BP Plc
The Future Turns Dark for Russia’s Oil Industry
In the longer term, though, the future of the Russian industry, which bankrolls a large portion of the government budget, has turned cloudy. China, for instance, is a hard bargainer that pays only a fraction of the price for Russian natural gas that customers in rich European countries like Germany and Italy are now paying. […]
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How the West Marshaled a Stunning Show of Unity Against Russia
Europeans were similarly reluctant about shipping lethal weapons to the Ukrainian Army, even those categorized as defensive. Fearing a backlash at home, Germany and its neighbors limited themselves to sending protective gear like helmets or flak jackets. But their resolve quickly stiffened with the start of the war. Shortly before Germany, the Netherlands offered Ukraine […]
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Oil prices climb as Ukraine crisis deepens.
Oil prices jumped on Monday, as President Vladimir V. Putin’s saber-rattling order to put his country’s nuclear forces on high alert overshadowed hopes for negotiations between Russia and Ukraine. The announcement by President Volodymyr Zelensky that a Ukrainian delegation would meet with a Russian delegation near the Ukraine-Belarus border for talks “without preconditions” was viewed […]
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Russia’s Moves in Ukraine Unsettle Energy Companies and Prices
Russia’s recognition of two breakaway regions in eastern Ukraine could threaten important investments of Western oil giants and further drive up global energy prices in the next few weeks. Since the closing days of the Cold War, Russia’s energy-based economy has become entwined with Europe’s. European energy companies like BP, TotalEnergies and Shell have major […]
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