30 baht per litre for 4 months….

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Thanathorn says General Apirat’s controversial speech may fuel hatred among Thais

Future Forward party leader Thanathorn Juangroongruangkit expressed concern today (Saturday) that Army Command-in-Chief General Apirat Kongsompong’s speech, given at the Army headquarters yesterday, may fuel the fire of hatred among…

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Government to give 1,500 baht/rai cash handouts to oil palm planters

In yet another populist move, the National Oil Palm Committee led by Deputy Prime Minister Prawit Wongsuwan plans to give away 1,500 baht/rai cash handout to 150,000 oil palm planters…

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