German ex-chancellor Schroeder leaves Russian oil company | War news between Russia and Ukraine

German ex-chancellor Schroeder leaves Russian oil company |  War news between Russia and Ukraine

EU lawmakers have called for sanctions against Gerhard Schroeder and other Europeans who refuse to give up lucrative board seats at Russian companies. Former German Chancellor Gerhard Schroeder will leave the board of directors of Russian oil giant Rosneft under public pressure. Rosneft said Friday that Matthias Warnig, CEO of Schroeder and Nord Stream 2, … Read more

Finnish gas flow from Russia will be closed from Saturday: Energy supplier

Finnish gas flow from Russia will be closed from Saturday: Energy supplier

A drilling rig at a gas processing facility operated by Gazprom. Maxim Shemetov | Reuters Russia may have just made its first retaliation against Finland after lawmakers in Helsinki officially applied to join NATO’s military alliance. Gasum, the Finnish state gas wholesaler, said in a statement Friday morning that imports of natural gas from Russia … Read more

What does the war in Russia mean for global climate goals?

What does the war in Russia mean for global climate goals?

A group of Ukrainian women demonstrate to call for further action against Russia near the EU Commission headquarters in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty Images LONDON — Looking back at energy markets just over a month after the Russian attack on Ukraine, Saudi Arabia’s top energy official said: “Look at … Read more

UK inflation jumps to 40-year high of 9% as food and energy prices spiral

UK inflation jumps to 40-year high of 9% as food and energy prices spiral

A customer pays for his fruit and vegetables with a sterling ten pound note at a merchant’s market stall in London on May 12, 2022. – The UK’s economy contracted in March as the effects of rising inflation increased, increasing the likelihood that the country would would fall into a recession. Official data on Thursday’s … Read more

Europe dodges a gas crisis

Europe dodges a gas crisis

The confusion centers on the logistics of the payments themselves. Several European gas buyers have been preparing to evade the Kremlin’s requirement that gas bills be paid in rubles rather than euros or dollars laid down in contracts. Under Russia’s new payment mechanism, buyers in “unfriendly” countries are required to open two accounts with Gazprombank … Read more

US hasn’t had the highest gas prices: Perry

US hasn’t had the highest gas prices: Perry

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