The Romanian business of Austrias energy giant OMV has reached an agreement with German firm Uniper to supply natural gas to Germany from a Black Sea project from 2027, sources with knowledge of the deal have told Reuters. Austria and Europe as a whole are looking to secure alternative gas supply to offset the loss of Russian pipeline gas deliveries. Russia began cutting off European customers ...

Oil prices are soaring this morning, with WTI hitting three month highs after reports that Indian oil refiners are bracing for new US sanctions that would hit flows from Russia. Additional sanctions against the Russian oil and insurance industry has added further fuel to the fire, as it raises the prospect for lower supply during a period of strong winter-related demand, said Ole Hansen, hea...

Today, the United States imposed the most significant sanctions yet on Russias energy sector, by far the largest source of revenue for Putins war.  These sanctions will hit hard across every key node of Russias oil production and distribution chain, including against two of the four largest Russian oil producers, dozens of oilfield service providers,…The post

The top buyers of Russian and Iranian crude in Asia, China, and India, have been buying more crude from the Middle East and Africa, expecting fresh sanctions on Iran and Russia to cripple supply from these two exporters, traders have told Bloomberg. In the past few weeks, supply of Russian and Iranian crude has declined amid tighter Western sanctions, which have also driven up the prices of the oi...

It seems that 2024 was the deadliest year of the war so far for Moscow's forces, with thousands of elite troops killed on the battlefield.

Russian President Vladimir Putin is ready to meet President-elect Trump without conditions, the Kremlin said on Friday, but is waiting for more specifics following the U.S. presidential inauguration. Kremlin spokesperson Dmitry Peskov told reporters that Moscow welcomes Trumps intentions to resolve problems through dialogue, according to a summary of remarks by Russian state news agency,...

Bullish sentiment is well and truly back in oil markets, with Brent breaking $80 and WTI trading at $77.46.Oil prices have started the year rallying aggressively, with Brent breaking$80 per barrel for the first time since October 7 last year.The rally has been driven by the Biden Administrations eleventh-hour sanctions on Russia, cold temperatures across the Atlantic Basin, widening backwar...

With a major security vacuum left in the wake of the overthrow by rebels of Syrias Assad, followed almost immediately by a massive Israel airstrike campaign that has decimated any strategic/military capabilities, we expect prolonged instability in Syria as external actors prepare to stake their claims, while Iran and Russia lick their wounds and Israel expands its territory. This week, we saw...

A senior Moscow official says the Kremlin welcomes U.S. President-elect Donald Trump’s readiness to meet with Russian President Vladimir Putin

Following the overnight attack, fires broke out at facilities that Kyiv says were being used to support the Russian invasion.

President-elect Donald Trump said late Thursday that a meeting is being arranged with his Russian counterpart, Vladimir Putin, a summit that would be eyed anxiously by Ukraine and its other […]

It is unclear why Timur Praliev, an ex-member of Yevgeny Prigozhin's Wagner Group, was carrying a drone in a backpack as he tried to enter the U.S. illegally.

Tensions with Russia continue to escalate as the Ukrainian president shifts tactics and asks allies for help on the ground.

Brussels is reportedly assessing the potential impact of President-elect Donald Trump reversing Biden-era sanctions on Russia.

Both the Trump and Biden administrations have warned about rising risks in the Arctic over the last 8 years.

Ahead of Trump's inauguration on January 20, the President-elect has said he is planning a meeting with Russia's leader, which the Kremlin has denied.