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2 mins read
Russia's military is so hard up for manpower that it now pays more than the oil and gas sector
Russia is a major energy producer, and the industry's robust revenues have kept Moscow's war chest …
Huileng Tan
2 mins read
Russia's April oil and gas revenue could double despite Ukraine hammering its oilfields with drones, report says
Reuters projected Russian oil and gas revenue for April to come in at 1.292 trillion rubles, up fro…
Cameron Manley
2 mins read
'Americans just work harder' than Europeans, said the CEO of Norway's $1.6 trillion oil fund
Nicolai Tangen said European companies aren't innovating as quickly as American ones, as he spoke o…
Matthew Loh
1 min read
Vedanta gets nod to raise up to Rs 3,400 crore via NCDs
Mining conglomerate Vedanta Ltd on Tuesday said a committee of directors formed by the company's bo…
PTI
1 min read
Russia and Ukraine are battling it out over gas and oil platforms in the Black Sea, UK Ministry of Defence says
The platforms offer "valuable resources" and could be used to hold missiles, land helicopters, or a…
Rebecca Rommen
3 mins read
Reliance returns to oil indexation for KG gas, seeks buyers for 4 mmscmd
Reliance Industries Ltd and its partner BO Plc of UK have reverted to oil indexation for pricing th…
PTI
2 mins read
Russian inflation will soar even higher as sanctions spark another surge in gas prices, British intelligence says
Inflation in Russia is "highly likely" to remain above target through the rest of 2024, the UK Defe…
Jennifer Sor
3 mins read
Swiss Court jails UK's richest Hinduja family for exploiting Indian domestic workers
On Friday, the court sentenced Prakash and Kamal Hinduja to four years and six months in prison, wh…
ANI
2 mins read
Oil prices slip as Chinese COVID cases reach record highs and lockdowns intensify
Crude fell towards $100 a barrel as rising Chinese COVID cases threatened the demand outlook.
Adam Morgan McCarthy
2 mins read
Oil turns lower as positive signs in Russia-Ukraine peace talks ease concerns about supply
Oil prices fell Tuesday as Russia-Ukraine peace talks brought a promise of a military scale-back ne…
Adam Morgan McCarthy
2 mins read
Oil rises despite strength in the US dollar, while Western leaders prepare sanctions on Russian energy.
Oil rose on Wednesday despite the dollar hitting two-year highs, while the EU banned Russian coal i…
Adam Morgan McCarthy
2 mins read
Oil steadies, but remains below $120 a barrel in volatile trade as EU remains divided on a potential ban on Russia's energy exports
Oil prices pull back slightly while the EU proposed sanctions on Russian energy exports and attacks…
Adam Morgan McCarthy
2 mins read
The invasion of Ukraine has been a 'harsh wake-up call' for countries dependent on Russian energy, the UK's energy minister said
Russia's invasion of Ukraine has accelerated changes in the global energy market that were already …
Grace Dean
1 min read
US gas prices hit fresh high of nearly $5 a gallon as UK sees record equivalent to $8.60
Average gas prices hit a fresh all-time high Wednesday, according to AAA. Drivers in the US are pay…
Brian Evans
3 mins read
A millennial who switched from working on oil rigs to wind turbines says he's been promoted faster in renewable energy
Shaun Mitchell advanced from a wind technician to a supervisor within a few years after leaving the…
Catherine Boudreau
2 mins read
Ukrainian attacks on Russian oil refineries may be proving the Biden administration wrong, experts say
Defense Secretary Lloyd Austin said in April that attacking Russian oil refineries risked impacting…
Nathan Rennolds
1 min read
A cutoff of Russian energy could push the UK into a recession, says Britain's fiscal watchdog
The UK could enter a recession of Russia cuts off energy flows. The Office for Budget Responsibilit…
Brian Evans
1 min read
Russia's invasion of Ukraine will drag its economy back to 2007, wiping out 15 years of gains, finance experts say
The Institute of International Finance cited export problems, global companies leaving Russia and a…
Kieran Corcoran
1 min read
Ukraine official says Putin 'earns $1 billion a day from oil alone' as Zelenskyy lobbies without success for an embargo
Ukraine is calling for countries, especially in the EU, to stop buying Russia oil and gas, which gi…
Tom Porter
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 …