Russia’s population is declining even as it emerges from the worst of the Covid-19 epidemic, underlining the government’s difficulties in reversing the slump as President Vladimir Putin wages war in Continue Reading
Now that the winter season ended, Germany has started the process of filling its natural gas storage sites via auctions. As prices have declined and are in contango, Europe’s biggest Continue Reading
Ukraine wants more artillery for battle in the east Mariupol mayor fears thousands may die from cholera there Food shortages caused by war could lead to hunger globally -U.N. KYIV, Continue Reading
Russian forces around Ukraine’s Sievierodonetsk had not made advances into the south of the city as of Friday, Britain’s Defence Ministry said on Saturday. “Intense street-to-street fighting is ongoing and Continue Reading
Global companies have racked up more than $59 billion in losses from their Russian operations, with more financial pain to come as sanctions hit the economy and sales and shutdowns Continue Reading
Image caption, Russia’s President Vladimir Putin has openly compared himself to Peter the Great Vladimir Putin’s admiration for Peter the Great is well known but he now seems to have Continue Reading
Following a record month for physical LNG imports in April due to historic price spikes, monthly European receipts decreased in May as limitations in downstream transport pressured local hub prices, Continue Reading
Algeria suspended a 20-year-old friendship treaty with Spain that committed the two sides to cooperate in controlling migration flows, and also banned imports from Spain, escalating a row over Madrid’s Continue Reading
The Biden administration’s leading international energy adviser has called on India not to go “too far” as it increases imports of discounted Russian crude that has lost buyers in Europe. Continue Reading
Russian President Vladimir Putin said on Thursday that Russian companies will not block off their oil wells despite the West’s efforts to lessen its dependence on energy supplies from Moscow. Continue Reading
Russia said on Thursday it did not expect Gazprom (GAZP.MM) to cut gas supplies to any more European customers and said its scheme to make buyers pay for gas in Continue Reading
Russia’s war in Ukraine is causing a significant negative effect on the global economy and is pushing inflation higher and for longer, Mathias Cormann, Secretary-General of the Organization for Economic Continue Reading
Germany’s government has no intention of changing its policies on nuclear energy even as worry about a halt to Russian gas supplies intensifies among politicians. Following calls from opposition parties Continue Reading
Highlights Deal covers 1.75 million mt/year of volumes High spot prices spurring long-term fixed-price deals Norway’s Equinor has agreed to a long-term FOB deal to buy 1.75 million mt/year of Continue Reading
Russian gas delivery to Europe via the Nord Stream 1 pipeline across the Baltic Sea and through Ukraine remained stable on Friday morning, while eastbound flows rose along the Yamal-Europe Continue Reading
Russia may be getting more revenue from its fossil fuels now than shortly before its invasion of Ukraine, as global price increases offset the impact of Western efforts to restrict Continue Reading
Some analysts have predicted that Western sanctions on Russia, combined with the EU’s embargo on Russian crude oil and tanker insurance, would lead to the inevitable shut down of Russian Continue Reading
Russia’s Rosneft (ROSN.MM) is holding back on signing new crude oil deals with two Indian state refiners, three sources with knowledge of the matter said, as it has committed sales Continue Reading
Ukraine hopes to make 1.5 billion euros from electricity exports to the European Union by the end of the year and earn to more in the future after obtaining the Continue Reading
European Parliament lawmakers on Wednesday voted to support an effective EU ban on the sale of new petrol and diesel cars from 2035, rejecting attempts to weaken the proposal to Continue Reading
EIA: Russia’s oil output could fall 18 percent by the end of next year. The EIA forecasts that Russian oil output will decline from 11.3 million bpd in the first Continue Reading
IEA: Europe could be forced to start rationing energy this winter. Birol: The world faces a “much bigger” energy crisis than the one of the 1970s. On Wednesday, Birol called Continue Reading
Supplies of grain from Ukraine have taken a major hit due to Russia’s blockade of the country’s ports. The UN has accused Russia of weaponizing food, warning that its actions Continue Reading
UK economic growth is grinding to a halt as the cost of the living crisis escalates, a leading business lobby warned. The British Chambers of Commerce predicted output will be Continue Reading
Workers pulled scores of bodies from smashed buildings in an “endless caravan of death” inside the devastated city of Mariupol, authorities said Wednesday, while fears of a global food crisis Continue Reading
The EU has just taken another drastic step to curb Russian oil revenues. Joining the UK, the EU has placed a ban on insuring and financing the marine transportation of Continue Reading
Ukraine in Talks to Purchase US LNG, Naftogaz CEO Says Europe has dethroned Asia as the biggest destination for US liquefied natural gas as the energy-starved region seeks to slash Continue Reading
Russia hiking Kozmino oil supplies by 150,000 bpd – sources ESPO Blend exports from Kozmino to reach record in July-sources Kozmino port can potentially increase loadings to 1.1 mln bpd Continue Reading
Radiation detectors in the Exclusion Zone around Ukraine’s defunct Chornobyl nuclear power plant are back online for the first time since Russia seized the area on Feb. 24, and radiation Continue Reading
The United States is involved in “extremely active” discussions with European countries aimed at limiting the revenues Russia can generate by selling oil, U.S. Treasury Secretary Janet Yellen said on Continue Reading
UK fuel prices have set a string of new records in recent weeks. The cost of filling up a 55-liter family car with petrol has topped £98 ($122.58) for the Continue Reading
Homes destroyed by Russian shelling in Slovyansk, eastern Ukraine, in early June. Fighting continued on Tuesday in the streets of Severodonetsk, the city in the Luhansk region of eastern Ukraine Continue Reading
The UK economy will expand at the second-fastest rate among the G-7 advanced nations before sinking to the bottom of the pack, the OECD forecasts. Photographer: Mary Turner/Bloomberg Sign up Continue Reading
Russian Foreign Minister Sergei Lavrov began talks with Turkish officials on Wednesday toward a possible deal to create a sea lane to export grain from Ukraine as a part of Continue Reading
The EU’s ban on Russian oil imports by sea could impact as much as 75% of Russia’s crude oil delivery to the bloc. Russia is looking to skirt sanctions by Continue Reading
The EU’s sixth sanctions package on Russia, combined with existing plans, implies an end to over 90 percent of Russian oil sales to the EU by the end of 2022. Continue Reading
Volumes up, revenues down Photographer: Nathan Laine/Bloomberg Russia is earning less from its oil exports, even as seaborne crude shipments surge to a six-week high. That’s because of the big Continue Reading
Russia’s U.N. Ambassador Vassily Nebenzia stormed out of a U.N. Security Council meeting on Monday as European Council President Charles Michel addressed the 15-member body and accused Moscow of fueling Continue Reading
The Russian Foreign Ministry has placed sanctions on U.S. Energy Secretary Jennifer Granholm along with 60 other U.S. citizens and top officials, Interfax news agency reports. On Monday, the Russian Continue Reading
While Moscow said earlier this week it was anticipating a more than $6-billion boost in oil revenues in June, despite sanctions, a new report from Bloomberg shows that while Russian Continue Reading
Deutsche Bank AG is moving hundreds of IT staff in Russia to Berlin as the lender braces for a potential closure of its technology center in the country, people familiar Continue Reading
Boasting a quarter of the planet’s gas reserves and more than 5 per cent of its crude oil, Russia’s economy has long been dominated by the energy sector. As the Continue Reading
Barclays on Monday raised its Brent crude price forecasts by $11 per barrel for 2022 and $23 for 2023, citing a larger and sustained disruption in Russian supply following sanctions Continue Reading
Russia’s sanctions against Gazprom Germania and its subsidiaries could cost German taxpayers and gas users an extra 5 billion euros ($5.4 billion) a year to pay for replacement gas, the Continue Reading
Shippers of Russian crude are turning to unusual methods to move cargoes displaced from Europe over much longer distances to new customers. The most recent example is a ship-to-ship transfer Continue Reading
A small orchard on the banks of the Elbe River in northern Germany, overgrown and circled by seagulls, holds the key to the country’s Russia-free energy future. The orchard, close Continue Reading
Russia has bombed, blockaded and plundered the grain production capacity of Ukraine, which accounts for one-tenth of global wheat exports, resulting in dire forecasts of increased hunger and of spiking food prices Continue Reading
Britain said Monday it will send Ukraine multiple launch rocket systems that can strike targets up to 50 miles away, despite a threat from Russian President Vladimir Putin that Moscow would attack Continue Reading
Medvedev expects Europe to use ‘gray’ mechanisms to import Russian oil Sees Europe facing oil deficit due to sixth sanctions package Russia expects to get around the EU ban on Continue Reading
Fed Beige Book Shows Growth Slowing in Some Areas Record inflation in the euro zone is seen fueling the European Central Bank’s tightening debate at this coming week’s policy meeting, Continue Reading
