In the aftermath of U.S. President Joe Biden’s announcement last week that he was banning Russian oil imports in the U.S., global markets delivered a stark message to Russia’s leading energy giants: No one wants to buy what they’re selling. No one, that is, other than India, which is the …

Even before Russia’s invasion of Ukraine pushed the price of crude oil above $100 a barrel for the first time since 2014, global oil prices had been on the rise for several months. After the pandemic-induced slump, the spike in prices is expected to create a boon for oil-producing countries. …

Four years ago, at a Track II dialogue between German and American diplomats and analysts, a German colleague of mine explained his firm belief that his country—and, by extension, Europe as a whole—could use geoeconomic tools to regulate and blunt Russia’s geopolitical ambitions. Europe’s need for natural gas, he said, …