Allianz vows to stop insuring Arctic oil and gas projects April 29, 2022 Insurance giant Allianz has said it will stop insuring Arctic oil and gas fields by the middle of next year. The German multinational, which is one of the biggest oil and gas sector insurers in the world, vowed to stop insuring new oil and gas fields, oil powerplants, and oil pipelines in the Arctic by [...]
Germany ‘won’t stand in the way’ of EU ban on Russian oil imports April 29, 2022 Germany has dropped its opposition to a potential European Union (EU) ban on Russian oil imports after weeks of resisting the move.
Revealed: Russia pockets £53bn in oil and gas cash since start of Ukraine war with £7.6bn from Germany April 28, 2022 It has been revealed that Germany was the biggest buyer of Russian energy during the first two months of the war in Ukraine A study published by the Centre for Research on Energy and Clean Air (CREA) calculated that Russia has earned £53bn from fossil fuel exports since February 24, the date Russian troops attacked [...]
Sigh of relief in the City as govt calls idea of windfall tax on oil and gas profits ‘disastrous’ April 27, 2022 The Justice Secretary this morning dismissed Labour’s plan for a windfall tax on oil and gas companies to ease the cost-of-living crisis, calling the idea “disastrous”. Dominic Raab told Sky News: “If you look at Labour’s policy, you asked about it – of a windfall tax – that would damage investment in energy supplies we [...]
£220m of oil money flows from UK to Russia since Putin sent troops and tanks into Ukraine April 27, 2022 Since the Kremlin sent troops and tanks across the border into Ukraine in February, the UK has imported around £220m worth of Russian oil, it has emerged. Figures released on Wednesday show 1.9 million barrels of oil, or 257,000 tonnes, have been imported since Russian President Vladimir Putin launched the latest stage of his eight-year [...]
Surging inflation and escalating lockdowns in China hit oil prices April 25, 2022 Oil prices have plummeted a further five percent, to their lowest levels in almost two weeks, compounding last week's heavy declines.
Germany to phase out Russian oil supplies as West piles pressure on Russia April 20, 2022 Germany has announced it will stop importing Russian oil by the end of the year, as the West ramps up pressure on the Kremlin.
Oil prices stagnate amid reduced demand expectations after IMF cuts growth forecasts April 20, 2022 Inflation, reduced growth expectations and continuing coronavirus lockdowns in China are weighing down oil prices after last month's rallies.
Oil prices plummet as demand dips and inflation runs rampant April 19, 2022 Oil prices dropped amid growing expectations of reduced demand, with the IMF cutting its economic growth forecasts.
Anti oil activists suspend disruptive protest and give the UK government ultimatum April 19, 2022 Environmental activists have paused disruptive protests and given the government an ultimatum to stop looking for new fossil fuels. Campaigners from Just Stop Oil read a letter outside Number 10 Downing Street, saying the UK government was being given an “opportunity” to halt its search for new energy sources. This comes after the group launched [...]
