Russia’s giant fleet of ocean-going oil tankers is starting to come to a standstill. Nine Aframax vessels owned by Sovcomflot PJSC have been idling at sea for more than a Continue Reading
President Joe Biden will announce Friday that, along with the European Union and the Group of Seven countries, the U.S. will move to revoke “most favored nation” trade status for Continue Reading
The U.S.-led effort to expel Russia from international commerce marks another fracture in the free-trade vision that guided American policy for nearly 30 years, signaling a future where nations and Continue Reading
Besieged by an onslaught of sanctions that have largely undone 30 years of economic integration with the West in the space of two weeks, President Vladimir V. Putin on Thursday Continue Reading
Russia will have to shut in some of its oil production as it will not be able to sell all the volumes displaced from European markets to other regions, with Continue Reading
The EU plans to propose phasing out Russian fossil fuels by 2027, according to European Commission President Ursula von der Leyen, as part of measures to improve European energy security. Continue Reading
The appetite for Russian crude among China’s independent refiners fell to a nine-month low in February due to lower runs amid festive holidays and the Winter Olympics, while shipping risks Continue Reading
Shell (SHEL.L) faces further writedowns from exiting Russia over the country’s invasion of Ukraine, it said on Thursday, flagging that it had $0.4 billion in Russian downstream assets as well Continue Reading
The continent will need to rely on more coal in the short term, but there could be warp-speed deployment of green energy this decade A World War II poster. Russia’s Continue Reading
Russian Airlines PJSC spent billions of dollars over two decades transforming itself from a stodgy, Soviet-era carrier, with bland food and uncomfortable seats, into an award-winning airline flying new jets Continue Reading
