A majority of European citizens would support a ban on short-distance flights to fight climate change, according to a survey the European Investment Bank (EIB) said on Tuesday. Of 28,088 Continue Reading
This week’s oil price rout had become inevitable and cutting output has ceased to make sense because it is unclear how deep the impact of the coronavirus on demand will Continue Reading
Suddenly staring recession in the face, European leaders are lining up an array of tax breaks, financial support for companies and likely central bank measures in the hope of preventing Continue Reading
Russia’s parliament gave its final seal of approval to constitutional changes potentially allowing President Vladimir Putin to stay in power for years to come, removing a key source of uncertainty about Continue Reading
The European Commission (EC) presented a broad new European Industrial Strategy to help Europe’s industry lead the transition towards climate neutrality and digital leadership. The Strategy sets out the key Continue Reading
Saudi Arabia is unleashing a wave of crude toward Europe, traditionally the backyard for Russian oil sales, pledging to supply regional refineries with as much as triple their usual intake Continue Reading
A popular post on Russian social media this week depicts Karl Bryullov’s apocalyptic painting “The Last Day of Pompeii”, with Igor Sechin, head of Russia’s biggest oil company, added to Continue Reading
It was always a marriage of convenience, whatever the pledges of devotion, but when Russia and Saudi Arabia parted ways late last week after a dispute over oil production, it Continue Reading
Despite the break-up of the OPEC+ production cut agreement, “the doors aren’t closed” to future cooperation between Russia and OPEC, Russia’s Energy Minister Alexander Novak told local news channel Rossiya Continue Reading
Russia can raise its oil production by 200,000 bpd to 300,000 bpd in the short term, with a potential for up to a total increase of 500,000 bpd, Russian Energy Continue Reading
