"Oil prices at $80 is extremely comfortable for Russia," she said. "Maybe at $60-$70 it starts feeling the pinch, but we cannot start talking about crisis if Russia is selling oil at $60 or above."

The European Commission on Thursday said Germany will be the biggest drag on euro zone growth this year and next, with growth of only 0.3% in 2024 rather than 0.8% expected in November and 1.2% in 2025, after a 0.3% recession last year.

The aid provided by seven countries is expected to unlock an additional 5.4 billion euros in private investments, with 32 companies participating in 33 projects, the commission said.

Demand for renewable energy resources has never been more robust, and billions of dollars in federal funding are now available to support projects designed to meet the demand. Projects that qualify for funding are designed to harness energy from water, wind or solar sources. Some technology projects are also eligible.

In a statement, Rosneft’s law firm Malmendier Legal said such an expropriation would be “unprecedented in Germany’s post-war history” and that the Kremlin-controlled company would take “all necessary measures” to protect the rights of its shareholders.

Industrial production fell in December by 1.6% compared with the previous month. Analysts polled by Reuters had predicted a 0.4% fall.

Currently, about 15% of Britain's energy needs are met by nuclear power, a drop from 27% in the 1990s as older plants have been decommissioned and new ones are taking time to build.

On October 18, the US Treasury suspended certain sanctions measures on nVenezuela’s oil and gas sector operations.

When Congress passed the IIJA in 2021, it authorized $1.2 trillion in spending over five years for the country’s critical infrastructure - transportation, energy- broadband, water, technology, healthcare, education and more. Currently, it is estimated that between $345 billion and $400 billion has been disbursed to date.

The inclusion of development projects in Mpumalanga is an attempt to cushion that region from the economic impact of facilities closing down. Almost all of South Africa’s electricity — more than 80% of which comes from coal — is generated in the province.

China, which has been promoting the yuan’s use in transactions with major energy and commodity exporters, is Saudi Arabia’s biggest trade partner.

If officials conclude that the court judgment broadly applies to most of Germany’s off-budget funds, as expected, Finance Minister Christian Lindner will have to retroactively account for at least €30 billion of new debt in a revised program for 2023,

There is no rocket science to the three basic choices for grappling with a national debt that has doubled in just the last decade and stands at $33.7 trillion, around 124% of GDP: raise taxes, cut spending or do a combination of the two.

We estimate Venezuela’s external debt stands at around US$167 billion. The majority is from the sovereign at US$107 billion, with PDVSA adding US$59 billion and ELECAR another US$1 billion. 21% is arrears due to missed interest payments.

The U.S. Department of Energy (DOE) announced up to $3.5 billion from the Infrastructure Law to boost domestic production of advanced batteries and battery materials nationwide.