Energy security has been ignored for too long, a diversified and global strategy is needed if the world is going to avoid future energy crises
Russia is energy self-sufficient. It does not need to import energy from Africa, it can only act as a fortified gatekeeper
Russian state gas giant Gazprom has already cut gas flows to Germany via the key Nord Stream 1 pipeline by 60% from last month, citing an equipment hold-up in Canada as a result of sanctions over the war in Ukraine.
European Union leaders agreed to pursue a ban on imports of most Russian oil
Crude has surged in 2022, with Brent hitting US$139, its highest since 2008, in early March as Russia’s invasion of Ukraine exacerbated supply concerns
Western sanctions on Russia after their invasion of Ukraine are expected to see a loss of about three million barrels per day (bpd) of Russian oil in April, according to the IEA
Madness to neglect climate policies, UN secretary general says
Russian invasion is threatening target to curb global warming
The extreme volatility in oil markets is here to stay, as traders have slashed open interest in oil futures to a seven-year-low.
Biden’s decision to ban Russian oil imports to the U.S. had a predictable effect on oil prices, but the long-term impact on the U.S. oil industry is less clear.
Brent crude, an international benchmark, fell more than 17% at one point after the statement by the UAE, a member of the powerful oil cartel Opec