Why does the United States believe its proposal to impose a price restriction on Russian oil will be successful

According to a Senior Biden energy advisor, the United States is still "a ways away" from obtaining a global agreement to impose a price restriction on Russian oil exports, and the world's two largest energy consumers, India and China, have shown little interest in the idea thus far...

Can the G7's plan to control the price of Russian oil be implemented

The West has announced plans for price restrictions to try and stop Russia's increasing oil earnings, which directly fund its expansionist goals, as military battles in the Ukraine war continue.

At a recent session in Bavaria, the Group of Seven (G7), a collection of the wealthiest ...

Following new EU sanctions, France is in negotiations with the UAE to find a replacement for Russian gas

Following a fresh round of EU sanctions aimed at reducing European imports of Russian oil products by 90% in the next six months, European governments are scrambling to find alternatives.

French Economy and Finance Minister Bruno Le Maire stated on Sunday that France is in talks with th...

Orbán emerges as the most vocal opponent of EU sanctions on Russian oil

Germany is becoming more inclined to take action on oil, but a ban might still be 'weeks' away.

Will the European Union ever be able to break its reliance on Russian oil? Not if Viktor Orbán has anything to say about it.

Hungary's newly re-elected prime mini...

Real-time tracking of Russian oil and gas ships through the Twitter bot

Audrey Uhlmann and her crew took to the keyboard in the days after the United States embargo on Russian oil and gas imports. She and her team of data scientists at Greenpeace U.K. developed a similar programme, inspired by the Russian Oligarch Jets tracker on Twitter, to follow the movements of t...

Global oil prices rise once more as the EU contemplates imposing an embargo on Russian oil

Global oil prices have risen by more than $3 a barrel, with Brent crude trading above $111, as European Union countries ponder joining the US in a Russian oil embargo and following a weekend attack on Saudi oil facilities.

Brent oil futures were up $3.40, or 3.2 per cent, to $111.33 a b...

Ex-minister warns of penalties on oil traders with ties to Russia

In October of last year, Vitol revealed that it had headed a consortium that had acquired a 5% share in Vostok Oil, together with Singapore-based oil trader Mercantile & Maritime.

Vitol stated: "Vitol is outraged and grieved by the unjustified loss of human life and the sufferi...

Europe is on a warpath to get rid of Russian oil and gas

Policymakers in Brussels were putting the final touches on a new proposal to slash Russian gas by even more than two-thirds over the next nine months as a deputy prime minister in Moscow threatened to halt natural gas flows through the Nord Stream 1 pipeline, which supplied 38 per cent of gas imp...

Inflation in the United States has reached a 40-year high

There's a simple reason for this: current demand exceeds supply. Politicians, customers, and social media trolls all weigh in on why things have come to this, from the Biden administration's ostensibly anti-energy policies to oil firms' craven avarice.

However, once the acut...

How much oil does the United States receive from Russia?

Concerns about interruptions in global supply, of which 8% comes from Russian exports, have pushed up oil prices, prompting traders to seek alternate sources in an already tight market.

Although the United States imports Russian oil, it is not overly reliant on the nation for its suppli...

Europe trying desperately to abandon Russian oil and gas

It crisscrossed the Baltic Sea from western Siberia to land in Germany, ensuring supply to Germany and the narrow European energy market, which allows natural gas supplies to flow freely across borders.

Russia's gas contracts with Ukraine are due for renewal in 2024, and Russia appe...