Germany has accused Russian state-controlled gas giant Gazprom of attempting to push up energy prices by sharply reducing supplies.

• June 15, 2022

EU nations seeking to reduce their reliance on Russian gas because of the war in Ukraine may soon be able to source supplies from Israel instead.

• June 15, 2022

By Fuad SHAHBAZOV, Baku-based independent regional security and defence analyst

Russian military aggression against Ukraine launched almost two months ago has clearly signalled a change in the traditional world order and triggered the unprecedented reaction of the Western coalition led by the U.S. The ongoing conflict between Russia and Ukraine has left the global energy market uncertain, threatening to cause severe energy shortages and oil prices exceeding $110 per barrel.
Since the Russian intervention in Ukraine kicked off, numerous sanctions packages have been imposed on Russia, hitting mostly financial institutes and state-owned companies. This resulted in Western countries’ consolidation, and the collective refusal of Russia-related transactions and import of Russian natural gas, oil, and coal. READ MORE

• May 12, 2022

Russian energy giant Gazprom says it has halted gas exports to Poland and Bulgaria over the countries' refusal to pay for supplies in roubles - but how worried should we be?

• April 27, 2022

The "era of Russian fossil fuel in Europe" is coming to an end, the European Commission president warned - hours after Moscow cut off gas exports to Poland and Bulgaria.

• April 27, 2022

The Nord Stream 2 pipeline can carry enough natural gas from Russia to fuel 26 million households in Europe.

• February 16, 2022

Fresh warnings from the US over the Nord Stream 2 gas pipeline have thrust the controversial project back into the spotlight.

• January 31, 2022

Oil prices dipped on Friday, putting the market on track for a weekly loss, as surging cases of the Omicron coronavirus variant raised fears that new restrictions may hit fuel demand.

• December 17, 2021