Russian

Energy Transition

As EU Leaders Split on Russian Energy Sanctions, Commission Moots 5-year Plan

The European Commission is drawing up plans for the EU to stop importing Russian fossil fuels by 2027, as national leaders disagree on the pace of a pivot to ot…

Natural Gas

Why LNG Won’t Fully Replace Russian Gas in Europe

Europe faces a number of challenges in importing more U.S. LNG.

Oil Price

Oil Prices Fall, Continuing Downward Trend From Last Week

Oil prices fell on Sunday at the start of the session, extending last week’s decline, as a U.S. official said Russia was showing signs it might be willing to h…

Nuclear Power Plant

Russia Engineers Inspect Seized Ukraine Nuclear Plant

Russian engineers have arrived to measure radiation at a Ukrainian nuclear plant, the seizure of which during Moscow's invasion of the country sparked internati…

Crude Oil

Countries and Companies Shun Russian Crude over Ukraine Invasion

Russian gas flows to Europe remain stable, but Moscow is starting to face problems in selling its crude oil and oil products as Western sanctions over Russia's …

LNG

Worley to Pull out of Russia over Ukraine Invasion

Australia-based engineering firm Worley has decided to suspend its operations in Russia in response to invasion of Ukraine.

Oil Price

Oil Price Shock Jolts Global Recovery as Economic Impact of Russia’s Invasion Spreads

The highest oil prices since the 2008 financial crisis are dealing a heavy blow to the global economy, slowing Europe’s pandemic recovery to a near stall and c…

Crude Oil

What the Bans on Russian Fossil Fuels Actually Mean

Prices are up—but so is the pressure to switch to electric everything.

Energy Investment

China Considers Stake Acquisitions in Russian Energy Firms

China is in negotiations with firms including China National Petroleum, and China Petrochemical.

Crude Oil

Eni Suspends Russia Oil Purchase over Ukraine Invasion

Eni, which has already suspended its JVs with Russia’s Rosneft, has take-or-pay gas contracts with Russian energy firm Gazprom.

Electric Car

Why Russia’s Invasion and Surge in Oil and Metals Prices is Bad News for EVs

The cost of filling up the tank of an internal combustion engine car will make people think about going electric.

Wind Farm

Italy Gives Green Light to Six Wind Farms in Renewables Drive

The Italian government has given the green light to the construction of six wind farms with a capacity of 418 megawatts as it steps up efforts to reduce depende…

Coal Price

Ukraine Crisis Could Send Coal Prices to $500

Coal prices are soaring, hitting $462 per tonne today, up from $186 on the 23rd of February and likely to pass $500 this year, Rystad Energy research suggests.

Coal Trade

India's Russian Coal Imports Could be Highest in over Two Years in March

India’s coal imports from Russia in March could be the highest in more than two years, data from research consultancies showed, as Indian buyers continue buyin…

Crude Oil

Canada Looking at Boosting Oil Pipeline Flows to U.S., Minister Says

Canada is studying ways to increase pipeline utilization to boost crude exports as Europe seeks to reduce its dependence on Russian oil, the country's natural r…