energy
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Germany declares gas ‘alarm’ as Russia cuts supplies to Europe
Germany on Thursday activated the second phase of its three-stage gas emergency program, taking it one step closer to rationing…
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China’s imports of Russian oil hit new record high
Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean pipeline and seaborne shipments from Russia’s European…
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Europe is making it much harder for Russia to ship oil anywhere
But a smaller part of the latest sanctions package could prove just as significant. A ban on insuring ships carrying…
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Average US gas price hits $5 for first time
The record is hardly a surprise. Gas prices have been rising steadily for the last eight weeks, and this latest…
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Oil prices: OPEC considers pumping more as Russia output falls
The Wall Street Journal reported Tuesday that some members of the oil exporters’ cartel were exploring the idea of suspending…
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EU’s Russian oil ban is a big achievement, but limits of Western unity will face further tests
Getting 27 countries, many of which have been utterly reliant on Russian energy, to agree on a package that will…
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Russia’s Gazprom shuts off gas supplies to Poland and Bulgaria
Russian state energy giant Gazprom said in a statement Wednesday that it had fully halted supplies to Polish gas company…
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Amazon is adding a 5% fuel and inflation surcharge
The e-commerce giant said the new fee will begin April 28 and is being imposed because inflation has worsened significantly…
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Gas prices are high. Oil CEOs reveal why they’re not drilling more
Fifty-nine percent of oil executives said investor pressure to maintain capital discipline is the primary reason publicly traded oil producers…
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Oil ’emergency’: Work from home and drive slower, IEA says
The energy watchdog detailed a 10-point emergency plan that includes reducing speed limits on highways by at least 6 miles…
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