BERLIN — Germany says it’s making progress on weaning itself off Russian fossil fuels and expects to be fully independent of crude oil imports from Russia by late summer. Economy and Climate Minister Robert Habeck said Sunday that Europe’s largest economy has reduced...
BRUSSELS (AP) — European Union energy ministers will meet Monday to discuss Russia’s decision to cut gas supplies to Bulgaria and Poland, and debate planned new sanctions over Moscow’s war on Ukraine. The 27 nation-bloc has imposed five rounds of sanctions on...
CALGARY — Precision Drilling Corp. is boosting its 2022 capital spending in anticipation of a continued strong run for the oilfield rig provider amid higher demand and surging prices for oil and natural gas. The Calgary-based company said it will spend $125 million as...
By Becky Bohrer in Juneau JUNEAU, Alaska (AP) — The U.S. Interior Department has issued a decision to limit roughly half the National Petroleum Reserve-Alaska to oil and gas leasing, rolling back a Trump-era policy criticized by conservationists that would have vastly...
WASHINGTON — The World Bank says commodity prices that reached historically elevated levels because of the war in Ukraine will remain high through the end of 2024. The agency’s commodity markets outlook report released Tuesday says energy prices, food and...
