The effort could hurt Russia but could also help drive up already high oil prices, hurting the global economy and enriching energy companies.
Tag: Natural Gas
The War in Ukraine Could Empower Qatar
As the United States and Europe seek to deprive Russia of its oil and gas income, their leaders hope Qatar can help fill the void.
Biden Administration Cancels Oil Drilling Sales in Alaska and Gulf of Mexico
Republicans link the move to rising gas prices while the administration said it was a result of conflicting legal opinions and a lack of interest among bidders.
Europe’s Quest to Replace Russian Gas Faces Plenty of Hurdles
Climate concerns, investor reticence and political disputes complicate a shift to supplies from the United States, North Africa and the Mediterranean.
Why Americans Became More Vulnerable to Oil Price Spikes
When prices soared years ago, Americans launched broad efforts to wean the nation off oil and gas to protect households from price swings. But then supply rose and plans fizzled.
Can Japan Keep the Lights On? The Ukraine War Upends a Big Energy Bet.
The world’s third-largest economy has counted on imported liquefied natural gas as it shuts coal-fired plants and keeps nuclear sites closed. But Russia’s invasion has pushed prices sharply higher.
Russia Cuts Gas Supplies to Poland and Bulgaria
The market reaction underscored that a dreaded moment in the war had arrived: the severe disruption of Russian natural gas exports to the E.U.
Russia Cuts Off a Major Supply of Natural Gas to Poland
The moves are Moscow’s first open targeting of Europe with denial of energy.
How the Ex-Chancellor Gerhard Schröder Became Putin’s Man in Germany
Gerhard Schröder, who is paid almost $1 million a year by Russian-controlled energy companies, has become a pariah. But he is also a symbol of Germany’s Russia policy.
Biden Plans to Open More Public Land to Drilling
The president is under pressure to bring down gas prices, but any new drilling would be years away. The fees that companies pay would rise sharply.