Refiners are planning to spend the summer increasing jet fuel and diesel production instead of gasoline, traders and analysts said, favoring what have historically been the least profitable parts of Continue Reading
European Union countries are edging towards a deal on how to share the burden of cutting greenhouse gas emissions within the EU, with states poised to accept national targets proposed Continue Reading
The United States on Wednesday imposed sanctions on dozens of people and entities, including a Russian commercial bank and a virtual currency mining company, hoping to target Moscow’s evasion of Continue Reading
Russia is inching closer to a default on its sovereign debts after an industry body overseeing the credit-default swaps market ruled Wednesday that the Kremlin failed to meet its obligations Continue Reading
Russian President Vladimir Putin announced Wednesday that his military successfully test-launched an intercontinental ballistic missile with the potential to carry a large nuclear payload, but the Pentagon said it was Continue Reading
Even before Russia’s invasion of Ukraine, the global energy market was struggling with supply and governments were pushing for an energy transition. As oil and gas prices continue to soar Continue Reading
In 2022, for the first time ever, Europe is set to install more than four gigawatts of offshore wind capacity in a single year. The previous record, set in 2019, Continue Reading
U.S. Banks are facing massive write-offs following their exit from Russia. Citigroup is one of the banks with the largest disclosed exposure to Russia. Some banks have performed well despite Continue Reading
In a concerted move to move away from its heavy reliance on Russia amid the Ukraine crisis, Germany authorities have finally given in and allowed gas drilling to proceed in Continue Reading
In Germany’s most definitive statement yet regarding Russian oil and gas imports, the German Foreign Minister has pledged that the country will cease importing Russian oil entirely by the end Continue Reading
