Tag: Russian Oil Trade

Germany Triggers Emergency Plan as Putin Wants Gas Paid in Rubles

March 30, 2022
Business & Economycommoditieseconomic policiesEuropegermany's dependence on russiaMarketsRussia gasRussia-Ukraine WarRussian Oil TradeWorld
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Berlin has triggered the first stage of an emergency plan for managing gas supplies due to concerns of potential supply disruptions following Russian President Vladimir Putin’s push to make “unfriendly” nations buy gas in rubles. Germany’s emergency gas plan has three levels. The first is the early warning, which is triggered when there are signs…

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Europe Aiming to ‘Significantly’ Cut Russian Gas Imports With Washington’s Assistance

March 24, 2022
Business & Economyeconomic policieseconomyEuropeInternationalMarketsRussia gasRussia-Ukraine Warrussian importsRussian Oil TradeWorld
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The European Union is seeking to scale down its reliance on Russian gas imports while seeking help from the United States, European Commission President Ursula von der Leyen told EU lawmakers on March 23. Stressing that “energy policy is also security policy,” von der Leyen pointed out that the commission has proposed measures that will…

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70 Percent of Americans Favor Increase in Domestic Oil, Gas Production: Rasmussen

March 10, 2022
Average gas priceBusiness & Economyeconomic policieseconomyExecutive Branchhigher oil pricesinflationMarketsPoliticsRussian Oil Tradeu.s. energy productionUSUS News
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A vast majority of Americans want the country to be energy independent, according to a recent poll by Rasmussen Reports, indicating increasing frustration with rising fuel costs and the impact it has on everyday expenses. Poll results show 70 percent of likely U.S. voters support a policy of boosting domestic oil and gas production to…

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‘Uncomfortable Truth,’ European Union Cannot Cut Off Russian Energy Supplies: Dutch Prime Minister

March 10, 2022
Business & Economycommoditieseconomyenergy independenceEuropeinflationInvestmentMarketsRussia-Ukraine Warrussian gasrussian importsRussian Oil TradeWorld
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Mark Rutte, the Dutch Prime Minister, has dismissed the possibility of the European Union (EU) banning energy supplies from Russia in the wake of Moscow’s invasion of Ukraine. “We have to discuss our vulnerabilities in terms of our dependency on Russian oil and Russian gas. I would not plead for cutting off our supply of…

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Gas Prices Break Record Again, up 15 Percent in Weekly Growth

March 8, 2022
Biden administration energy policiesBusiness & Economycommoditieseconomic policieseconomyExecutive Branchgas priceshigher oil pricesinflationMarketsNew Sanctions on RussiaPoliticsRussian Oil TradeUSUS News
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The ongoing conflict between Ukraine and Russia has pushed up energy prices worldwide, with gasoline prices in the United States soaring to an all-time high on March 8. Critics have blamed the Biden administration’s insistence on diverting away from fossil fuels, a main contributor to the price hike. The average price of regular unleaded gas…

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Oil Could Reach $300 a Barrel, Warns Moscow in Light of New Sanctions

March 8, 2022
Business & EconomyEuropeMarketsNew Sanctions on RussiaNord Stream 1Oil priceRussia-Ukraine WarRussian Oil TradeUSUS NewsWorld
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Crude oil prices could reach more than $300 per barrel if the West goes ahead with its plan to sanction Russian energy supplies, Moscow warned in a statement on state television. “It is absolutely clear that a rejection of Russian oil would lead to catastrophic consequences for the global market,” Russian Deputy Prime Minister Alexander…

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Traders Betting on $200 per Barrel Oil in March

March 7, 2022
Brent crude oilBusiness & EconomycommoditieseconomyMarketsOil priceoil tradersRussian Oil TradeUSUS News
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As the Russia–Ukraine conflict continues to rattle global markets, some traders are betting on crude oil prices going over $200 per barrel this month suggesting relief, in terms of fuel and related costs, is still far off. The prices of call option contracts for higher crude oil prices rose on Monday according to an analysis…

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Russian Oil Trade in Disarray Over Sanctions as Prices Blast Through $100/Bbl

March 2, 2022
Business & EconomyEuropeInternationalRussia-Ukraine WarRussian Oil TradesanctionsWorld
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LONDON—Russian oil trade was in disarray on Tuesday as producers postponed sales, importers rejected Russian ships and buyers worldwide searched elsewhere for needed crude after a raft of sanctions imposed on Moscow over the war in Ukraine. Numerous nations imposed sweeping sanctions against Russian companies, banks, and individuals following Russia’s invasion of Ukraine last week…

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