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☆ India will weigh what Russia has to offer on Sakhalin-1 ownership revamp
  + stars: | 2022-10-11 | by ( Marianna Parraga Gary Mcwilliams | Marianna Parraga | Gary Mcwilliams | ) www.reuters.com   time to read: +3 min
REUTERS/Sergei Karpukhin (RUSSIA)HOUSTON, Oct 10 (Reuters) - India maintains a "healthy dialogue" with Russia and will look at what is offered following an announced ownership revamp to the Sakhalin-1 oil and gas project, Petroleum Minister Hardeep Singh Puri told Reuters. "We’ll look at what is the state of play and what’s on offer," Petroleum Minister Hardeep Singh Puri told Reuters in an interview on Monday following meetings with U.S. oil executives in Houston. On the proposed European Union price cap on Russian oil purchases, he suggested it is not yet firm. "At no stage have we ever been told not to buy Russian oil," he said, referring to talks with officials on global energy supplies. India is interested in the U.S companies' technical expertise in offshore production, ethanol and sulfur recovery in oil refineries, Puri added.
☆ Oil prices slide as dollar strengthens, China COVID-19 woes dampen demand
  + stars: | 2022-10-11 | by ( Isabel Kua | ) www.reuters.com   time to read: +3 min
Companies Exxon Mobil Corp FollowSINGAPORE, Oct 11 (Reuters) - Oil prices fell on Tuesday, extending nearly 2% losses in the previous session, as a stronger U.S. dollar and a flare-up in COVID-19 cases in China increased fears of slowing global demand. Brent crude futures fell 57 cents, or 0.6%, to $95.62 a barrel by 0031 GMT, after falling $1.73 in the previous session. U.S. West Texas Intermediate crude was at $90.58 a barrel, down 55 cents, or 0.6%, after losing $1.51 in the previous session. A strong greenback reduces demand for oil by making it more expensive for buyers using other currencies. The sustained zero COVID-19 policy in China ahead of a Communist Party congress is "not helping" demand, the analysts added.
☆ Oil prices slide as dollar strengthens, China Covid-19 woes dampen demand
  + stars: | 2022-10-11 | by ( ) www.cnbc.com   time to read: +3 min
Oil prices fell on Tuesday, extending nearly 2% losses in the previous session, as a stronger U.S. dollar and a flare-up in Covid-19 cases in China increased fears of slowing global demand. Brent crude futures fell 57 cents, or 0.6%, to $95.62 a barrel by 0031 GMT, after falling $1.73 in the previous session. U.S. West Texas Intermediate crude was at $90.58 a barrel, down 55 cents, or 0.6%, after losing $1.51 in the previous session. A strong greenback reduces demand for oil by making it more expensive for buyers using other currencies. The sustained zero Covid-19 policy in China ahead of a Communist Party congress is "not helping" demand, the analysts added.
☆ French union rejects wage talk 'blackmail' as refinery strikes drag on
  + stars: | 2022-10-10 | by ( Tassilo Hummel | ) www.reuters.com   time to read: +3 min
REUTERS/Eric GaillardPARIS, Oct 10 (Reuters) - France's CGT trade union denounced TotalEnergies' (TTEF.PA) conditional offer for early wage talks as "blackmail", saying strikes that have left a third of the country's fuel stations running short would continue until at least Tuesday. President Emmanuel Macron, whose government is under mounting pressure to act as the strike grinds on and more fuel stations run out of some products, called for a quick end to the crisis. A CGT union representative later said the strike at the refineries would be extended until Tuesday. Long tailbacks formed at fuel stations in the Paris region as drivers tried to fill up before more pumps run dry. "This only encourages the striking workers, who are more united than ever," a CGT official at TotalEnergies' Feyzin refinery said of the company's conditional offer.
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