Fuel bottlenecks, gas rationing: the world could be heading for a ’70s-style energy crisis – or worse

ANALYSIS. The global economy has, in part, been able to withstand rising energy prices. But prices could continue to rise to unsustainable levels under Russian sanctions. Supply shortages could lead to hard choices, including rationing. The world is grappling with gravity-defying energy price spikes in everything from gasoline and natural gas to coal. Some fear … Read more

Ukraine: Europeans agree on Russian oil embargo | International – Germany, Europe, Africa | DW

The Heads of Government and State of the European Union (EU) have reached an agreement for an embargo on Russian oil, announced the President of the European Council, explaining that two thirds of European imports to Russia are in Game. “Agreement to ban the export of Russian oil to the EU. This immediately covers more … Read more