Russian state gas company Gazprom said on Friday it was shipping gas to Europe via Ukraine in line with customers’ requests. The requests stood at 109.5 million cubic metres as Continue Reading
While Western leaders are yet to put any sanctions on Russia’s energy exports, the country’s oil industry is already struggling as international refiners are reluctant to do business with Russia. Continue Reading
The sale of its stake in Rosneft could cost British oil major BP up to $25 billion in impairment charges. Impairment charges for Shell PLC could come in at $3 Continue Reading
While a large coalition of countries has come together to condemn Russia’s invasion of Ukraine, China has refused to take sides in the conflict. China’s failure to condemn Russia and Continue Reading
The United States is open to imposing sanctions on Russia’s oil and gas flows but going after its exports now could help Moscow, the White House said on Wednesday as Continue Reading
The United States on Wednesday took aim at Russia’s oil refining sector with new export curbs and targeted Belarus with sweeping new export restrictions, as the Biden administration ramps up Continue Reading
Germany is considering supplying 2,700 anti-aircraft missiles to Ukraine as it seeks to defend itself against an invasion by Russia, a government source said on Thursday. German news agency DPA Continue Reading
It has just got a lot more expensive for Russia to deal with its biggest trade partner China. The yuan hit a record high against the ruble this week — Continue Reading
The big question now facing Russian debt owners is whether they ever get their money back. The government is paying its bond coupons for now, but with the war in Continue Reading
Russia’s invasion of Ukraine has highlighted the need for Europe to improve its energy security by reducing its reliance on Russian gas. According to Wood Mackenzie, European gas storage is Continue Reading
