What We Know About Ukraine’s Shelled Nuclear Plant
News of what Ukrainian officials said was an unprecedented attack on a nuclear power plant, the largest in Europe, sent shudders around the world. But the damage at the Zaporizhzhia Continue Reading
Ukraine War Plunges Auto Makers Into New Supply-Chain Crisis
After a pandemic and a global chip crunch, Russia’s war in Ukraine has unleashed auto makers’ third supply-chain crisis in as many years. The fighting in Ukraine has shut down small but Continue Reading
Russia’s Oil Exports Are Plunging Even Without Sanctions
While Western leaders are yet to put any sanctions on Russia’s energy exports, the country’s oil industry is already struggling as international refiners are reluctant to do business with Russia. Continue Reading
Big Oil’s Sudden Decision To Exit Russia Comes At A High Price
The sale of its stake in Rosneft could cost British oil major BP up to $25 billion in impairment charges. Impairment charges for Shell PLC could come in at $3 Continue Reading
Gas Prices In Europe Hit Record High Amid Supply Concerns
The gas price at the Dutch TTF hub, the benchmark gas price for Europe, jumped early on Thursday in Amsterdam to trade at $221. Javier Blas: The new record from Continue Reading
IEA: EU Can Cut Russian Gas Dependence By One-Third Within A Year
The European Union could reduce its reliance on Russian natural gas by more than one-third within a year by turning to other suppliers and using other energy sources, the International Continue Reading
Global food supply at risk from Russian invasion of Ukraine
Russia’s invasion of Ukraine threatens global food supplies, Norwegian fertiliser maker Yara International said on Tuesday, adding that the international community needed to reduce its dependence on Russian raw materials Continue Reading
Crude oil higher as traders avoid Russian Urals
Crude oil futures continue on an uptrend in mid-morning Asian trade March 3 as the market shunned Russia’s Urals crude amid expectations of international sanctions on the country’s energy market. Continue Reading
Oil Prices Top $115, Stock Futures Wobble Amid Ukraine Crisis
U.S. stock futures crept down while oil prices continued to surge, as investors monitored Russia’s invasion of Ukraine and how a jump in commodities prices is likely to impact inflation Continue Reading
Oil Tops $114 as Shunned Russian Barrels Leave Hole in Market
The decision by the U.S. and other major economies to coordinate a release of oil stockpiles will have little impact, says Energy Aspects founder and Director of Research Amrita Sen. Continue Reading