Oil Prices Drop, Despite Heightened Sanctions on Russian Crude

Oil Prices Drop, Despite Heightened Sanctions on Russian Crude

The price of oil fell by about 10 percent this week, easing (for now) supply worries about the E.U. embargo and a price cap.
Qatar Extends Its Natural Gas Dominance at Russia’s Expense

Qatar Extends Its Natural Gas Dominance at Russia’s Expense

As its influence grows, the country is poised to become a big energy supplier to Europe, which has turned away from Russia after its invasion of Ukraine.