Democratic and Republican senators urged U.S. President Joe Biden’s administration on Tuesday to impose secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Continue Reading
In promising Ukraine billions of dollars in long-term military aid, the Biden administration is seeking to prove that U.S. support in the war can outlast Russia’s determination. Rallying American lawmakers Continue Reading
The French government already owns 84% of Électricité de France, but it is now planning to fully nationalize the company just as the company warns of a huge 29 billion Continue Reading
The EU may have a plan to ban all Russian diesel purchases in February, but in the meantime, European buyers are happy to pay more for Russian diesel now than Continue Reading
Highlights Full storage not a substitute for energy savings: ministry Germany needs LNG supplies for five state-backed FSRUs UAE, Qatar seen as potential long-term LNG suppliers German gas storage facilities Continue Reading
Britain pledged on Wednesday to cap wholesale electricity and gas costs for businesses at less than half the market rate from next month, helping relieve the pressure of soaring energy Continue Reading
Germany nationalized gas importer Uniper (UN01.DE) on Wednesday and Britain capped the wholesale cost of electricity and gas for businesses, in Europe’s latest moves to keep the lights on and Continue Reading
The bill for Europe’s energy crisis is nearing 500 billion euros ($496 billion) as governments rush to soften the blow of soaring prices, according to the Bruegel think-tank. The European Continue Reading
Oil Steadies Ahead of Fed Rate Decision Oil eked out a meager gain as the dollar weakened, with much of the market waiting to see what the Federal Reserve will Continue Reading
Oil fell by more than 1.5% on Monday, pressured by expectations of weaker global demand and by U.S. dollar strength ahead of possible large increases to interest rates, though supply Continue Reading
