Europe’s Gas Market Is Still Counting on Russian Supplies
A disruption in the flow of Russian gas to Europe this year is suddenly all too easy to imagine. Europe’s natural-gas supply seems a lot less secure even than a…
Hungary Holds Up EU Deal to Sanction Russian Oil
The European Union is struggling to finalize the terms of an oil embargo on Russia amid resistance by Hungary, whose leader claimed Friday that the proposed embargo would hit his…
Hungary Holds Up EU Deal to Sanction Russian Oil
The European Union is struggling to finalize the terms of an oil embargo on Russia amid resistance by Hungary, whose leader claimed Friday that the proposed embargo would hit his…
Germany Drops Opposition to Embargo on Russian Oil
Germany—which had been one of the main opponents of sanctioning the European Union’s oil and gas trade with Moscow—is now ready to stop buying Russian oil, clearing the way for…
American, United Project Packed Planes This Summer
Airlines said they have reached a new juncture in their recovery from the Covid-19 pandemic, anticipating record revenue in the current quarter and a return to profits. American Airlines Group…
Where Inflation Rose, Cooled the Most in March
Gasoline and groceries helped drive up overall prices in March at the fastest monthly rate in nearly two decades, though consumers started to feel less of a price sting at…
U.S. Allies to Release Close to 60 Million Barrels of Oil From Reserves
PARIS—U.S. allies are planning to release close to 60 million additional barrels of oil from their reserves, officials familiar with the matter said, joining the Biden administration in an effort…
Europe Faces Pressure to Dial Up Sanctions on Russia Over Ukraine Deaths
BERLIN—French President Emmanuel Macron’s call Monday for sanctions banning imports of Russian oil and coal into the European Union following the weekend’s allegations of atrocities in Ukraine is set to…
Gas Prices Shoot Up at Fastest Rate on Record
As summer driving season approaches, average prices for regular gasoline have been at record highs the past two weeks after going up for 11 straight weeks. Prices reached $4.32 a…
For Some Countries, Economic Ripples of Ukraine War Bring Windfall
Russia’s invasion of Ukraine risks fueling inflation and sapping growth world-wide, but a handful of nations are in line for an export windfall thanks to soaring energy and commodity prices.…
