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Germany details plan to wean off Russian gas by 2024
Germany has detailed plans to be mostly independent of Russian gas by 2024 by replacing 50-60% of the gas deliveries with LNG next year.
read more... 03/08/2022
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G7 mulls options to restrict Russian oil profits
The Group of Seven (G7) wealthy nations is looking at blocking the transportation of Russian oil among other options to deprive Moscow of bumper revenues amid its invasion of Ukraine, unless it heeds a price cap.
read more... 03/08/2022
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Russia's Gazprom stops gas supplies to Latvia
Russian gas producer Gazprom said on Saturday it had stopped sending gas to Latvia after accusing it of violating supply conditions, a move the Baltic country said would have little impact on its gas supplies.
read more... 02/08/2022
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Italy's Eni confident it will replace Russian gas by 2025
Italian energy group Eni believes it will be able to completely replace Russian gas imports by 2025 as uncertainty over Moscow's energy supplies to Europe forces countries to seek alternative sources.
read more... 01/08/2022
Daily (28.07.2022): Crude oil prices surged on Wednesday due to reports of lower US stocks
Crude oil prices surged on Wednesday following reports of lower US stocks and a reduction in Russian gas exports to Europe, which counterbalanced worries about weakening demand and higher interest rates in US. As such, WTI crude rose by 2.4% to settle at $97.26 per barrel, Brent crude ended 2.1% up at $106.62 a barrel.
read more... 28/07/2022