BP andShellhave also both previously reported a big increase in profits as prices continue to surge around the world, exacerbated by the war inUkraineand theCOVID-19pandemic. It's not the first time an energy company has reported such high profit. Last year...
according to which following a change of position in Germany, all European Union (EU) member states were now willing to support the EU's suspension of Russian oil imports as part of a new crackdown on Russia due to its conflict with Ukraine. ...
a former representative of the Ukrainian president on international energy security, Bohdan Sokolovsky, said at a press conference in Kyiv on Monday.He said that Ukraine currently earned about USD 1.5 billion on gas transit."If we create a gas consortium, it means that it will be necessary to...
the last year. We are now assuming a 15% hurdle rate simply because the industry, after the Russia-Ukraine conflict, has embraced the fact that more oil and gas investment is required. Therefore we get to a required oil price of $80 a barrel to balance the market over ...
With Russia intensifying its war on Ukraine, killing civilians and triggering a mass refugee crisis, President Joe Biden announced a U.S. ban on imported Russian oil.
part of Ukraine in 1954, when Nikita Khrushchev gave it to his native land. It wasn’t a big deal until 1991, when the Soviet Union broke up and Ukraine, and hence Crimea, became independent. Since then, there have been political issues about the area’s status between Kyiv and Moscow....
Shell said Tuesday that it would stop buying Russian oil and natural gas and shut down its service stations, aviation fuels and other operations there, days after Ukraine’s foreign minister criticized the energy giant for continuing to buy Russian oil. Energy analysts warn that prices could go ...
Another motive is to turn the tables when it comes to Russia and Ukraine's struggle for natural gas. Russia and Ukraine have continually quarreled over the fact that Russia is one of Europe's main suppliers of natural gas and oil. More than half of Germany's oil comes from Russia. Before...
The future of Europe's gas sector is under threat. Recurring Russian threats to the Ukraine and EU member countries to block their gas supplies are hitting the media again and again. At the same time, Europe's gas market liberalization has not brought about the desi...
Funds tracking the traditional energy sector can track much of their outperformance this year to February 24, when Russia began its latest invasion of Ukraine and provoked widespread curbs on oil and gas from Western countries. Even if Russia were to immediately withdraw its offensive,...