Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its Continue Reading
Goldman Sachs: Enormous Amount of Oil Could Be Disrupted Oil surged as energy and commodity markets were thrown into disarray after Western nations unleashed more sanctions to isolate Russia following Continue Reading
Powerful Western sanctions rocked Russia’s financial system and triggered a spiral in the ruble, drawing the central bank into an emergency doubling of interest rates. The Russian ruble fell as Continue Reading
Following months of groundwork, frenzied late-night phone calls and a potent pressure campaign from Ukrainian leaders, the U.S. and Europe banded together to impose what is shaping up to be Continue Reading
The dangers of climate change are mounting so rapidly that they could soon overwhelm the ability of both nature and humanity to adapt unless greenhouse gas emissions are quickly reduced, Continue Reading
In the most important environmental case in more than a decade, the Supreme Court on Monday will hear arguments in a dispute that could restrict or even eliminate the Environmental Continue Reading
The Ukraine crisis could have an unexpected impact on the OPEC+ integrity. The Arab world has thus far not taken a position in the Ukraine crisis. Putin’s strategic moves during Continue Reading
Highlights Move due to rise in global trade, healthier ship economics SCA working on canal expansion after the Ever Given incident in 2021 Suez Canal is a strategic route for Continue Reading
Highlights MBS discusses Ukraine crisis’ energy impact in call with France’s Macron Saudi Arabia keen to maintain stable, balanced oil market, MBS says OPEC ministers have said no need to Continue Reading
Russia’s invasion of Ukraine has caused plenty of analysts to worry about the future of global financial and energy markets, but there is a major consequence being overlooked. Russia and Continue Reading
Iraq stopped oil production from two southern fields with a combined capacity of almost half a million barrels a day. The shutdowns curtail the ability of OPEC’s second-largest member to Continue Reading
Rising crude oil prices and supply disruptions following Russia’s invasion of Ukraine could further sap an Indian economy already slowed by COVID-19, posing risks to household spending and private investments, Continue Reading
Farmhands harvest a wheat field in the Panipat district of Haryana, India. India is set to benefit from the shifts in global wheat trade as Russia’s invasion of Ukraine leaves Continue Reading
China recorded its biggest increase in total energy consumption and coal use in a decade in 2021, as the economy recovered from COVID-19 slowdown a year earlier, data from the Continue Reading
Banks cautious on payment channels for Russian commodities Traders, charterers avoid Russian tankers, oil cargoes from Far East Lack of foreign reserve access larger impediment to Russian commodity exports Many Continue Reading
Goldman Sachs Group Inc. has lifted its U.S. inflation forecast and now sees the Federal Reserve lifting rates more than expected in 2023. The U.S. bank now forecasts the Fed’s Continue Reading
The U.S. wants to pry China away from its tight partnership with Russia. One step, U.S. officials said, is making Beijing feel pain over Russia’s invasion of Ukraine. Washington is looking to Continue Reading
Inflation is now sitting at a four-decade high of 7.5%, but some fear it could get even worse. Russia’s push into Ukraine has forced Western allies to slap major economic Continue Reading
The United States sees nuclear energy as a key component in its net-zero ambitions. Despite an uncertain revenue outlook, the Department of Energy has announced it will be investing billions Continue Reading
Ukraine’s foreign minister urges full oil, gas embargo Calls of ‘if not now, when?’ growing louder: RBC’s Croft EIA to report latest US imports of Russian oil Feb. 28 Pressure Continue Reading
Europe’s biggest industrial firms have been banking on spring to bring down soaring energy costs. Those hopes faded this week as Russian tanks rolled into Ukraine. Smelters and chemical factories Continue Reading
The Black Sea — a major artery for the movement of commodities at the crossroads of Europe and Asia — is suddenly drawing the world’s attention as the conflict in Continue Reading
BP is moving to dump its shares of Russian oil giant Rosneft. BP Plc moved to dump its shares in oil giant Rosneft PJSC , taking a financial hit of Continue Reading
Healthy Harvest of Wheat Expected in Russia and Ukraine, Says Menker Russia’s invasion of Ukraine is roiling global agricultural markets, with some traders warning they’re unlikely to offer wheat from Continue Reading
A bank used by Exxon Mobil Corp. to pay the salaries and pensions of its workforce in Russia was among those sanctioned by the White House, according to two people Continue Reading
European nations and Canada moved on Sunday to shut their airspace to Russian aircraft, an unprecedented step aimed at pressuring President Vladimir Putin to end his invasion of Ukraine, the Continue Reading
Russia’s central bank more than doubled its key policy rate on Monday and introduced some capital controls as it scrambled to shield the economy from unprecedented Western sanctions that sent Continue Reading
BP opened a new front in the West’s campaign to isolate Russia’s economy by deciding to exit its Russian oil and gas investments, the most aggressive move yet by a Continue Reading
European Commissioner for Energy Kadri Simson delivers a speech on the State of the Energy Union, at the European Parliament in Strasbourg, France, November 24, 2021. Julien Warnand/Pool via REUTERS Continue Reading
Danish energy firm Orsted (ORSTED.CO) has stopped sourcing Russian coal and biomass for its power plants but will continue to buy up to 2 billion cubic metres (bcm) of natural Continue Reading
Germany aims to fulfil all its electricity needs with supplies from renewable sources by 2035, compared to its previous target to abandon fossil fuels “well before 2040,” according to a Continue Reading
Russian oil production has increased to 11.05 million barrels per day (bpd) from the start of February, up from 11 million bpd on average in January, two sources familiar with Continue Reading
Germany is weighing whether to extend the lifespan of its remaining nuclear power plants as a way to secure the country’s energy supply in the face of uncertainty over Russian Continue Reading
A woman cleans the inside of an exhibit representing a natural gas pipeline at the booth of Nord Stream during final preparations at the “Hannover Messe” industrial trade fair in Continue Reading
BP is dumping its shares of oil giant Rosneft and Norway is removing Russian assets from its $1.3 trillion sovereign wealth fund. Norway is starting a process to remove Russian Continue Reading
Russian markets were paralyzed and traders struggled to price the ruble on Monday as the stress of Western sanctions shook the country’s financial system. The Russian currency lost a third Continue Reading
Several liquefied natural gas buyers have paused further purchases from Russia due to the quickly evolving wave of sanctions from the West, adding to worries over tight global supplies of Continue Reading
The European Union is capable of going through next winter without imports of Russian natural gas while avoiding serious damage to its economy, according to a new report by Belgium-based Continue Reading
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . Germany is getting ready to prolong the use of coal as the Continue Reading
They file into neighboring countries by the hundreds of thousands — refugees from Ukraine clutching children in one arm, belongings in the other. And they’re being heartily welcomed, by leaders Continue Reading
Germany halted approval of the pipeline because of the crisis in Ukraine. The long buildup to yesterday’s Russian invasion of Ukraine has prompted lots of hand-wringing about Europe’s energy security Continue Reading
The Zaporizhzhia nuclear power plant in Enerhodar, Zaporizhzhia Region, southeastern Ukraine, in 2019. Russia’s invasion of Ukraine is unfolding in a nation with 15 atomic reactors operating near full capacity, Continue Reading
In the space of 30 minutes, Olaf Scholz overturned decades of German foreign and defense policy. Speaking to the Bundestag in a special session on Sunday, the chancellor announced a Continue Reading
The global computer chip industry, including the giant Taiwan Semiconductor Manufacturing Company, has begun halting sales to Russia in the wake of U.S. sanctions aimed at punishing Moscow’s invasion of Continue Reading
Highlights ‘Nuclear will not help for winter 2022/23’: Habeck High safety, fuel supply challenges: pre-assessment Nuclear generated 12% of German demand in 2021 Germany is to review its nuclear phase-out Continue Reading
The Russia-Ukraine conflict has affected the perception of short-term oil market dynamics. The oil market sees the security of Russian energy supplies as significantly compromised. That’s what analysts at Standard Continue Reading
Oil extended its retreat from a seven-year high after the U.S. reiterated its decision not to sanction Russian energy exports. Futures in New York closed below $92 a barrel on Continue Reading
The text of a proposed nuclear deal between Iran and world powers, distributed by the European Union to negotiators, is in limbo while the head of Iran’s delegation consults with Continue Reading
Oil’s jump to $100 earlier this week hasn’t changed the dynamics in the OPEC+ group. A senior source with OPEC+ rejected the idea that the Russian attack on Ukraine could Continue Reading
Iraqi oil workers shut down the Nassiriya oil field in southern Dhi Qar province around 4:30 p.m. on Friday, two hours after instructions were issued, following threats to do so Continue Reading
