Oil

US President Joe Biden will try to convince EU leaders to abandon Russian energy sources, but it is absurd to offer Europe to get away from oil and gas from Russia.

Bulgarian Prime Minister Kiril Petkov said that his country allows new negotiations with Gazprom on gas supplies in the future.

Gas prices in Europe at the opening of trading on March 21 are below $1,200 per thousand cubic meters.

EU High Representative for Foreign Affairs and Security Policy Josep Borrell confirmed that EU foreign ministers intend to discuss the possibility of refusing to import oil from Russia.

British Prime Minister Boris Johnson, following talks with Saudi Arabia and the UAE, failed to achieve public promises to increase oil production.

The White House has asked popular TikTok bloggers to blame Russian President Vladimir Putin for rising U.S. fuel prices, Fox Business reported.

German Finance Minister Christian Lindner told reporters that sanctions on energy imports from Russia will not be able to affect the Russian authorities.

Due to the fall in wholesale prices at Russian gas stations, gasoline began to become cheaper.

The European Union plans to gradually abandon the purchase of Russian energy carriers.

Gas prices in Europe could rise significantly as the region needs to pump record volumes of fuel into underground gas storages (UGS).

The British multinational oil and gas company British Petroleum (BP) has announced its intention to stop making new deals to buy oil and gas from Russia.

Gazprom continues to supply gas for transit to Europe through the territory of Ukraine in the normal mode.

Member of the European Parliament Thierry Mariani said that if the EU refuses to import gas and oil from Russia, then such a decision will turn out to be a disaster for it.

German Chancellor Olaf Scholz said that Germany decided to continue business with Russia in the field of energy supply.

German Finance Minister Christian Lindner spoke out against imposing bans on the purchase of Russian oil, coal and gas.