Europe’s biggest industrial firms have been banking on spring to bring down soaring energy costs. Those hopes faded this week as Russian tanks rolled into Ukraine. Smelters and chemical factories Continue Reading
BP is moving to dump its shares of Russian oil giant Rosneft. BP Plc moved to dump its shares in oil giant Rosneft PJSC , taking a financial hit of Continue Reading
Healthy Harvest of Wheat Expected in Russia and Ukraine, Says Menker Russia’s invasion of Ukraine is roiling global agricultural markets, with some traders warning they’re unlikely to offer wheat from Continue Reading
A bank used by Exxon Mobil Corp. to pay the salaries and pensions of its workforce in Russia was among those sanctioned by the White House, according to two people Continue Reading
European nations and Canada moved on Sunday to shut their airspace to Russian aircraft, an unprecedented step aimed at pressuring President Vladimir Putin to end his invasion of Ukraine, the Continue Reading
Russia’s central bank more than doubled its key policy rate on Monday and introduced some capital controls as it scrambled to shield the economy from unprecedented Western sanctions that sent Continue Reading
European Commissioner for Energy Kadri Simson delivers a speech on the State of the Energy Union, at the European Parliament in Strasbourg, France, November 24, 2021. Julien Warnand/Pool via REUTERS Continue Reading
Danish energy firm Orsted (ORSTED.CO) has stopped sourcing Russian coal and biomass for its power plants but will continue to buy up to 2 billion cubic metres (bcm) of natural Continue Reading
Germany aims to fulfil all its electricity needs with supplies from renewable sources by 2035, compared to its previous target to abandon fossil fuels “well before 2040,” according to a Continue Reading
Russian oil production has increased to 11.05 million barrels per day (bpd) from the start of February, up from 11 million bpd on average in January, two sources familiar with Continue Reading
