The European Union’s executive commission has proposed phasing out imports of Russian oil within six months. It is part of Europe’s struggle to stop paying Russia $850 million a day for energy and hit the Kremlin’s finances over its invasion of...
BERLIN (AP) — Germany says it’s making progress on weaning itself off Russian fossil fuels and expects to be fully independent of Russian crude oil imports by late summer. Economy and Climate Minister Robert Habeck said Sunday that Europe’s largest economy has reduced...
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...
