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Development in which Shell, Mitsubishi and Mitsui are stakeholders is first to be nationalised since Ukraine invasion
Head of Kyiv-based Naftogaz says the west must hold firm in the face of economic pain and rising fuel prices
Chancellor should clarify a time limit on the measure and refine investment allowances
Supply constraints and growing demand mean this year’s record high coal prices might be just the start.
Conflating complicated long-term market reform with flip-flopping over windfall taxes is odd and unhelpful
German energy group warns on ‘significant financial burdens’ as Gazprom restricts volumes
Russian state-backed gas group had proposed record payout
Chief of mining group Norilsk faces asset freeze and travel ban
New boss says rebranded company is ‘back in town, ready to resume our business’
Move risks legal challenge at the World Trade Organization
Cyber campaign comes as Washington tries to boost self-sufficiency in critical minerals
Europe warns that shutting two-way interconnectors to Belgium and the Netherlands could backfire
Details of scheme come as US president contends with voter dismay over high petrol prices and rising inflation
Formal opening of Pemex’s Dos Bocas refinery heralded a landmark by president despite questions over profitability
Russia does not want Shell to remain a phantom shareholder, providing no capital or operational expertise
World’s most important industrial metal had struck a record high above $10,600 earlier this year
Government accuses companies of raking in profits while domestic supply has dipped
An FT investigation tracks the vessels exporting food from Crimea in ways that sidestep international sanctions
Crude oil rises as American inflation-rate expectations hit record high of 8%
Leaders want insurers to become the effective enforcers of a price cap mechanism
Government worried about ‘perverse consequences’ of applying policy including risk of losing investment
Company led by mining magnate Robert Friedland valued at $1bn after trading debut
Tracking the provenance of refined fuel exports could make any such move devilishly hard
Pledge to ease economic pressure and punish Moscow ‘very ambitious’, says German chancellor Olaf Scholz
Plus, limited US refining capacity means more crude is being sent abroad
Apiaries subject to Covid-style restrictions to save pollinators crucial to agricultural sector
Miner aims for 30% of its land and water under conservation, restoration or regeneration programmes
Livista Energy seeks to build site in England to supply electric vehicle battery makers
‘It’s a question of how high prices eventually rise’ to spur investment, says Darren Woods
Prime minister risks breaking international law to prevent flood of cheap imports
Europe has halved its reliance on Russian gas but it is running out of short-term fixes
Steel tycoon Rinat Akhmetov brings case in Europe over violations of property rights and seizure of assets
Russia can squeeze the west in the short term but it is losing its position as an energy superpower
Sell-off of Australian-listed company’s shares triggered after resignation of chief executive and as supply glut warnings increase
Few airlines hedge against surging oil prices but Southwest’s small team has shown the benefit
Americans’ belief that price gouging is driving high inflation shows that faith in business is fragile
Intensive farming in America’s midwest has consequences for our health and the planet with falling returns to farmers
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