U.S. crude exports to Europe climbed in March and April as buyers across the Atlantic snapped up the country’s light sweet grades to offset the expected loss of Russian oil, Continue Reading
Mountainous and remote, the Greek-Bulgaria border once formed the southern corner of the Iron Curtain. Today, it’s where the European Union is redrawing the region’s energy map to ease its Continue Reading
Russia built a self-proclaimed fortress around its economy in the run-up to war—but there was a crack. Moscow depended on foreign middlemen to ferry its most strategic and lucrative export Continue Reading
The eurozone’s economy continued to grow at a modest pace in the first three months of the year, but faces the threat of a slide into recession as Russia’s war Continue Reading
The Kremlin has sought to minimize discussion of Russian war losses inside Ukraine. But apparent Ukrainian attacks on Russian soil in the past week highlight how the conflict has spilled Continue Reading
The European Union is debating energy embargos on Russia, with natural gas as one of the key talking points. Russia is ramping up threats to cut Europe’s gas if it Continue Reading
ExxonMobil continuing efforts to exit project Russian crude trading at significant discounts ExxonMobil’s Russian subsidiary Exxon Neftegas has declared force majeure for its Sakhalin 1 project, a spokesperson told S&P Continue Reading
European Commission President Ursula von der Leyen says the move by Russia to halt gas delivery to certain European Union member states is a form of blackmail. “The era of Continue Reading
Russia’s Gazprom (GAZP.MM) expects about a 4% fall in gas output this year, Deputy Chief Executive Vitaly Markelov told an inhouse magazine on Thursday, in another sign of the impact Continue Reading
Uniper (UN01.DE) is continuing to pay for deliveries from Gazprom (GAZP.MM) in euros, a spokesperson for the German utility said on Thursday, adding no decision had been made yet on Continue Reading
