PARIS (AP) — The International Energy Agency said Thursday that its member countries are releasing 60 million barrels of oil from their emergency reserves on top of previous U.S. pledges to take aim at energy prices that have soared since Russia invaded Ukraine. The Paris-based organization...

Russian President Vladimir Putin is demanding payment in rubles for natural gas — or else. Germany is talking about gas rationing in case of a cutoff. Prices for the fuel used to heat homes, generate electricity and power industry are through the roof. There's a lot of discussion around...

WASHINGTON (AP) — President Joe Biden is ordering the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months, the White House said Thursday, in a bid to control energy prices that have spiked as the U.S. and allies imposed steep sanctions on...

NEW YORK (AP) — Russia is reopening its stock market for limited trading nearly one month after shares plunged and the exchange was shut down following the invasion of Ukraine. There will be heavy restrictions on trading Thursday as the exchange opens to prevent the kind of massive selloff...

TotalEnergies, the French oil and gas company, said on Tuesday that it would stop buying Russian oil by the end of the year and halt further investment in projects in the country. At the same time, the company warned of the risks and potential negative consequences — for itself and Europe —...

German Chancellor Olaf Scholz on Tuesday again dismissed calls to boycott Russian energy supplies in the wake of the attack on Ukraine. "Germany's position on this question (of an energy boycott) remains unchanged," Scholz said during a briefing in Berlin alongside European Parliament...

Germany has agreed a contract with Qatar for the supply of liquefied natural gas (LNG) that will help the European country wean itself off its dependency on Russian energy. But the contract is a long-term solution and will do little to slow the current flow of European money into Russian...

The Syrian regime's media confirmed that the list of citizens' luxuries is expanding, to include new basic materials due to the insanely high prices and weak purchasing power. The state-run Tishreen newspaper reported on Saturday that talking about shopping for items such as meat,...

Syria’s Central Bank decision to expand the list of financing imports in dollar according to the market trading rate is reflected in the real value of the Syrian pound and will lead into the trap of trade-offs between: providing goods at higher prices, in exchange for a new collapse of the...

(Reuters) - Oil prices tumbled to their lowest in almost three weeks on Tuesday as supply disruption fears eased and surging COVID-19 cases in China spurred demand concerns. Brent futures were down $7.89, or 7.3%, at $99.01 a barrel by 1446 GMT while U.S. West Texas Intermediate (WTI) crude...

The “Evropeisky” mall in Moscow was once a symbol of a Russia integrated into the global consumer economy, with atriums named after cities like London, Paris and Rome. But now large parts of the seven-story shopping center have gone quiet after Western brands from Apple to Victoria’s Secret...

NEW YORK (AP) — Stocks closed lower Tuesday following another wobbly day of trading on Wall Street, as oil prices climbed after the U.S. banned imports from Russia. The economic fallout from its invasion of Ukraine also rocked the market for nickel, driving up its price so much that trading...

TOKYO (AP) — World markets were mixed Tuesday, with European benchmarks and U.S. futures turning higher after Asian shares extended losses. Surging prices for oil and other vital commodities have been rattling global markets and the situation remains uncertain as investors search for safe...

(Reuters) - Russia warned that oil prices could surge to $300 a barrel and it might close the main gas pipeline to Germany if the West halts oil imports over the invasion of Ukraine as peace talks on Monday made little progress. The incursion, the biggest attack on a European state since...

Gasoline prices are pushing even farther above $4 a gallon, the highest price that American motorists have faced since July 2008, as calls grow to ban imports of Russian oil. Prices at the pump were rising long before Russia invaded Ukraine and have spiraled faster since the start of the...

NEW YORK (AP) — Oil prices soared and investors shifted more money into ultra-safe U.S. government bonds as Russia stepped up its war on Ukraine. The price of oil surged back above $100 a barrel after Russia, a major energy producer, faced further isolation and economic damage because of its...

Russia's ruble plunged nearly 30 percent against the dollar Monday after world powers imposed fresh, harsher sanctions on Moscow over its invasion of Ukraine. The ruble was indicated to be down 27 percent at 114.33 per dollar in offshore trading, according to Bloomberg News. The United...

In July 2020, a few months after the Covid-19 pandemic escalated and spiraled out of control, Shell CEO Ben van Beurden announced that global oil demand may have crossed its peak and will not return to what it was. "It's going to take a long time for demand to recover, that's if it recovers...

Surging energy prices and the Russia-Ukraine conflict are making European leaders think hard about energy security — particularly their decades-old reliance on Moscow for natural gas. The crisis shows Europe's vulnerability after years of limited progress in completing an “energy union” — a...

BRUSSELS, Feb 21 (Reuters) - The main political grouping in the European Parliament called on Monday for a review of Switzerland's banking practices and for the country's possible inclusion in the EU's dirty-money blacklist after leaks of Credit Suisse (CSGN.S) documents. Media outlets...