Ukraine war – Oil & Gas 360

Canada eyes deeper energy ties with Germany through critical minerals partnership

August 26, 2025

(BOE Report)– Canada is signing a critical minerals partnership with Germany that encourages the joint public financing of natural resources projects. Prime Minister Mark Carney says for too long, key Canadian minerals such as nickel and cobalt have gone underdeveloped while China and Russia dominate the global critical minerals market. Carney says the two countries also aim to closely co-operate

Russia says its demands are unchanged: full Ukrainian withdrawal from regions that Moscow claims

August 13, 2025

(BOE Report)– Russia said on Wednesday that its stance on ending the war in Ukraine has not changed since President Vladimir Putin set out his conditions last year: the full withdrawal of Kyiv’s forces from key Ukrainian regions and the abandonment of its NATO ambitions. Putin and U.S. President Donald Trump are due to meet on Friday in Alaska, the

Oil prices fall 1% after US crude build and ahead of Trump-Putin talks

August 13, 2025

(Investing.com)– Oil prices fell over 1% on Wednesday after a U.S. crude supply unexpectedly rose, but losses were limited after the U.S. Treasury Secretary said President Donald Trump could leverage sanctions at a meeting with Russian President Vladimir Putin. Brent crude futures dropped 80 cents, or 1.2%, to $65.32 a barrel by 10:46 a.m. EDT, while U.S. West Texas Intermediate crude

Three years into war, US and Europe keep billions in trade with Russia

August 6, 2025

(BOE Report)– Three years after Russian President Vladimir Putin launched his full-scale invasion of Ukraine, the United States and European Union still import billions of euros worth of Russian energy and commodities, ranging from liquefied natural gas to enriched uranium. India this week lashed out at what it called Western double standards, after facing renewed threats from U.S. President Donald

Oil heads for weekly gains as Ukraine war intensifies

November 22, 2024

(Investing) – Oil prices were set for their biggest weekly rise in almost two months on Friday, gaining 4% as an intensifying war in Ukraine returned a geopolitical risk premium to the market. Brent crude futures had pared 9 cents to $74.14 a barrel by 1418 GMT. U.S. West Texas Intermediate crude futures shaved off 3 cents to $70.07 per barrel. Pressuring

Ukraine war shook up markets, but much stays the same for Canadian oil and gas

February 24, 2023

BOE Report CALGARY – When Russian tanks and troops rolled into Ukraine one year ago, it was no shock that crude prices spiked above US$100 per barrel for the first time since 2014. With Russia controlling 10 per cent of the world’s crude oil supply, many observers in the early days of the conflict predicted the war and Western

Sustainable recovery spending could be derailed by commodity price spikes following Ukraine war

April 15, 2022

CNBC The world’s governments have pledged more than $710 billion to “sustainable recovery measures” by the year 2030 since the beginning of the Covid-19 pandemic, the International Energy Agency has said. This is a 50% increase compared to the figure in Oct. 2021 and represents “the largest ever clean energy fiscal recovery effort,” according to the IEA. Despite this growth,

Ukraine war threatens oil demand and investment, OPEC says

March 16, 2022

World Oil (Bloomberg) — Russia’s invasion of Ukraine threatens to intensify the surge in global inflation, hurting oil demand and investment, the Organization of Petroleum Exporting Countries warned. International crude prices briefly hit a 13-year high of almost $140 a barrel last week as a boycott of Russian supplies deepened the shortfall in already tight world markets. Brent futures have

OPEC flags risk to oil demand outlook from Ukraine war, inflation

March 15, 2022

Nasdaq LONDON, March 15 – OPEC said on Tuesday that oil demand in 2022 faced challenges from Russia’s invasion of Ukraine and rising inflation as crude prices soar, increasing the likelihood of reductions to its forecast for robust demand this year. Oil prices shot above $139 a barrel this month, hitting peaks not seen since 2008, as Western sanctions tightened

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