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Tag Archives: Russia

OPEC chief warns of global oil shortage due to sanctions on Russia

Houston, U.S. | Xinhua | The head of the Organization of Petroleum Exporting Countries (OPEC) warned on Tuesday that the world cannot replace Russia’s share of oil exports, calling for energy depoliticization. “The issue at stake here is the capacity of the world to meet these perceived shortages,” OPEC Secretary General …

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Biden announces imposition of energy embargo on Russia

Washington, U.S. | Xinhua | U.S. President Joe Biden on Tuesday announced the imposition of an energy embargo on Russia, banning U.S. imports of oil, liquified natural gas and coal from Russia over its ongoing military operations in Ukraine. “This means Russian oil will no longer be acceptable to U.S. ports,” …

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USA uneasy as gas prices hit new high

Washington, USA | Xinhua |  The U.S. national average for a gallon of regular gasoline hit 4.009 U.S. dollars on Sunday, the highest since July 2008, according to the American Automobile Association (AAA). The gas prices jumped 41 cents over the past week, following a surge in the oil prices …

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Four ways the war in Ukraine might end

Anticipating the uncertainties that this war will bring is a critical step toward successfully navigating its possible consequences | THE INDEPENDENT | The invasion of Ukraine by Russian forces has spurred Europe’s worst security crisis in decades. But while most analysis is rightly focused on the immediate situation, it is …

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