Why the EU wants to hit Russian oil instead of gas: the Skywall

Replacing Russian oil may be easier than blocking natural gas. But the risk is a further global rise in energy prices. The Skywall The European Commission’s proposal to block imports of Russian oil, if confirmed by member states, could do a lot of harm to the Russian economy. Contrary to what we tend to think, […]

Oil: falling price with covid worsening in China – Latest Hour

(ANSA) – ROME, APRIL 11 – Oil prices are falling with the worsening of the Covid situation in China where the tight lockdown imposed in some large cities, including Shanghai, is making itself felt on the local economy. Texas WTI loses 2% to 96.2 dollars a barrel while Brent loses 1.6% to 101.1. (HANDLE). REPRODUCTION […]