Russia has warned against capping energy prices. But Europe is thrashing out the details regardless
EU energy ministers gathered for emergency talks on dealing with runaway energy prices, despite warnings from Russian President Vladimir Putin.
EU energy ministers gathered for emergency talks on dealing with runaway energy prices, despite warnings from Russian President Vladimir Putin.
U.K. Prime Minister Liz Truss on Thursday announced a broad stimulus package to help Brits with soaring energy bills and attract investment into the energy sector.
The exact details of the package have yet to be revealed, but some projections suggest it could include around £200 billion ($230 billion) in support.
Russian President Vladimir Putin threatened Wednesday to stop all energy supplies to Europe.
There have been concerns about how low water levels will affect the supply of some energy sources.
Strategist Kenny Polcari says to look at big dividend-paying names that will offer stability, but also upside.
Russia claims punitive economic sanctions imposed by the West are responsible for the indefinite halt to gas supplies via Europe’s main pipeline.
Uniper, as Germany’s biggest importer of gas, has been hit hard by vastly reduced gas flows via pipelines from Russia, which have sent prices soaring.
OPEC+’s decision to implement a small production output cut is more of a political statement and symbolic message sent by the alliance, said two analysts.
India says it will carefully assess whether to support a G-7 proposal to impose a cap on the price of Russian oil.
Sign up today and join the Energy Strong Movement for FREE! Stay up to date with vital upcoming events, elections, and key issues. Members will receive emails and newsletters to keep our community informed.