Gas prices surged after climbing as much as 79% on Monday. European gas prices swung wildly after Russia threatened to cut supplies to Europe in retaliation for sanctions, and as Continue Reading
Daily operations at many European refineries rely on a Russian crude diet. The EU agreeing to an outright ban on Russian oil is unlikely given its members’ dependence on the Continue Reading
The possibility that the United States might ban Russian oil imports has triggered a surge in Brent crude to almost $140 a barrel, its highest level since 2008. read more Continue Reading
Russia’s size and close integration into the global aviation industry since the end of the Cold War means sanctions related to its invasion of Ukraine are having outsized consequences relative Continue Reading
Despite the cascade of Western sanctions on Russia in response to its invasion of Ukraine, one thing hasn’t been affected so far – flows of Russian gas to Europe and Continue Reading
The European Union’s executive arm is mapping out a path to end the bloc’s reliance on Russian gas that could see import needs cut by almost 80% this year, according Continue Reading
Europe imported more natural gas from Russia in the first 10 days of the war than before the invasion. Keeping it flowing is a crew of intrepid Ukrainians. Minutes after Continue Reading
A week after a chorus of Western executives from Exxon Mobil, BP, Shell and other companies denounced Moscow’s violent onslaught in Ukraine and pledged to pull their companies out of Russian ventures, Continue Reading
With the US reportedly said to vote as soon as Tuesday on a proposal to ditch trade relations with Russia and Belarus, including suspending oil imports despite repeated objections from Continue Reading
Russian gas delivered through the Yamal-Europe pipeline via Poland was flowing westward into Germany on Tuesday morning, and flows into Slovakia via Ukraine remained at recent high levels, pipeline operator Continue Reading
