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2 mins read
Russia's Ukraine invasion 'makes no sense,' according to a leading historian who once angered Putin by asking him about energy
Daniel Yergin said Russia had overestimated how reliant the West was on its energy exports, adding …
Ryan Hogg
1 min read
Zelenskyy's top economic adviser said Ukraine will prosecute companies that continue to trade Russian oil and gas. 'These companies should be judged,' he said.
"They know we're watching them," Oleg Ustenko told The Observer. "If companies are making war crime…
Jyoti Mann
1 min read
A billionaire oligarch resigned as CEO of Russia's second-largest oil company after being sanctioned by the UK
Lukoil, the second largest oil producer in Russia, announced Thursday that its billionaire CEO Vagi…
Hannah Towey
3 mins read
Many nations are refusing to buy gas and oil from Russia but others continue to snap it up. Here's what we know so far.
The international approach toward buying energy from Russia has been far from uniform, amid the Ukr…
Zahra Tayeb
2 mins read
Joe Biden's energy policies will prolong the current crisis, oil and gas executive says
Tim Stewart said in an interview that the new policy will "compound the problem," and push the issu…
Sam Tabahriti
2 mins read
China's biggest offshore oil and gas producer is preparing to exit operations in the US, UK, and Canada due to concerns around sanctions, a report says
A senior industry source told Reuters that CNOOC wanted to sell "marginal and hard to manage" asset…
Grace Dean
2 mins read
Putin's former chief economic adviser says Russia would likely halt the Ukraine war 'within a month or two' if the West slapped a full embargo on Russian oil and gas
In an interview with the BBC, Andrei Illarionov predicted Russia would be spared economic devastati…
Ryan Hogg
2 mins read
Tankers carrying Russian natural gas to the UK are diverted as British dockworkers refuse to handle the cargo, reports say
"The workers at the National Grid terminal don't want to touch the cargo given the tragedy unfoldin…
Urooba Jamal
2 mins read
Europe can't stop buying Russian gas. Here's why.
On Sunday morning, Gazprom, the Kremlin-controlled energy giant, said gas exports from Russia to Eu…
Sam Tabahriti,James Dean
2 mins read
Oil prices jump as much as 3% as Saudi Arabia raises prices for customers across the globe, report says
Oil prices jumped as much as 3% on Monday as Saudi Arabia raised prices for its customers across th…
Adam Morgan McCarthy
3 mins read
Essar Oil UK to build carbon capture facility
Essar Oil UK Limited has announced its plan to build a 360 million-pound major new carbon capture p…
2 mins read
World's biggest oil traders are set to cut out Russian oil purchases from the middle of May, report says.
Major oil trading houses are set to significantly reduce the amount of oil they purchase from Russi…
Adam Morgan McCarthy
2 mins read
The EU's 3 biggest shipping countries have doubled Russian oil shipments since the invasion of Ukraine, and it's undermining attempts to hurt Putin
The jump in the transportation of Russian crude came as freight rates for oil tankers have soared s…
Huileng Tan
2 mins read
JPMorgan warns oil prices could surge 240% as Russia slashes output in response to Western sanctions
Russia is in a strong position and could well slash its oil output, JPMorgan said, sending prices t…
Harry Robertson
2 mins read
Norway's government halted an oil and gas worker strike that could have cut natural-gas exports by 60% and worsened Europe's energy crisis
Norway is Europe's second-largest energy supplier after Russia — which is already slowing supplies …
Huileng Tan
2 mins read
Natural gas prices spike 10% as Europe awaits flows from shuttered Nord Stream 1 pipeline to resume amid record heat wave
"A lack of rebound in Russian export flows would require both higher prices and likely higher gover…
Matthew Fox
2 mins read
Biden authorizes release of 50 million barrels of oil from US reserve, hoping to combat spike in gas prices
The average price for a gallon of gas this month was the US's highest since 2013, according to gove…
Alexandra Ma
2 mins read
Russia orders block on Caspian oil pipeline that could pull 1 million barrels a day from Europe's supply
The suspension threatens to exacerbate a raging energy crisis across Europe, which relies on Russia…
Zahra Tayeb
2 mins read
Oil edges above $100 a barrel, but heads for a weekly loss as volatility stemming from Russia-Ukraine conflict remains high
Crude oil steadied above $100 a barrel, but volatility remained high, after the price plunged earli…
Adam Morgan McCarthy
2 mins read
Oil and gas workers are on strike in Norway, and it's escalating Europe's natural-gas crisis a week before a key pipeline with Russia shuts for maintenance
Norway is the largest producer of oil and gas in Western Europe, supplying 20% to 25% of the Europe…