Europe holds 44-leader summit, leaves Russia in the cold

PRAGUE (AP) — The leaders of 44 European countries stretching from Iceland all the way to Turkey met Thursday in what many said was a united stand against Russia’s war on Ukraine, as an energy crisis and high inflation fueled by the conflict wreak havoc on their economies. The inaugural summit of the European Political … Read more

MBS Snub To Biden With OPEC+ Cut | US Accuses Oil Grouping Of “Aligning” With Putin Amid Ukraine War – CRUX

MBS Snub To Biden With OPEC+ Cut | US Accuses Oil Group Of “Aligning” With Putin Amid Ukraine WarCRUX OPEC deals major blow to Biden adminFox News US delivers angry rebuke of massive OPEC+ production cut — and it could backfire for Saudi ArabiaCNBC The Saudis Snub Biden Again – WSJThe Wall Street Journal OPEC+ … Read more

OPEC+ cutting oil production – GZERO Media

Ian Bremmer shares his insights on global politics this week on World In 60 Seconds. Why is OPEC+ cutting oil production? Why is the US unhappy about it? Well, unhappy about it because it’s 2 million barrels a day off the markets, and that means higher oil prices. Why is OPEC+ cutting production? Higher oil … Read more

Russian rockets slam into Ukrainian city near nuclear plant

KYIV, Ukraine (AP) — Seven Russian rockets slammed into residential buildings in the southern Ukrainian city of Zaporizhzhia before dawn Thursday, killing one person and trapping at least five in the city close to Europe’s biggest nuclear power plant, the governor of the mostly Russian – occupied region said. The strikes came just hours after … Read more

EU agrees on price cap for Russian oil over Ukraine war

BRUSSELS (AP) — European Union countries agreed Wednesday to impose a price cap on Russian oil and other new sanctions after Moscow illegally annexed four regions in Ukraine amid its monthslong war, EU officials said. Diplomats struck the deal in Brussels that also includes curbs on EU exports of aircraft components to Russia and limits … Read more

The AP Interview: Ukraine aims to restart occupied reactors

KYIV, Ukraine (AP) — Ukraine is considering restarting Europe’s largest nuclear plant to ensure its safety just weeks after fears of a radiation disaster at the Russian-occupied facility, the president of the company that operates the plant said Tuesday. The Zaporizhzhia Nuclear Power Plant has emerged as one of the most worrying flashpoints of Russia’s … Read more

European Union to integrate aid for Ukraine into its 2023 budget

European Union finance ministers agreed on Tuesday to integrate the EU’s support payments to Ukraine into its 2023 budget to make disbursements more structured and predictable, European Commission Vice President Valdis Dombrovskis said. The move is likely to further tighten links between the 27-nation bloc and EU candidate Ukraine, which has been struggling to keep … Read more

Europe faces ‘unprecedented risk’ of gas shortage, IEA says

Europe faces “unprecedented risks” to its natural gas supplies this winter after Russia cut off most pipeline shipments and could wind up competing with Asia for already scarce and expensive liquid gas that comes by ship, the International Energy Agency said. The Paris-based IEA said in its quarterly gas report released Monday that European Union … Read more

Global gas markets to remain tight well into 2023, IEA says | Energy

The intergovernmental organization estimates global consumption will drop 0.8 percent in 2022 and grow 0.4 percent in 2023. Global natural gas markets will likely remain tight well into 2023 as Russia restricts supplies and Europe cuts usage amid high prices and energy saving measures, the International Energy Agency (IEA) has said. Global gas consumption is … Read more

Allies aim for risky Russian oil price cap as winter nears

WASHINGTON (AP) — US officials celebrated in early September when top allies agreed to back an audacious, never-before-tried plan to clamp down on Vladimir Putin’s access to cash as he wages war on Ukraine. The idea sounded simple enough: The countries would pay only cut-rate prices for Russian oil. That would deprive Putin of money … Read more