Russia controls the Sakhalin gas project and raises risks with the West

Putin signed a decree to secure all rights on Thursday The five-page decree comes on the heels of toughening Western sanctions This move raises risks for Western companies still in Russia Shell is already in talks to sell Sakhalin’s stake TOKYO/LONDON (Reuters) – President Vladimir Putin raised the stakes in an economic war with the … Read more

Oil prices rise amid G7 talks on new Russian sanctions

Crude oil storage tanks at Kinder Morgan Terminal in Sherwood Park, near Edmonton, Alberta, Canada, November 14, 2016. REUTERS/Chris Hellgren Register now to get free unlimited access to Reuters.com Register HOUSTON (Reuters) – Oil prices rose on Monday in a volatile session as investors awaited any moves against Russia’s oil and gas exports that might … Read more

US meets with refineries on high pump prices; No plan yet – sources

US Energy Secretary Jennifer Granholm has expressed interest in a possible lifting of smog-fighting gasoline rules to combat high pump prices and backed away from a plan to ban fuel exports during a wide-ranging meeting with refiners, two industry sources said. Thursday. With tensions rising between US President Joe Biden and Big Oil, the two … Read more

EU signals turn to coal, accuses Russia of ‘rogue steps’ on gas

Pipes are photographed at the land landing facilities of the “Nord Stream 1” gas pipeline in Lubmen, Germany, March 8, 2022. REUTERS/Hannibal Hanschke Register now to get free unlimited access to Reuters.com Register BRUSSELS/OSLO, June 22 (Reuters) – The European Union will temporarily turn to coal to deal with dwindling Russian gas flows without derailing … Read more

Germany faces recession risk as Russia gas crisis deepens

A photo of pipes is taken at the landing facilities of the “Nord Stream 1” gas pipeline in Lubmen, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now to get free unlimited access to Reuters.com Register More Europeans activate the first phase of gas crisis plans Rising gas prices add to policy makers’ inflation headaches … Read more

Europe may return to coal as Russia rejects gas flows

A photo of pipes is taken at the landing facilities of the “Nord Stream 1” gas pipeline in Lubmen, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now to get free unlimited access to Reuters.com Register Germany may take ‘painful’ step to ignite coal power Italy and Austria are also looking to burn more coal … Read more

Russians advance and Zelensky expects escalation as EU prepares to welcome Ukraine

EU takes decision on Ukraine’s membership bid Zelensky says the battle for Donbass will intensify Sievierodonetsk city center of Russian attacks NATO’s Stoltenberg says the war could go on for years Kyiv (Reuters) – Russian forces seized riverside territory along the frontline in eastern Ukraine on Monday and President Volodymyr Zelensky predicted Moscow would step … Read more

China’s oil imports from Russia may rise to a record high, overtaking Saudi Arabia’s largest oil supplier

Oil and gas tanks at an oil depot in the port of Zhuhai, China, October 22, 2018. (Reuters) / Ali Song Register now to get free unlimited access to Reuters.com Register Russia overtakes Saudi Arabia as the largest supplier after a gap of 19 months Russia imports nearly two million barrels per day in May … Read more

Swiss sudden rate hike worries markets; Holds the Bank of Japan

Pedestrians reflect in a window in front of a board showing stock prices on the Australian Stock Exchange (ASX) in Sydney, Australia, February 9, 2018. REUTERS/David Gray/File Photo Register now to get free unlimited access to Reuters.com Register The Swiss National Bank raises 50 basis points, the franc rises and the dollar falls Stock markets … Read more

Analysis: Market crash exposes Europe’s divisions

Defeat markets focus on Europe’s Achilles heel The European Central Bank’s attempt to restore confidence that has been curbed by high prices Ministers deadlocked over a ten-year plan to support banks LONDON (Reuters) – A sell-off in the markets brought back memories of the euro zone debt crisis more than a decade ago, highlighting the … Read more