Tag: crude oil
Russian oil finds no buyers – sanctions are working
Energy from Russia Buyers around the world are currently trying to buy oil from other countries. (Photo: Reuters) Dusseldorf The war in Ukraine, which Russia is waging with increasing severity,…
The Black Sea is becoming the bottleneck for the global economy
Istanbul Those who are currently in Istanbul can watch merchant ships sailing through the strait towards the Black Sea on the Bosphorus. But it doesn’t take long before they meet…
Transit of Russian natural gas through Ukraine is at record levels
Gas pipeline in Ukraine In the days and weeks leading up to February 25, Russia had only partially used the booked transit capacity. (Photo: AP) Berlin Since the beginning of…
Nord Stream 2 AG lays off all employees
North Stream 2 The pipeline that was laid and completed through the Baltic Sea was supposed to bring Russian gas to Germany. (Photo: dpa) Geneva The operator of the Russian…
Shell’s withdrawal from Gazprom puts pressure on German energy companies
Rosneft oil production near Nizhnevartovsk BP is putting its shares in the Russian group up for sale. (Photo: Bloomberg/Getty Images) Dusseldorf It is the largest withdrawal of a Western company…
Schwesig cuts ties to Russia
Berlin The Prime Minister of Mecklenburg-Western Pomerania, Manuela Schwesig (SPD), was always a vehement supporter of the Nord Stream 2 Baltic Sea pipeline and had also pursued a policy that…
Authorities demand a concept for the dismantling of the Baltic Sea pipeline
Tubes for Nord Stream 2 construction Berlin If the Baltic Sea pipeline Nord Stream 2 were not put into operation for a long time, the operators would have to develop…
US government launches sanctions against Nord Stream 2 AG
Tube for the Nord Stream 2 pipeline Washington After the federal government suspended the approval process for the German-Russian gas pipeline Nord Stream 2, the USA are now introducing sanctions…
US government launches sanctions against Nord Stream 2 AG
Tube for the Nord Stream 2 pipeline Washington After the federal government suspended the approval process for the German-Russian gas pipeline Nord Stream 2, the USA are now introducing sanctions…
Uniper’s stake in the connection is for sale
Archive image of the construction of Nord Stream 1 The gas pipeline is still in operation, a section of the Opal distribution network is for sale. (Photo: dpa) Dusseldorf Regardless…
That’s how important Ukrainian pipelines are for Russian gas supplies
Gas pipeline in Ukraine The total capacity of the pipelines to Europe is significantly higher than the annual gas imports. (Photo: dpa) Dusseldorf The recent escalation in the Ukraine crisis…
Scholz stops Nord Stream 2
Berlin Olaf Scholz has made his decision: the commissioning of the Nord Stream 2 Baltic Sea pipeline will be stopped in view of the escalation of the Ukraine crisis. The…
How high inflation is restricting the US’ scope for sanctions
Gas station in California Inflation is driving up gasoline prices in the US. Tough sanctions against Russia are likely to reinforce this development. (Photo: Reuters) Berlin, Brussels Americans have not…
How high inflation is restricting the US’ scope for sanctions
Gas station in California Inflation is driving up gasoline prices in the US. Tough sanctions against Russia are likely to reinforce this development. (Photo: Reuters) Berlin, Brussels Americans have not…
Scholz tactics at Nord Stream 2 and attracts criticism
Olaf Scholz, Joe Biden Olaf Scholz still refuses to give the US a promise that Nord Stream 2 will not go into operation in the event of a Russian attack…
Scholz tactics at Nord Stream 2 and attracts criticism
Olaf Scholz, Joe Biden Olaf Scholz still refuses to give the US a promise that Nord Stream 2 will not go into operation in the event of a Russian attack…
Russia was Germany’s most important supplier in 2021
Eugal natural gas pipeline in Mecklenburg-Western Pomerania Around half of the natural gas and hard coal imports in 2021 came from Russia. (Photo: dpa) Berlin Germany’s energy bill rose to…
Swift exclusion of Russia would be a nuclear bomb for capital markets
Friedrich Merz Germany could face severe consequences should Russia be excluded from the Swift system. (Photo: dpa) Berlin The designated CDU chairman Friedrich Merz has warned against excluding Russia from…
Republican sanctions bill on Nord Stream 2 fails in US Senate
Brussels, Washington When it comes to Nord Stream 2, the ruling party and opposition in the US are exceptionally in agreement. Democrat Jeanne Shaheen spoke of a “permanent danger for…
Republican sanctions bill on Nord Stream 2 fails in US Senate
Brussels, Washington When it comes to Nord Stream 2, the ruling party and opposition in the US are exceptionally in agreement. Democrat Jeanne Shaheen spoke of a “permanent danger for…