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There is a glaring carve-out in President Joe Biden’s sanctions against Russia: Oil and natural gas from that country will continue to flow freely to

Biden's Russia sanctions may let Moscow profit from oil, gas | 2022-02-27 21:58:27

There is a glaring carve-out in President Joe Bidens sanctions against Russia: Oil and natural gas from that country will continue to flow freely to the res...

The price of Brent crude oil hit its highest level since 2014 after increasing by 5.6 per cent to $102.30 per barrel this morning, during a week that has already seen fuel prices reach new record levels in the UK.

Energy agency: Methane emissions higher than countries claim | 2022-02-23 18:45:36

Following Vladimir Putins decision to order Russian forces into eastern Ukraine, European gas prices jumped by 13 per cent and Brent crude oil closed at almost $100 a barrel - a seven-year high.

The RAC - which released the figures for yesterday - warned drivers to expect petrol prices to hit the grim milestone of 150p per litre in the coming days as retailers pass on rising wholesale costs.

Given current infrastructure, imports from US, other gas-producing countries would not be enough to offset cutoff of Russian gas

The contingency plan is aimed to reassure European allies concerned about the impact of Russia weaponizing its energy supply

WASHINGTON - The Biden administration has been working with European countries and energy producers around the world on ways to supply fuel to Western E