General

This post was originally published on this siteLONDON, March 4 (Reuters) – Britain will look to target Russia’s energy sector in future rounds of sanctions, a move the government has so far resisted amid warnings this could push up energy bills. Since Russia’s Feb. 24 invasion of Ukraine, Britain has imposed a ban on Russia

This post was originally published on this siteLONDON, March 3 (Reuters) – Europe’s gas futures prices for next winter are surging to a record high as traders anticipate the energy shortage will last into 2023, putting financial pressure on households and businesses across the region. The risk of shortages this winter has been eliminated thanks

This post was originally published on this siteSummary Extra supplies from OPEC+, others not enough Oil prices hit 10-year high on March 3 For a table of crude price forecasts, click March 4 (Reuters) – A rally that has driven oil prices to their highest in almost a decade shows no signs of abating, as

This post was originally published on this siteMar 4, 2022 (Bloomberg) Oil climbed, ending a week in which it swung by more than $20 a barrel after Russia’s invasion of Ukraine roiled global markets and fueled fears of a supply crunch. Futures in New York and London were up more than 2% Friday. The global

This post was originally published on this siteMar 4, 2022 (Bloomberg) The prospect of restrictions on Russian energy exports could send oil prices above $200 per barrel, according to Westbeck Capital Management.The London-based hedge fund is among a cadre of commodities-focused funds betting on an extended rally for crude after Russia’s invasion of Ukraine, even as a potential