A logistically risky and costly transfer of crude between tankers at sea highlights the steps at least one Chinese buyer is willing to take to ensure the smooth flow of Continue Reading
Gerhard Schroeder has backed off from taking a top role at Russian energy giant Gazprom (GAZP.MM) , dealing a setback to Germany’s gas lobby as it seeks to keep the Continue Reading
The European Union can still strike a deal on a Russian oil embargo in the coming days or look to “other instruments” if no agreement is reached, Germany’s economy minister Continue Reading
The European Union is working on a deal to import Israeli gas through Egypt as the bloc rushes to reduce its reliance on Russian supplies. The fuel would be converted Continue Reading
Russia said it’s opening corridors for shipping from seven Ukrainian ports amid growing international criticism of an unfolding global food crisis triggered by its blockade. Kyiv warned that security issues Continue Reading
As the economic pain of the war weighs on Russia, the country’s central bank slashed interest rates on Thursday, the latest in a raft of measures by Moscow aimed at Continue Reading
A combination of sanctions and an oil major exodus in the wake of its invasion of Ukraine has caused Russian oil production to plunge. While higher oil and natural gas Continue Reading
The EU’s ambitious plan to reduce its dependency on Russian fossil fuels is going to require at least €1 trillion in investment. In order to achieve the goals they have Continue Reading
The European Union is considering the idea of a construction of an offshore gas pipeline between Spain and the Italian coast in Tuscany to reduce the EU’s reliance on Russian Continue Reading
Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the upcoming start of the summer driving season in the United States, the world’s Continue Reading
