By Ana Palacio/ Madrid Western governments must be clear about what sanctions can and cannot achieve – and how much sacrifice is acceptable The grim scenes left behind after Russia’s withdrawal from…
Why Gulf Dollar Pegs Survive Through Wars, Oil Shocks
Gulf Arab nations have pegged their currencies to the dollar for decades. There’s a reason for that: they reduce foreign-exchange risk for states in the region because so much of their revenue…
Germany faces $240bn hit if Russian energy cut off
Bloomberg / Berlin Germany was warned it could face a €220bn ($240bn) hit to output over the next two years in the event of an immediate interruption in Russian energy supplies over…
IEA cuts oil demand forecast as China reimposes lockdowns
Bloomberg / London The International Energy Agency cut its forecast for global oil demand this year after China reimposed lockdowns to contain the spread of a resurgent coronavirus. With the weaker demand…
Russia’s invasion supercharges the push to make a new green fuel
Europe’s push to ditch Russian natural gas is generating billions of dollars in new commitments to build a low-carbon hydrogen market. A nearly 450% rise in gasoline prices in Europe last year…
Rising food costs push Arab world’s vulnerable to breaking point
Seated around the dining table, the family of four stares blankly at pictures of food sketched on the tablecloth. “Tonight,” the father says, “we’re coloring for dinner.” The scene in a cartoon…
Why Japan will struggle to do without Russian energy
After reports of alleged war crimes in Ukraine by Russian forces, Japan said it will follow the European Union and Group of Seven countries and ban imports of Russian coal. Prime Minister…
GCC chemical industry to see ‘planned, committed investments’ of $71bn up to 2024: GPCA
Pratap John The GCC region will see “planned and committed investments” totalling $71bn up to 2024 in its chemical industry, according to Gulf Petrochemicals and Chemicals Association (GPCA). This is despite considerable…
Russian oil exports forced to take longer journeys to find buyers
Russia’s crude oil exports, a vital wellspring of income for Vladimir Putin’s regime, are giving no indications that they are beginning to crumble in the midst of the vanishing of European purchasers….
Russia-Ukraine War Could Delay Europe’s Decarbonization Plans for a Decade “The Whole Situation is Very Sad” – Energy Expert
8 April 2022 Roudi Baroudi DELPHI, Greece: Russia’s invasion of Ukraine could force Europe to delay key decarbonization efforts for up to a decade, a prominent regional energy expert warned on Friday….