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  • Why Ukraine crisis may compel Europe to turn to Qatar

    The clash over Ukraine has led the United States to reach out to Qatar and other gas producers to increase their exports. Qatar was the second largest exporter of LNG in 2021, narrowly surpassed by Australia.

  • Car Parts, Chips, Sunflower Oil: War in Ukraine Threatens New Shortages

    Russia’s invasion of Ukraine is piling new troubles onto the world’s already battered supply chains. The fighting has shut down car factories in Germany that rely on made-in-Ukraine components and hit supplies for the steel industry as far as Japan. It has severed airways and land routes that had become crucial since the pandemic began gumming up sea trade.

  • Russia-Ukraine: Asian Oil Buyers Hunting for More Saudi Crude on Crisis Fears

    Customers in the world’s biggest crude-importing region are putting in inquiries to Saudi Aramco for shipments arriving in May, according to traders with knowledge of the matter who asked not to be identified as the information is private. That’s on top of a likely increase in requests for April-loading barrels, with nominations for those cargoes due in the next couple of weeks.

  • Chelsea fans torn between glory under Abramovich and Ukraine horror

    Chelsea fans arriving for the League Cup final at Wembley on Sunday said they were conflicted about owner Roman Abramovich's success in turning the club into a European soccer power and the invasion of Ukraine by his native Russia. Abramovich, one of the most successful businessmen from Russia, bought Chelsea in 2003 and the hundreds of millions of pounds he has invested since then have helped the Blues to win the Premier League title on five occasions and the European Champions League twice.

  • Putin’s Assault on Ukraine Echoes Russia’s Brutal Battering of Syria

    A United Nations report into atrocities committed in Syria published last year accused Russia of direct involvement in war crimes and a “systemic failure to take any precautions to spare civilians from harm.” Moscow’s entry into the war in Syria in 2015 turned the conflict in Assad’s favor, and provided a real-life testing ground for the weaponry now being used against Ukrainians.

  • Commentary: Security, Energy, and Identity Dominate Gulf Positions on Ukraine

    The GCC states are not as dependent on Russian or Ukrainian grain exports as allies such as Morocco and Egypt, but any major interruption could translate into higher food prices and further socioeconomic instability. For Saudi Arabia, the UAE, and Kuwait, which have worked hard to bolster these Middle Eastern economies, it would be an unwelcome development.

  • BP to offload stake in Rosneft amid Ukraine conflict

    BP's share in Russian state oil giant Rosneft has long felt uncomfortable; this week under heavy political pressure it became untenable. The chairman of Rosneft, Igor Sechin, is a close ally of President Putin. Rosneft supplies fuel to the Russian army. Immediately offloading the stake to a potentially inappropriate buyer was not an option. The company has decided to "divest" - meaning it will sever its financial ties with Rosneft, stop taking a dividend and step back from its two seats on the board. Company officials say it is too soon to say exactly how this stake will be disposed of.

  • US Oil Industry Uses Ukraine Invasion to Push for More Drilling at Home

    The goal is “energy security,” lobbyists said, although clean-energy advocates counter that wind and solar provide more protection from boom-and-bust oil markets.

  • Saudi food supplies are stable, no concerns amid Russia-Ukraine crisis – minister

    Local stocks of basic food commodities, which include wheat, rice, sugar, vegetable oils and barely, “are at safe levels and there are no fears of any shortage,” he added.

  • As the Ukraine Crisis Mounts, Can the U.S. Claim Energy Independence?

    In 2020, for the first time in 69 years, the U.S. exported more energy than it imported. The numbers for 2021 aren’t all in yet, but everything is pointing to an even bigger energy surplus. The long journey that began during the 1973 oil crisis with President Richard Nixon’s “Project Independence” and its goal of “achieving self-sufficiency in energy” would seem to have ended.