Ukraine Energy Crisis

The Russian government announced Wednesday that it was reintroducing a ban on petrol exports for another six months to "maintain a stable situation" on the domestic fuel market after major price hikes.

The bumper payouts followed a year of record profits for big oil and gas companies after Russia's invasion of Ukraine upended global energy markets.

Ukrainian energy consumption hovered near record highs on Friday, increasing strains on the fragile power sector as nearly 500 settlements faced blackouts due to Russian shelling, air strikes, and bad weather, officials said.

Russian attacks on Ukraine's energy infrastructure have sparked "a new level of need" in the war-torn country, the UN aid chief said on Tuesday, warning that millions of people are without heat as temperatures drop.

Ukraine's President Volodymyr Zelensky said Friday that over six million households in the country are still affected by power cuts, two days after targeted Russian strikes on Ukraine's energy infrastructure.

India would be one of the countries most exposed if Russia refuses to sell crude oil at the capped price under proposed sanctions to be imposed by the United States and the European Union.

A group of Ukrainian volunteers has been making "trench candles" from tin cans for troops serving on the frontline as an energy crisis triggered by the war takes its

Russian missile strikes on Ukraine's power network caused blackouts in many parts of the country on Monday, deepening fears of outages this winter and prompting Kyiv to halt electricity exports.

Europe is facing an energy crunch as the price of electricity generation skyrockets because of a massive surge in gas prices caused by Russia turning off the taps.

US Deputy Treasury Secretary Wally Adeyemo has met Finance Minister Nirmala Sitharaman and several senior Indian officials and discussed pressing issues like food insecurity, energy prices and the Ukraine crisis

There is an urgent need to address the global energy and food crisis triggered by disruptions from the COVID-19 pandemic and the Ukraine conflict, External Affairs Minister S Jaishankar said at a meeting of the SCO in Tashkent on Friday.

There is an urgent need to address the global energy and food crisis triggered by disruptions arising out of the COVID-19 pandemic and the Ukraine conflict, External Affairs Minister S Jaishankar said at a meeting of the SCO in Tashkent on Friday.

Oil prices fell below $100 per barrel in early Asian trading on Wednesday as US inventory data showed buildups in crude oil and refined products amid rising fears of a global economic slowdown.

Germany will enter Phase 2 of its three-stage emergency gas plan on Thursday but a clause that would allow utilities to pass on soaring energy costs to customers will not be triggered yet, sources familiar with the matter said.

The already-elevated India's crude oil basket price is rising, with the average based on daily costs for June jumping to over $115 per barrel, compared to $109.51 in May and $102.97 in April.

The Russian government announced Wednesday that it was reintroducing a ban on petrol exports for another six months to "maintain a stable situation" on the domestic fuel market after major price hikes.

The bumper payouts followed a year of record profits for big oil and gas companies after Russia's invasion of Ukraine upended global energy markets.

Ukrainian energy consumption hovered near record highs on Friday, increasing strains on the fragile power sector as nearly 500 settlements faced blackouts due to Russian shelling, air strikes, and bad weather, officials said.

Russian attacks on Ukraine's energy infrastructure have sparked "a new level of need" in the war-torn country, the UN aid chief said on Tuesday, warning that millions of people are without heat as temperatures drop.

Ukraine's President Volodymyr Zelensky said Friday that over six million households in the country are still affected by power cuts, two days after targeted Russian strikes on Ukraine's energy infrastructure.

India would be one of the countries most exposed if Russia refuses to sell crude oil at the capped price under proposed sanctions to be imposed by the United States and the European Union.

A group of Ukrainian volunteers has been making "trench candles" from tin cans for troops serving on the frontline as an energy crisis triggered by the war takes its

Russian missile strikes on Ukraine's power network caused blackouts in many parts of the country on Monday, deepening fears of outages this winter and prompting Kyiv to halt electricity exports.

Europe is facing an energy crunch as the price of electricity generation skyrockets because of a massive surge in gas prices caused by Russia turning off the taps.

US Deputy Treasury Secretary Wally Adeyemo has met Finance Minister Nirmala Sitharaman and several senior Indian officials and discussed pressing issues like food insecurity, energy prices and the Ukraine crisis

There is an urgent need to address the global energy and food crisis triggered by disruptions from the COVID-19 pandemic and the Ukraine conflict, External Affairs Minister S Jaishankar said at a meeting of the SCO in Tashkent on Friday.

There is an urgent need to address the global energy and food crisis triggered by disruptions arising out of the COVID-19 pandemic and the Ukraine conflict, External Affairs Minister S Jaishankar said at a meeting of the SCO in Tashkent on Friday.

Oil prices fell below $100 per barrel in early Asian trading on Wednesday as US inventory data showed buildups in crude oil and refined products amid rising fears of a global economic slowdown.

Germany will enter Phase 2 of its three-stage emergency gas plan on Thursday but a clause that would allow utilities to pass on soaring energy costs to customers will not be triggered yet, sources familiar with the matter said.

The already-elevated India's crude oil basket price is rising, with the average based on daily costs for June jumping to over $115 per barrel, compared to $109.51 in May and $102.97 in April.