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The Latest Breaking News from Bruegel

Top energy historian says oil prices could go anywhere next year, it all depends on 3 factors

It's anyone's guess where oil prices go next year, but these three factors are likely to be critical.

Fortune

Why sanctions against Russia aren't working — yet

When sanctions were enacted against Russia in February of this year, many forecasts were of an imminent collapse in the Russian economy. A new report looks at why that hasn't happened.

WEKU

Russia abandons Kherson city and digs in farther east

In the 37th week of Russia’s war in Ukraine, Russia announced a troop withdrawal from the southern city of Kherson.

Al Jazeera

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European governments spend half a trillion euros on energy crisis - report

Governments in Europe have earmarked nearly 500 billion euros in the last year to cushion citizens and companies from soaring gas and power prices, according to research published by think-tank Bruegel on Wednesday.

Reuters

Data | India, China help lift Russia’s post-war crude oil exports

Only 1% of India’s crude oil imports came from Russia in the past five years

The Hindu

Could a cartel of large energy consumers cut oil and gas prices?

Italy’s PM Mario Draghi suggests big consumers club together to limit how much is paid and raises idea of EU gas price cap

The Guardian - UK

Microsoft Announces Changes after Cloud Computing Complaints

Microsoft, which had been fined 1.6 billion euros ($1.7 billion) by EU antitrust regulators, will revise its licensing terms and allow cloud service providers to better compete in response to complaints, its president Brad Smith said on Wednesday. The company was taking the first step but not the last to…

Asharq Al-Awsat

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EXPLAINER: What's the impact if Europe cuts off Russian oil?

The European Union's executive commission has proposed phasing out imports of Russian oil within six months

The Independent UK

Russian gas crisis: 5 things to know about Europe’s supply

Russia is cutting gas supplies to Poland and Bulgaria, and is threatening to cut off other countries in Europe.

Al Jazeera

EXPLAINER: What's behind Russia's natural gas cutoff?

Russia's playing hardball on natural gas

The Independent UK

EXPLAINER: What's the impact if Europe cuts off Russian oil?

Europe is discussing a boycott of Russian oil over the Kremlin's invasion of Ukraine

The Independent UK

What would a shut off of Russian gas mean for Europe?

Using analysis by Brussels-based think tank Bruegel, we explore the impact and options for Europe.

The Independent UK

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