JPMorgan Chase & Co. analysts warn that global oil prices could rise to a “stratospheric $380 per barrel” if sanctions from the US and Europe prompt Russia to inflict retaliatory
Russia defaulted on its foreign currency sovereign debt for the first time in 100 years, the culmination of ever-tougher Western sanctions which shut down payment channels to overseas creditors.
Russia is just hours away, after months of hovering around the edge of default, from a dramatic moment of the financial war that the US and other countries have waged
Dramatic footage shows a rocket going in the wrong direction before plummeting to the ground in an explosion.
Many European countries have plans in place for managing gas supply, and even rationing power in the event that Russian gas flows cease after supplies through the Nord Stream 1
Russia is facing yet another bond payment test, and only days remain before it could default on its first foreign debt in over 100 years.
As Europe’s energy crisis worsens, Europe was urged to plan for a complete cut-off of Russian gas supplies.
An official from the EU stated Wednesday that the European Union will temporarily switch back to coal in order to deal with the slowing Russian gas flow. This was due
Ukrainian forces attacked drilling platforms at the Black Sea that were owned by a Crimean oil-and-gas company, according to the pro-Russian head of the annexed peninsula. He did not give
China’s largest oil supplier, Russia, has been overtaken by Saudi Arabia. Beijing is trying to profit from the crisis by buying cheaper supplies.
According to Interfax, Russia’s first half of June saw an almost 5% increase in oil production compared to May. The Interfax news agency reported Tuesday, citing a source with knowledge
