The head of Pioneer Natural Resources warns that the US won’t be able to replace Russia’s shortfall Global prices for crude may surge to $200 per barrel if Russian oil and gas are banned, warns Scott Sheffield, the chief executive of the US’ biggest shale oil operator, Pioneer Natural Resources.

The evacuation of civilians from Mariupol and Volnovakha is unlikely to begin on Saturday Humanitarian corridors from the Azov Sea port city of Mariupol and the nearby city of Volnovakha are unlikely to open on Saturday and it’s still unclear when safe-passage operations might begin, a statement from the International Committee of the Red Cross…

President Vladimir Putin has signed a law that will allow Russia to impose sanctions on foreigners found guilty of violating its citizens’ human rights. On Friday, Putin inked an order that will allow authorities to impose embargoes against individuals from any country for committing offenses against Russian citizens.