Energy

G-7 Nears Agreement on Exploring New Sanction Capping Russian Oil Price

G-7 Nears Agreement on Exploring New Sanction Capping Russian Oil Price

The Group of Seven club of wealthy democracies is inching toward a deal to expand its sanctions against Russia by seeking a mechanism to cap the purchase price of Russian oil, officials said, but details are still being worked out. The move, which is being discussed at the three-day G-7 summit in the Bavarian Alps …

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G7 leaders discuss price cap on Russian oil over Ukraine invasion | Russia-Ukraine war News

G7 leaders discuss price cap on Russian oil over Ukraine invasion | Russia-Ukraine war News

G7 leaders meeting in Germany are discussing plans to cut Russian revenue from oil exports amid rising energy prices. Leaders of the Group of Seven (G7) nations have discussed plans to cap the price of Russian oil in order to squeeze Moscow, which is benefiting from rising energy prices, and cut off its means of …

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Putin is squeezing gas supplies. And Europe is getting seriously worried about a total shutdown

Putin is squeezing gas supplies. And Europe is getting seriously worried about a total shutdown

BRUSSELS — European leaders are growing concerned about the possibility of a complete shutdown of gas supplies from Russia, with Italy calling for a new meeting to discuss the matter. Gazprom, Russia’s state-backed energy provider, has cut its gas flows to Europe by about 60% in recent weeks, prompting Germany, Italy, Austria and the Netherlands …

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Dan Yergin on oil prices falling despite tight supply, Russia tensions

Dan Yergin on oil prices falling despite tight supply, Russia tensions

Energy expert Dan Yergin said there are two reasons why oil prices have fallen in the last month even though the market is still tight: the Fed and Russia’s war in Ukraine. Oil prices had been rising since last year, hitting highs after Russia launched an unprovoked war against Ukraine. But since the end of …

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Nuclear Power Is Poised for a Comeback. The Problem Is Building the Reactors.

Nuclear Power Is Poised for a Comeback. The Problem Is Building the Reactors.

Western nations are betting big on nuclear power, decades after safety concerns caused it to fall out of favour, only they have lost their expertise in building reactors. Governments want carbon-free electricity from nuclear power to help tackle climate change and reduce dependence on Russian oil and gas. The United States, France and China are …

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Germany Looks at Potential Rationing of Natural Gas After Russia Cuts Supply

Germany Looks at Potential Rationing of Natural Gas After Russia Cuts Supply

BERLIN—The German government moved closer to rationing natural gas on Thursday after Russia cut off deliveries to the country last week in an escalation of the economic war triggered by Moscow’s invasion of Ukraine. Berlin activated the second of its three-step plan to tackle gas shortages after Kremlin-controlled energy giant Gazprom, the country’s biggest gas …

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Germany triggers 'alert level' of emergency gas plan, sees high risk of long-term supply shortages

Germany triggers ‘alert level’ of emergency gas plan, sees high risk of long-term supply shortages

Habeck previously warned that the situation will be “really difficult in winter” without precautionary measures to avoid a gas supply shortage. Images Alliance | Images Alliance | fake images Germany has stated that it is moving to the so-called “alert level” of its emergency gas plan as reduced Russian flows exacerbate fears of a winter …

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