EU to propose price cap on Russian gas, von der Leyen says BRUSSELS: The European Commission will propose a price cap on Russian gas, alongside measures including a mandatory... Published 07 Sep, 2022 04:47pm
Markets Putin says Russia to stop supplying energy if Western price caps imposed VLADIVOSTOK: President Vladimir Putin on Wednesday threatened to cut off energy supplies if price caps are imposed... Published 07 Sep, 2022 04:43pm
Markets China to pay for Russian gas in yuan, rubles: Gazprom MOSCOW: Russia’s energy giant Gazprom said Tuesday that China will start paying for Russian gas in rubles and yuan... Published 07 Sep, 2022 04:13am
Business & Finance Euro plunges to new 20-year low after Russian gas halt LONDON: The euro sank below $0.99 to a new 20-year low on Monday after Russia’s halt to gas supplies down its main... Published 06 Sep, 2022 04:08am
Markets A cap on Russian oil prices? G7 eyes untried, risky plan NEW YORK: Capping the price of Russian oil, an approach G7 members said Friday they want to pursue “urgently,” would... Published 04 Sep, 2022 11:06am
Markets US natgas futures lower NEW YORK: US natural gas futures slipped more than 4% on Friday en route to their worst week in two months, taking... Published 04 Sep, 2022 05:44am
Markets Germany plans more LNG capacity as Russian gas dwindles FRANKFURT: Germany will charter a fifth floating liquefied natural gas terminal as it looks to wean itself off... Published 01 Sep, 2022 08:08pm
Markets Hungary says Russia to deliver more extra gas BUDAPEST: Hungary said Wednesday that Russian energy giant Gazprom will further increase natural gas deliveries to... Published 31 Aug, 2022 08:44pm
Opinion Attacks on major Iraqi gasfield drive out US contractors A series of rocket attacks on a gasfield in northern Iraq has sent the US contractors working on its expansion... Published 31 Aug, 2022 06:27am
Markets Russia's Gazprom warns European gas prices could climb a further 60% MOSCOW: Russian state gas company Gazprom said on Tuesday that European gas prices could spike by 60% to more than... Updated 16 Aug, 2022 05:34pm
Opinion Gas crunch pushes German glassmaker to the brink In 400 years, Heinz-Glas, one of the world’s biggest producers of glass perfume bottles, has seen off many crises... Published 09 Aug, 2022 03:37am
World EU plan to cut gas use by 15% comes into effect BRUSSELS: An EU plan to cut gas consumption across the bloc by 15 percent to cope with an energy price crisis... Published 08 Aug, 2022 06:16pm
Markets Turkey to pay for some Russian gas in rubles: Erdogan ISTANBUL: President Recep Tayyip Erdogan has confirmed that Turkey will start paying for some of its Russian natural... Published 06 Aug, 2022 05:39pm
Opinion Europe’s dependence on Russian natural gas Since the start of the Russian-Ukraine war, Nord Stream gas pipeline has been the focus for energy supply to Germany... Published 30 Jul, 2022 03:39am
Markets Oil rises on US inventory drop, Russian gas cuts LONDON: Oil rose by $2 a barrel on Wednesday as a report of lower inventories in the United States and cuts in... Published 28 Jul, 2022 04:41am
Print IMF cuts global growth forecasts WASHINGTON: The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside ... Published 27 Jul, 2022 05:23am
Markets EU diplomats agree new Russia sanctions, target gold BRUSSELS: European Union diplomats meeting in Brussels on Wednesday agreed a new round of sanctions against Russia... Published 20 Jul, 2022 07:24pm
Markets EU tells members to cut gas usage amid new Putin warning BRUSSELS/LONDON: The European Union told member states on Wednesday to cut gas usage by 15% until March as an... Published 20 Jul, 2022 06:38pm
Markets Indian rupee holds below 80 a dollar mark, RBI hand suspected MUMBAI: The Indian rupee was held below the 80-per-dollar mark on Wednesday aided by the central bank’s... Published 20 Jul, 2022 05:43pm
Markets EU efforts insufficient to get through winter without Russian gas: IEA PARIS: Europe’s efforts to diversify suppliers will not be enough to get it through winter without Russian gas, ... Published 19 Jul, 2022 06:00am
Markets Hungary in talks to redirect all Russian gas shipments to Turkstream BUDAPEST: Hungary is in talks with Russia about redirecting all of its gas shipments under a long-term supply deal ... Published 19 Jul, 2022 06:00am
World EU countries consider options to avoid carbon market fundraising plan BRUSSELS: European Union countries are considering alternatives to an EU plan to use a carbon market reserve to help... Published 15 Jul, 2022 06:20am
Opinion Germany to overhaul laws to allow energy bailouts Germany’s government will have the power to take stakes in utilities and impose emergency levies on consumers ... Published 05 Jul, 2022 05:19am
Markets Italy’s dependence on Russian gas down to 25% from 40%, Draghi says BRUSSELS: Italy’s dependence on Russia for imported gas has decreased to 25% from 40% last year, Prime Minister... Published 24 Jun, 2022 08:07pm
Print Europe may shift back to coal FRANKFURT/MILAN: Europe’s biggest Russian gas buyers were racing to find alternative fuel supplies on Monday and... Updated 21 Jun, 2022 09:52am
Markets Russian gas flows via Nord Stream 1 rise, other flows stable LONDON: Russian gas flows to Europe directly to Germany rose on Monday from its level during the weekend, while ... Published 07 Jun, 2022 05:47am
Markets Gazprom’s gas exports to Europe via Ukraine remain steady Russian gas producer Gazprom said its supply of gas to Europe through Ukraine via the Sudzha entry point was seen at... Published 04 Jun, 2022 12:56pm
Markets Global LNG: Asian prices rise on demand growth; narrowing spread with Europe LONDON: Asian spot liquefied natural gas (LNG) prices were up this week on continued demand growth from Japan, Korea... Published 01 Jun, 2022 05:26pm
World War in Ukraine: Latest developments KYIV: Here are the latest developments in the war in Ukraine: EU agrees ban on most Russian oil EU leaders back a... Published 31 May, 2022 10:45am
Markets India’s GAIL open to buying Russian oil and gas assets, chair says NEW DELHI: India’s largest gas transmitter GAIL is open to buying Russian oil and gas assets shunned by Western... Published 27 May, 2022 07:52pm
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees