How is Trans-Dniester related to war in Ukraine?
Among the sites of the former Soviet Union’s “frozen conflicts,” a long and narrow strip of land in Moldova has been the most stable for three decades. Trans-Dniester hasn’t seen Continue Reading
Russia Tried to Sell a Huge Slug of Oil. Nobody Wanted It.
Russia failed to sell a huge batch of oil, a sign that soon-to-be imposed sanctions against its state oil giant are playing havoc with the energy industry that undergirds its Continue Reading
Russia’s gas cutoff to Poland and Bulgaria should be manageable, analysts say.
Gazprom’s announcement on Tuesday that it would suspend natural gas supplies to Poland and Bulgaria is not likely to have a major impact on the overall European gas market, analysts say. But Continue Reading
Does the exit ramp look more attractive to Putin now?
Russian President Vladimir Putin protested to Kremlin visitors Monday that his adversaries were trying to “win on the battlefield” and “destroy Russia from within.” For once, he wasn’t just being Continue Reading
Russia Could Lose Half Of Its Revenue If EU Agrees On A Full Oil Embargo
The European Union is ironing out the details of a potential oil embargo on Russia. A full embargo from the EU could be particularly devastating for Russia’s already-struggling oil industry. Continue Reading
Trafigura To Sever All Ties With Russia’s Rosneft By May 15th
Global commodities giant Trafigura confirmed today that it will stop all crude oil purchases from Russian state-backed Rosneft by May 15th. It is the latest commodities trader to cut ties Continue Reading
Germany Could Ban Russian Oil In ‘Days’
Germany has already cut Russian oil imports by over 20%, with officials now spreading optimism that it could be only a matter of days before the country is capable of Continue Reading
EU ‘prepared’ for Russian gas halt, says EC President, as prices surge
Attempt by Russia to use gas as ‘instrument of blackmail’ Meeting of EU gas coordination group taking place now Working to ensure alternative deliveries, high storage European Commission President Ursula Continue Reading
OIL FUTURES: Crude rebounds after sharp drop amid China demand concerns
Crude oil futures rose moderately in mid-morning Asian trade April 26 to recoup some losses after China lockdowns and a surging US dollar sent crude prices lower at the start Continue Reading
Oil Retreats as Investors Weigh China’s Covid-19 Resurgence
Oil dropped below $98 a barrel in New York as investors assessed the impact of China’s rapidly spreading Covid-19 outbreak on the outlook for global demand. West Texas Intermediate futures Continue Reading