Edition:
International

Isla Binnie

Repsol raises dividend and outlook as oil and gas boost profit

7:44am EDT

MADRID (Reuters) -Spanish energy company Repsol on Thursday said it would raise its dividend and buy back shares after strong oil and gas prices helped to lift third-quarter profit above pre-pandemic levels.

Gas price surge pushes Europe's ceramics industry to breaking point

Oct 27 2021

MILAN Continental Europe's $35 billion ceramics industry thought the worst was over when sales jumped more than 10% in the first half of the year and order books began to fill up after the damage inflicted by the pandemic. But surging gas prices have caught out companies in an energy-intensive business, leaving them to choose between passing on higher costs to customers and scaling back or halting production. And all at a time when many feel energy transition costs are already hurting them.

Iberdrola sees no further impact from Spain's profit grab

Oct 27 2021

MADRID (Reuters) -Global wind power leader Iberdrola expects no further impact from Spain's recent attempt to swoop on utilities' earnings and use them to shield consumers from soaring energy prices, the company said on Wednesday.

Spain calls for EU gas auctions, power price flexibility

Oct 26 2021

MADRID (Reuters) -Spain has suggested that the European Union set up a system to jointly secure gas by auctioning contracts that give countries the option to buy the fuel when prices rise sharply or supply is threatened, a document seen by Reuters showed.

'Window for action closing' - G20 urged to hike climate pledges

Oct 21 2021

BRUSSELS (Reuters) -Denmark, Costa Rica, the Marshall Islands and six other countries on Thursday urged the world's biggest economies to hike their climate pledges, warning that their actions would set the tone for the upcoming COP26 summit in Scotland.

'Window for action closing' - G20 urged to hike climate pledges

Oct 21 2021

BRUSSELS, Oct 21 Denmark, Costa Rica, the Marshall Islands and six other countries on Thursday urged the world's biggest economies to hike their climate pledges, warning that their actions would set the tone for the upcoming COP26 summit in Scotland.

Iberdrola avoids Spanish renewable energy auction due to regulatory concerns

Oct 19 2021

MADRID (Reuters) -Iberdrola decided not to bid in the latest auction of renewable energy capacity in Spain due to regulatory uncertainty amid a spat over measures to contain record-high power prices.

France's Photosol hires BNP to kick off possible 500 million euro sale - sources

Oct 19 2021

MADRID French solar power group Photosol has hired BNP Paribas to launch a sales process that could be worth at least 500 million euros ($582.9 million), two sources familiar with the matter told Reuters.

Spain's Enagas frees up extra space for LNG to stabilise supply in volatile market

Oct 15 2021

MADRID Spain's gas system operator Enagas has sold extra space for liquefied natural gas (LNG) deliveries this winter in a bid to stabilise supply as voracious global demand forces up energy prices.

World News

Sudanese army faces widening opposition to takeover

KHARTOUM (Reuters) -The Sudanese army was facing widening opposition on Thursday to this week's coup, with state officials in Khartoum vowing disobedience and activists mobilising mass demonstrations planned for the weekend.