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Zelensky Speaks Before UK Parliament; UK to Phase Out Russian Oil

Ukrainian President Volodymyr Zelensky spoke before members of the UK Parliament in the House of Commons via live video feed on Tuesday, as the country announced that it would end dependence on Russian oil by the end of 2022. Zelensky,...

Shell to Stop Buying Russian Oil and Gas

The multinational gas company Shell announced on Tuesday that it intends to halt the purchase of Russian oil and gas due to the country's attack on Ukraine. The company will stop purchasing all Russian hydrocarbons, which includes "crude oil, petroleum...

United States Bans Russian Oil Imports

The United States banned Russian oil imports despite that nation warning the world earlier on Tuesday that there may be "catastrophic" increases in oil prices if Western countries ban the imports, as several other nations have proposed to do. Last...

Gas Prices Reach New Highs in US in Wake of Ukraine War

The average price of gas in the US passed $4 this weekend, making it the first time gas prices had reached such heights since 2008. The war in Ukraine has fueled the price jump, as Russia is currently the third-largest...

US Senators Introduce Act to Ban Russian Oil, Energy Imports

US Senators introduced a bill that would ban Russian oil and energy imports on Thursday. The "Banning Russian Energy Imports Act" already has widespread support, says senator Joe Manchin, a Democrat from West Virginia, who said that the legislation...

Stocks Plunge, Oil Soars as Markets Reel From Ukraine Invasion

Global stocks plunged, while oil soared after Russian President Vladimir Putin launched a military attack on Ukraine, on Thursday. Putin's moves drew universal condemnation from the West, making punishing sanctions all but certain. "The world is shocked as Russia launches...

US Secretary of State Nominee Blinken says Turkey “Not Acting Like an Ally”

U.S. Secretary of State nominee Antony Blinken said in his confirmation hearing this week that Turkey is "not acting like an ally" in what were some of the most pointed words coming out of Washington in the recent past. At...

PM Mitsotakis Meets with US Energy Secretary on Greece — US Cooperation

The spheres of Greece-US energy cooperation and US investments in Greece dominated a meeting of Greek Prime Minister Kyriakos Mitsotakis and US Secretary of Energy Dan Brouillette in Athens on Thursday. Meeting for the first time, at the Greek Prime Minister's...

Turkey Plans to Drill for Oil Near Greek Islands

Turkey plans to drill for oil near the Greek islands of Crete, Kasos, Karpathos and Rhodes based on a controversial maritime border agreement signed with the Libyan Government of National Accord in November of 2019. According to the Turkish news...

Greek Olive Oil World Trying to Survive Covid-19 Pandemic

By Lisa Radinovsky, Greek Liquid Gold Sandwiched between nations struggling with the coronavirus pandemic, Greece is a surprising success story. But with stay-at-home orders in place for a month, exporters of the country’s flagship products can hardly escape the...