Four European gas buyers have already paid for supplies in rubles as Russia demanded and further cutoffs if others refuse the Kremlin’s requirement aren’t likely until the second half of Continue Reading
Poland’s prime minister has lashed out at Russia for trying to “blackmail” his country with an abrupt cutoff of gas supplies. He says he believes the move was revenge for Continue Reading
Russia failed to sell a huge batch of oil, a sign that soon-to-be imposed sanctions against its state oil giant are playing havoc with the energy industry that undergirds its Continue Reading
Gazprom’s announcement on Tuesday that it would suspend natural gas supplies to Poland and Bulgaria is not likely to have a major impact on the overall European gas market, analysts say. But Continue Reading
Russian President Vladimir Putin protested to Kremlin visitors Monday that his adversaries were trying to “win on the battlefield” and “destroy Russia from within.” For once, he wasn’t just being Continue Reading
The European Union is ironing out the details of a potential oil embargo on Russia. A full embargo from the EU could be particularly devastating for Russia’s already-struggling oil industry. Continue Reading
Global commodities giant Trafigura confirmed today that it will stop all crude oil purchases from Russian state-backed Rosneft by May 15th. It is the latest commodities trader to cut ties Continue Reading
Germany has already cut Russian oil imports by over 20%, with officials now spreading optimism that it could be only a matter of days before the country is capable of Continue Reading
Attempt by Russia to use gas as ‘instrument of blackmail’ Meeting of EU gas coordination group taking place now Working to ensure alternative deliveries, high storage European Commission President Ursula Continue Reading
Russian and Indian officials met last week in an effort to resolve an impasse over the shipping of coking coal to Indian steelmakers, which has dried up since March over Continue Reading
