Russian steelmaker stops supplies to EU Impact of sanctions on Russia-China trade seen limited Russia’s metals industry is expected to lean on China as an export market following sanctions for Continue Reading
The EU could reduce its imports of Russian natural gas by more than one-third within a year by applying new measures announced by the IEA. The European Union could reduce Continue Reading
Friday, March 4th, 2022 Russia’s invasion of Ukraine has triggered arguably the wildest week in oil trading since Saddam Hussein’s attack on Kuwait back in 1990 – in fact, it Continue Reading
Goldman’s Courvalin Says Oil Markets Have ‘No Buffer’ Against High Prices Commodities extended their massive rally as Russia’s invasion of Ukraine continues to roil global markets and fuel fears of Continue Reading
Oil Could Hit $160 Per Barrel By End of Next Week, Schork Says Stocks fell, while the dollar climbed with bonds as concerns that war risks are intensifying roiled global Continue Reading
Equity markets have come round to the idea that Russia’s invasion of Ukraine could have long-term consequences for the global economy. European stocks slumped at the end of the week Continue Reading
Russia’s invasion of Ukraine shocked commodities markets and propelled prices for the ingredients of modern life to unseen heights, and in the aftermath lies a looming crisis: More people likely Continue Reading
Commodity markets were on track on Friday for their biggest weekly gains in years as the shuttering of Ukrainian ports and sanctions against Russia sent energy, crop, and metal buyers Continue Reading
Oil rose above $111 a barrel on Friday in a volatile session as fears over disruption to Russian oil exports in the face of Western sanctions offset the prospect of Continue Reading
Oil prices are likely to continue to climb – potentially beyond $130 per barrel. That’s according to Rystad Energy CEO Jarand Rystad, who made the statement in an extraordinary note Continue Reading
Member states of the International Energy Agency have finalized their contributions to a 60 million barrel oil release announced this week to buoy prices sent soaring by Russia’s invasion of Continue Reading
Demonstrators hold a “Stop Putin” banner during a protest against Russia’s invasion of Ukraine outside the European Union consulate in Caracas, Venezuela. A coalition of more than 75 climate change-focused Continue Reading
Iran said on Saturday it had agreed on a roadmap with the U.N. nuclear watchdog to resolve all outstanding questions about the country’s nuclear program by late June, a move Continue Reading
A deal to limit Iran’s nuclear program would lead to sanctions on its oil sector being lifted but it could take several months for any more Iranian crude to flow, Continue Reading
Iran’s foreign minister said on Friday he was prepared to go to Vienna “immediately” to sign a deal with the US to revive the 2015 nuclear accord, but warned he Continue Reading
China will boost the production of more modern coal mines and enhance coal reserve capacity, and aims to increase the government-deployable storage to 5% of local consumption, the country’s state Continue Reading
China’s goal to achieve around 5.5% economic growth this year is a challenging one, and will push the government to boost infrastructure investment, stimulate property demand and provide more monetary Continue Reading
Satellite-detected methane leaks from human activities in 2021. China’s coal operations spewed so much methane last year that it had the same global warming impact as all the carbon dioxide Continue Reading
On paper, China’s banks and its homegrown payments system could offer Russia respite from crippling Western sanctions. China has helped other nations evade sanctions, and both China and Russia share Continue Reading
China set an economic growth target for the year of around 5.5%, the lowest level in more than a quarter-century of economic planning, reflecting heightened domestic and global uncertainties in Continue Reading
The Biden administration is weighing cutting U.S. imports of Russian oil and ways to minimize the impact on global supplies and consumers, the White House said on Friday, as lawmakers Continue Reading
Russia’s invasion of Ukraine, one of the world’s breadbasket nations, has driven wheat prices to 14-year highs, forcing bread consumers to eat the cost. Russia’s Feb. 24 invasion has severely Continue Reading
U.S. energy firms this week cut the number oil rigs even as Russia’s invasion of Ukraine drove crude prices to their highest since 2008. U.S. oil rigs fell three to Continue Reading
WTI crude rose 7% following the news that the White House is considering a ban on the import of Russian crude oil. On Thursday, the White House had tersely dismissed Continue Reading
U.S. gasoline prices have surged by 20 cents in just a week, as the Russian invasion of Ukraine sent international crude oil prices soaring above $110 per barrel. The national Continue Reading
Polish gas grid operator Gaz-System will offer firm capacity towards Ukraine starting on Sunday to secure gas deliveries to the country, it said in a statement on Friday, as Kiev Continue Reading
The operator of the operational Nord Stream 1 undersea gas pipeline from Russia to Germany said on Friday that transportation of natural gas to Europe was continuing normally. “Nord Stream Continue Reading
Westbound natural gas flows through the Yamal-Europe pipeline stopped on Friday while Gazprom’s bids for additional transit capacity via Ukraine stand at high levels, data from pipeline operators shows. Flows Continue Reading
Russia’s invasion of Ukraine and the resulting international backlash has plunged energy markets into chaos, threatening dire economic consequences that rival those of the 1970s oil shocks. Bloomberg’s gauge of Continue Reading
Biden Says Russia Sanctions Have Had ‘Profound’ Impact As calls grow for the U.K. to cut off Russian companies over the invasion of Ukraine, few realize how costly that could Continue Reading
The international isolating of Russia is leaving local businesses flailing as foreign firms head for the exits, helping to drive the economy deeper into recession. Besieged by international sanctions over Continue Reading
Global news media said they were suspending reporting in Russia to protect their journalists after a new law that threatened jail terms of up to 15 years for spreading “fake Continue Reading
Two weeks ago, Russia’s companies could sell their goods around the globe and take in investments from overseas stock-index funds. Its citizens could buy MacBooks and Toyotas at home, and Continue Reading
Some 14 wide-bodied aircraft transported a bristling array of Javelin antitank missiles, rocket launchers, guns and ammunition to an airfield near Ukraine’s border on Friday, as the United States and Continue Reading
IEA presents 10-point plan to cut Europe’s reliance on Russian gas imports. Europe only has around seven months before the start of the next winter season. IEA: fast and significant Continue Reading
Foreign companies, including energy firms, which are ditching Russia will be considered pushing their Russian subsidiaries to “deliberate bankruptcy,” which under Russian law includes criminal prosecution for top managers, Upstream Continue Reading
Most Germans support sanctions against Russia over the invasion of Ukraine, even if the measures lead to energy supply bottlenecks and increase the cost of living, according to a survey Continue Reading
European buyers are scouring the world as far as South Africa to procure coal as Russia’s invasion of Ukraine and the threat of more sanctions on Moscow have made Russian Continue Reading
Russia’s refineries have started feeling the effect of a sharp fall in export sales of oil products in the wake of the country’s invasion of Ukraine. Rosneft’s 240,000 b/d Tuapse Continue Reading
Oil Keeps Rising As Russia Invasion Upends Energy Markets Oil headed for the biggest weekly surge in almost two years after Russia’s invasion of Ukraine roiled global markets and fueled Continue Reading
Oil rose above $111 a barrel on Friday in a volatile session as fears over disruption to Russian oil exports in the face of Western sanctions offset the prospect of Continue Reading
The prospect of restrictions on Russian energy exports could send oil prices above $200 per barrel, according to Westbeck Capital Management. The London-based hedge fund is among a cadre of Continue Reading
Oil prices have skyrocketed, with Brent crude approaching $120 earlier Thursday. Brent crude could end the year at $185 a barrel if Russian supply continue to be disrupted, JPMorgan Chase Continue Reading
The war in Ukraine is pushing most commodities higher, and coal is no exception. Bloomberg reported this week that the coal prices are reaching new record highs, with the Australia Continue Reading
Wheat soared to the highest level since 2008 on mounting fears of a global shortage as the Ukraine war shuts off over 25% of the world’s exports of the staple Continue Reading
Global commodity prices are on track for the biggest weekly rally in more than 50 years and Europe’s natural gas prices have hit a new record, as the war in Continue Reading
As the world races towards cleaner energy, hydrogen is emerging as a potential winner. Some analysts are predicting that the hydrogen market could be worth $1 trillion per year by Continue Reading
Bulls have surged into the U.S. crude oil options market in recent days as futures touch highs not seen in a decade, betting that crude’s rally will persist, according to Continue Reading
Crude oil production from Libya’s largest oilfield, El Sharara, has been suspended after the Hamada valve was closed by an unknown person or persons. More than a quarter of Libya’s Continue Reading
The UN’s nuclear watchdog says Iran has sharply increased its stockpile of enriched uranium amid talks to revive a 2015 agreement to curb Tehran’s atomic program. Several media outlets said Continue Reading
