Russian energy giant Gazprom produced 13% less natural gas last year after failing to diversify its sales away from Europe following Russia’s invasion of Ukraine.
Russia’s Gazprom experiences significant downturn due to Ukraine war
Gazprom, the Kremlin-backed gas giant, is unlikely to recover the revenues lost due to Vladimir Putin’s war in Ukraine for at least a decade, according to a study reportedly commissioned
UK Energy bills to drop to their lowest in two years.
Gas and electricity bills are anticipated to drop to their lowest levels in over two years following the easing of the energy crisis sparked by Vladimir Putin’s invasion of Ukraine.
Gazprom Reports £5bn Loss, Delivering a Setback to Putin
Russian natural gas conglomerate Gazprom reported a significant loss of 629 billion roubles (£5.5bn) last year, as its sales to Europe sharply declined following President Vladimir Putin’s decision to invade
Putin is getting around Western sanctions
Insurers have raised concerns that the price cap on Russian oil has become unenforceable, leading to an increase in ships joining a shadow fleet, thereby circumventing G7 sanctions aimed at
Oil prices increase as Israel promises retaliation to Iran’s assault.
Oil prices increased after Israel announced plans to retaliate against Iran’s significant attack over the weekend.
Oil prices drop amid escalating Middle East tensions.
Oil prices could rise above $100 a barrel, potentially increasing fuel costs for motorists, if tensions between Israel and Iran intensify, according to analysts in the finance sector.
Analysts forecast that oil prices may reach $100 per barrel by May
Expectations are high that Brent crude prices will rise starting in May, following OPEC’s decision to prolong supply reductions. Analysts forecast that oil prices may reach $100 per barrel by
Putin seeks urgent petrol supplies as Russia faces fuel shortage.
Russia has reportedly requested Kazakhstan’s assistance in supplying petrol, as Ukrainian attacks on Russian refineries have necessitated gasoline imports.
Gas and Oil prices continue to rise
European natural gas prices have increased for the fourth consecutive day due to growing concerns over worldwide energy supplies.
Putin plans tax increases to support Russia’s faltering military efforts.
Vladimir Putin is reportedly considering significant tax increases for Russians as the Moscow government struggles to secure sufficient funds for its military operations in Ukraine.
Russia imposes a ban on gasoline exports amid a shortage of fuel for motorists.
Russia has declared a six-month prohibition on petrol exports as the government, led by Vladimir Putin, strives to satisfy the fuel needs of its domestic drivers and agricultural sector.