Exports dropped 7.7% in March even as total shipments rose Imports rose 26.4%, with rising energy prices likely a factor Bloomberg News China’s exports to Russia slumped in March after Continue Reading
U.S. President Joe Biden’s administration is expected to announce as soon as Wednesday another $750 million in military assistance for Ukraine for its fight against Russian forces, two U.S. officials Continue Reading
Vitol says volumes will drop this quarter, cease by year-end Trader joins other firms and countries shunning Russian oil Vitol Group, the world’s top independent oil trader, intends to completely Continue Reading
The full impact of sanctions and buyer aversion to Russian oil will take full effect from May onwards, the International Energy Agency said on Wednesday. Still, lower demand amid a Continue Reading
An immediate interruption in Russian energy supplies over the war in Ukraine could jeopardize 220 billion euros ($240 billion) of German output over the next two years, a report warned. Continue Reading
Western weaponry pouring into Ukraine helped blunt Russia’s initial offensive and seems certain to play a central role in the approaching, potentially decisive, battle for Ukraine’s contested Donbas region . Continue Reading
Renewable energy prices are rising in Europe as companies turn to green energy to cut emissions and hedge against rising fossil-fuel prices, but are still a fraction of wholesale power Continue Reading
For the first time since July 2020, Russia’s crude oil production has slipped below the 10 million bpd mark on Monday, two anonymous Reuters sources suggested. The decline in Russia’s Continue Reading
After more than a week of consecutive declines, Europe’s benchmark natural gas prices rose on Tuesday amid lower orders for Russian gas supply transiting Ukraine. In morning trade in Amsterdam Continue Reading
It now costs more than $348,000 a day to charter an oil tanker from the port of Primorsk to northwest Europe. Daily earnings for tankers shipping oil from Russia’s Baltic Continue Reading
