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EU Begins Drafting Embargo On Russian Oil
The European Union has started drafting its proposal for an embargo on Russian oil imports as its latest response to the war in Ukraine, the New York Times reported, citing Brussels officials and diplomats.
read more... 18/04/2022
Daily (14.04.2022): British gas prices moved upwards on Wednesday amid Putin declarations that negotiations with Ukraine had reached an impasse
Crude oil prices extended their rally on Wednesday after Russian president Vladimir Putin said his country’s invasion of Ukraine was “going to plan”, raising the spectre of supply disruptions from the world’s number two exporter. Hence, Brent crude soared by $4.1, or 4%, to settle at $108.78 a barrel. U.S. WTI crude futures ended up $3.6, or 3.7%, to $104.25.
read more... 14/04/2022
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German economic institutes see sharp recession if Russian gas cut off
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
Speed up green transition to break from Russian fossil fuels, say 11 EU countries
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
Daily (06.04.2022): European front-year electricity prices increased over 1% on Tuesday amid fears of new sanctions on Russian energy
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