ENERGY

Putin says Chinese proposal could be basis for peace in Ukraine

Summary Companies Putin calls China Russia’s most important economic partner Xi is on a state visit to Moscow Putin says…

Oil rises 2% in retreat from 15-mth low as banking fears subside

Summary Companies U.S. Fed begins two-day meeting on Tuesday Oil prices will move higher towards year end -Gunvor CEO U.S.…

Russia’s budget deficit has surged. But economists say Moscow won’t drain its war chest any time soon

The coming months will be critical in figuring out how Russia’s economy is holding up in the face of a…

Sanctions on Russian oil are having the ‘intended effect,’ IEA says

Bans and price caps targeting Russian oil are having the “intended effect” despite surprisingly resilient production and exports in recent…