Natural gas strategy tests Europe's unity against Russia

Jul 22, 2022
European leaders worry about the risk of a supply shortage in the winter, though member nations have different levels of energy security.
An industrial plant in Germany that uses Russian natural gas. Germany, the largest economy in Europe, is also the most dependent on the Russian resource.
Edouard Merlo/AFP via Getty Images

The U.S. tries to build support for a price cap on Russian oil

Jul 13, 2022
Experts say buy-in from China and India would be key to making the policy work.
The U.S. and its allies hope to create a "buyers cartel" aimed at reducing Russia's oil revenue in response to its attack on Ukraine.
Frederic J. Brown/AFP via Getty Images

U.S. pushes for Russian oil price ceiling. Feasible?

Jun 28, 2022
Advanced nations will evaluate the idea in an effort to limit Russia's energy revenue. But Russia could retaliate.
An oil refinery on the outskirts of Moscow. Although the advanced nations are considering a price cap on Russian oil, Russia could retaliate by shutting off the flow of natural gas to Europe.
Natalia Kolesnikova/AFP via Getty Images

Why OPEC might decide to take a break from its alliance with Russia

Jun 1, 2022
Russia is the world's third-largest oil producer — such a decision won't be made lightly.
The relationship between Russia and the Organization of the Petroleum Exporting Countries has always been contentious.
Joe Klamar/AFP via Getty Images

Is European resolve against Russia’s war beginning to soften?

by
May 31, 2022
The EU has just unveiled a punitive ban on oil imports from Russia — but the Ukrainian government is unimpressed.
The Ukrainian flag at the European Parliament building in Brussels. The European Union's ban on the majority of oil imports from Russia is too weak to satisfy Ukraine and some EU member nations.
François Walschaerts/AFP via Getty Images

After Ukraine invasion, Germany reconsiders trading with autocrats

by
Apr 12, 2022
Russia’s aggression has forced Germany to reconsider the notion that trade helps promote democracy.
Ukrainian President Volodymyr Zelenskyy addresses the German lower house of parliament on March 17. Zelenskyy has criticized Germany for failing to ban Russian gas.
Tobias Schwarz/AFP via Getty Images

Europe sanctions Russian coal but not oil and gas

Apr 8, 2022
Experts say the EU should look into further energy sanctions while cold weather is not a pressing concern.
Coal imported from abroad lies at Hamburg Port after unloading from ships on April 8 in Hamburg, Germany.
Morris MacMatzen/Getty Images

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China walks a trade tightrope between Russia and the West

Mar 17, 2022
The Chinese government is opposed to sanctions against Russia and says it will continue to trade with it. But that is not easy in practice.
Though China relies on Russian oil, voluntary sanctions by Western companies could make it harder for China to get it. Above, a worker stands on pipes at an offshore oil in China's eastern Shandong province.
STR/AFP via Getty Images

Biden announces ban on Russian oil imports

Mar 8, 2022
Gas prices have already been on the rise since the Russian invasion of Ukraine. The move is likely to increase prices at the pump even more.
In retaliation for their invasion of Ukraine, for President Joe Biden announced a ban on U.S. imports of Russian oil and gas on Tuesday — one of the current lifelines for the Russian economy.
Jim Watson/AFP via Getty Images

There's an oil market crisis even without sanctions on Russian exports

Mar 2, 2022
Brent crude rose above $113 a barrel Wednesday — the highest level in eight years.
Though oil prices have reached the highest levels in eight years, OPEC+ is choosing not to ramp up production.
Frederic J. Brown/AFP via Getty Images