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News

Nord Stream 2 Could File For Insolvency After Sanctions Hit

Nord Stream 2 Could File For Insolvency After Sanctions Hit

Mar 01, 2022 at 11:30 | Tsvetana Paraskova

The Switzerland-registered owner of the Nord Stream 2 natural gas pipeline project could file for insolvency in a Swiss court as soon as this week, following the U.S. sanctions over…

Ukraine Calls For Immediate Ceasefire

Ukraine Calls For Immediate Ceasefire

Mar 01, 2022 at 09:40 | Charles Kennedy

Ukraine has called for an immediate ceasefire and a withdrawal of Russian troops at the talks that began between the Ukrainian and Russian governments yesterday. The talks lasted for five…

Canada Bans Russian Oil Imports In Symbolic Gesture

Canada Bans Russian Oil Imports In Symbolic Gesture

Mar 01, 2022 at 09:01 | Irina Slav

Canada, which has not imported any Russian oil in three years, has made a symbolic gesture in banning these same imports this week, Prime Minister Justin Trudeau said. “While Canada…

Pierre Andurand: Oil Markets Are Worse Off Than Many Traders Realise

Pierre Andurand: Oil Markets Are Worse Off Than Many Traders Realise

Feb 28, 2022 at 16:47 | Julianne Geiger

Popular hedge-fund manager Pierre Andurand is cautioning that the oil markets are worse off than many traders believe, according to the Wall Street Journal. When asked why oil…

Supreme Court Hears Case That Could Derail Biden’s Climate Policy

Supreme Court Hears Case That Could Derail Biden’s Climate Policy

Feb 28, 2022 at 14:08 | Tsvetana Paraskova

The U.S. Supreme Court is hearing a case on Monday brought by Republican states and coal companies over how much authority the Environmental Protection Agency (EPA) has to order emissions…

Boosting U.S. Oil Production

Boosting U.S. Oil Production "Misdiagnosis": Psaki

Feb 28, 2022 at 12:58 | Irina Slav

A proposal by Republican lawmakers to increase U.S. crude oil production amid the fast-deteriorating situation in Ukraine that could compromise the security of energy flows was a "misdiagnosis", according to…

Safe Haven Assets Set To Shine As Ukraine Crisis Continues

Safe Haven Assets Set To Shine As Ukraine Crisis Continues

Feb 28, 2022 at 12:32 | City A.M

Russia’s invasion of Ukraine, which is having devastating human consequences, has increased the risk of a stagflation environment – one of slowing economic…

The Crisis In Ukraine Is Weighing On European Steel Markets

The Crisis In Ukraine Is Weighing On European Steel Markets

Feb 28, 2022 at 12:20 | Metal Miner

Two steelmakers in Ukraine have placed their plants in conservation mode. This comes after the country’s invasion by Russian armed forces in the early hours of Feb. 24.…

Central Asia Braces For Economic Fallout As Russia’s Ruble Tumbles

Central Asia Braces For Economic Fallout As Russia’s Ruble Tumbles

Feb 28, 2022 at 12:02 | Eurasianet

The damage wrought by international sanctions on the ruble is sowing varying levels of alarm in currency markets in Kazakhstan, Kyrgyzstan, and Tajikistan, all of whose economies are…

Russia’s Central Bank Is Scrambling To Buy Gold As Ruble Collapses

Russia’s Central Bank Is Scrambling To Buy Gold As Ruble Collapses

Feb 28, 2022 at 11:24 | Tsvetana Paraskova

Russia’s central bank said on Sunday that it would start buying gold on the domestic market again, in the latest move to try to stabilize the financial markets and…

Switzerland Breaks Neutral Status, Joins EU Sanctions On Russia

Switzerland Breaks Neutral Status, Joins EU Sanctions On Russia

Feb 28, 2022 at 10:27 | ZeroHedge

Switzerland's historic neutrality is no longer: moments ago Reuters reported that the Swiss government had joined the EU in adopting sanctions on Russia, freezing assets of targeted companies…

Russia Puts Nuclear Forces On High Alert

Russia Puts Nuclear Forces On High Alert

Feb 28, 2022 at 09:01 | Charles Kennedy

Russia's President Vladimir Putin has put the country's nuclear forces on high alert amid a wave of Western sanctions in response to Russia's invasion of Ukraine. The invasion has so…

92 Hostages Held Captive By Russia At Chernobyl

92 Hostages Held Captive By Russia At Chernobyl

Feb 25, 2022 at 17:17 | Julianne Geiger

As the Ukrainian state news agency reports that consultations are underway as to when and where negotiations with Putin might take place, a…

China Stocks Up On Oil Despite Surging Prices And U.S. Call For Crude Release

China Stocks Up On Oil Despite Surging Prices And U.S. Call For Crude Release

Feb 25, 2022 at 15:43 | Tsvetana Paraskova

Despite rallying oil prices this year, China has been stocking up on crude oil, ignoring U.S. calls for a global coordinated release from strategic reserves, Reuters reported on Friday,…

Brent Crude, WTI Sink Back To Pre-Invasion Levels

Brent Crude, WTI Sink Back To Pre-Invasion Levels

Feb 25, 2022 at 15:06 | Julianne Geiger

Both crude oil benchmarks had slipped back to pre-invasion levels on Friday afternoon, dashing the predictions of some that the oil markets would see “apocalyptic” pricing.

As Many As 4 Million Ukrainians Could Flee To EU Countries

As Many As 4 Million Ukrainians Could Flee To EU Countries

Feb 25, 2022 at 14:04 | RFE/RL staff

The United Nations is preparing for up to 4 million refugees from Ukraine if Russia's war against the country continues to escalate. At least 100,000 people…

Surging Energy Prices Could Derail China's Coal Policies

Surging Energy Prices Could Derail China's Coal Policies

Feb 25, 2022 at 13:07 | Charles Kennedy

The rally in energy commodities following Russia's invasion of Ukraine could derail Chinese plans for using the guiding of the price of coal, which is still a major source of…

Sanctions Or Not, Russian Crude Is Getting Hit

Sanctions Or Not, Russian Crude Is Getting Hit

Feb 25, 2022 at 12:31 | Julianne Geiger

Sanctions on Russian banks and oligarchs have not halted Russian oil exports, with Indian refiners scooping up highly discounted Urals crude at a record pace, but Western buyers…

Europe Faces Record-High Energy Bill Of $1.2 Trillion This Year

Europe Faces Record-High Energy Bill Of $1.2 Trillion This Year

Feb 25, 2022 at 11:01 | Tsvetana Paraskova

Europe’s energy bill is set to surge to a record-high of $1.2 trillion in 2022 due to soaring energy commodity prices, which further rallied after Russia invaded Ukraine, Citigroup said…

Tanker Rates On Russian Crude Routes Triple  

Tanker Rates On Russian Crude Routes Triple  

Feb 25, 2022 at 08:47 | Tsvetana Paraskova

Amid a general unwillingness of tanker owners to send their vessels to Russian ports, the freight rates for a medium-sized tanker to load Russian crude jumped nearly threefold on Thursday…

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