EXCLUSIVE German parties agree on 2030 coal phase-out in coalition talks -sources

Germany’s Social Democrats (SPD), Greens and Free Democrats, who are negotiating to form a new government, have agreed to commit to a coal phase-out by 2030 in a coalition deal, sources involved in the talks told Reuters on Tuesday.

U.S. marshals other nations, challenges OPEC+ with release of oil reserves

The administration of U.S. President Joe Biden announced on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after OPEC+ producers repeatedly ignored calls for more crude.

Shell launches shareholder talks to win backing for HQ move, sources say

Royal Dutch Shell (RDSa.L) has launched talks with investors to secure support for its plan to relocate its headquarters from the Netherlands to Britain, sources said, as a leading advisory recommended backing the move at a December vote.

EXCLUSIVE Indigenous group seeks stake in Woodside’s $12 bln Scarborough, Pluto LNG project

A Western Australian Indigenous group is in talks with Woodside Petroleum (WPL.AX) over obtaining a stake in its $12 billion Scarborough and Pluto LNG expansion to help secure the future of the local traditional owners, a senior Indigenous official told Reuters.

Barclays raises 2022 oil price view on faster inventory drawdown

Barclays raised its 2022 oil price forecasts on Tuesday as it expects a faster-than-expected inventory drawdown and cautious supply response to offset a modest surplus next year.

Global need for copper, nickel will multiply over next 30 years -BHP

The global markets will need four times the nickel and double the copper in the next 30 years to facilitate a decarbonised world, a BHP Group (BHP.AX) executive said on Wednesday.