Germany would face a sharp recession if gas supplies from Russia are suddenly cut off, the country’s leading economic institutes said on Wednesday, and the government said the war in Ukraine poses “substantial risks” for Europe’s largest economy.
read more... 14/04/2022
Europe must speed up the rollout of renewable energy and energy efficiency measures in response to Russia’s invasion of Ukraine, according to eleven EU countries.
read more... 08/04/2022
Oil prices decreased on Tuesday as reports about a new round of sanctions against Russia for its alleged war crimes in Ukraine were offset by the extended lockdown in Shanghai. Hence, Brent crude declined by 89 cents, or 0.8%, to settle at $106.64 a barrel. U.S. WTI crude fell by $1.32, or 1.3% to settle at $101.96 a barrel.
read more... 06/04/2022
Oil prices rebounded sharply on Monday as the EU is considering further sanctions against Russia, potentially including energy imports, due to war crimes in Ukraine. Hence, Brent crude soared by $3.14, or 3%, to settle at $107.53 a barrel. U.S. WTI crude surged by $4.01, or 4%, to settle at $103.28 a barrel.
read more... 05/04/2022
The head of Latvia’s natural gas storage operator said Saturday (2 April) the Baltic states were no longer importing Russian gas, a decision made in reaction to the Kremlin’s decision to invade Ukraine.
read more... 04/04/2022