energy

By Shadia Nasralla, Benjamin Mallet and Michel Rose LONDON – France’s TotalEnergies cuts a lonely figure hanging onto its Russian investments during a mass exodus of western oil majors from …

The French government seized a massive yacht belonging to Russian oligarch Igor Sechin, the head of a state-run energy giant, France’s finance ministry said. French customs authorities executed the seizure …

– Australian financial conglomerate Macquarie Group’s green investment unit said on Thursday it would launch an offshore wind energy business, with operations set to start in April. The new business, …

The Biden administration unveiled a round of fresh sanctions Wednesday, in part targeting a small portion of Russia’s massive oil and gas industry. The Department of Commerce will place restrictions …

The price of crude oil touched its highest level in nearly 11 years on Wednesday amid the ongoing Ukraine crisis which has roiled energy markets. The WTI index, the U.S. …

President Joe Biden has pushed an aggressive anti-fossil fuels agenda since taking office, harming U.S. energy independence goals and enabling Russian aggression, experts said. “Vladimir Putin has had a chance …

By Nevzat Devranoglu ISTANBUL – Turkey’s trade deficit widened 186% year-on-year in the first two months of the year due to a surging energy bill, data showed on Wednesday, as …

– U.S. insurer American International Group said on Tuesday it would no longer provide underwriting services and investments for the construction of any new coal-fired power plants, thermal coal mines …

By Foo Yun Chee and Kate Abnett BRUSSELS – The European Commission will propose that member countries tax the profits energy companies made from recent gas price spikes and invest …

U.K. oil corporation BP announced that it would immediately sell its nearly 20% stake in Russian state-owned energy firm Rosneft amid the ongoing Ukraine crisis. BP purchased the 19.75% stake …

PARIS – European forward power prices fell further on Friday, with sanctions against Russia for its invasion of Ukraine yet to have an immediate impact on energy supplies. [NG/EU][O/R] The …

By Kate Abnett BRUSSELS – The European Parliament’s lead negotiator has proposed tougher EU targets to reduce energy use this decade, which he said would help cut Europe’s dependence on …

KYIV – Ukraine, with a population of 41 million, is one of the largest energy consumers in Europe and is also a key transit country for Russian gas to Europe. …

MOSCOW – Ukrainian energy firm Naftogas said on Thursday that the country’s energy infrastructure has not been the subject of systemic shelling and the “situation is under control” following Russia’s …

BERLIN – Germany can guarantee security of supply even without Russian gas or oil, Economy Minister Robert Habeck said on Thursday. “We will have to buy more gas, but also …

– Shale oil and gas producer Chesapeake Energy Corp said on Wednesday its quarterly adjusted profit rose 14.5% in the fourth quarter from the third, helped by a surge in …

BERLIN – Germany’s coalition parties agreed on Wednesday a roughly 13 billion euro package of measures to help households cope with surging energy prices, including scrapping a surcharge levied on …

A top Russian government official warned that energy costs would skyrocket in Europe after Germany halted certification of the Nord Stream 2 pipeline Tuesday. “German Chancellor Olaf Scholz has issued …

MOSCOW – Russia’s Energy Minister considers the oil price of between $55-70 a barrel as ‘optimal’ for the market, according to an interview published on Tuesday. Oil hit its highest …

WASHINGTON, D.C. – Vice President Kamala Harris is warning Americans to brace for even higher energy costs as the crisis between Ukraine and Russia continue into the spring. Last week, …

By Isla Binnie MADRID – The European Union will consider whether to require member states to fill their natural gas storage to prescribed levels, a senior official said as the …

By Giuseppe Fonte and Gavin Jones ROME -Italy’s government on Friday approved measures worth around 6 billion euros ($6.81 billion) to help consumers and firms hit by a rise in …

By Joseph Nasr BERLIN – Germany and the United States clashed on Friday over whether nuclear power should be part of the energy mix as rich countries race to cut …