Oil and gas prices surge as fighting in Ukraine enters its seventh day
From the BBC World Service: Brent crude oil rose above $112 a barrel for the first time since 2014, and European natural gas prices hit a fresh record as Russia’s invasion of Ukraine continues. Plus, a look at whether cryptocurrency exchanges can be held legally responsible if users use digital currencies to flout sanctions against Russia.
MCKITTRICK, CALIFORNIA - NOVEMBER 03: Pumpjacks operate in the Belridge oil field on November 03, 2021 near McKittrick, California. The Biden administration pledged to cut methane emissions from oil and gas production yesterday. In California, 35,000 oil and gas wells sit idle, many of which are unplugged and could leak methane gas. Scientists estimate that one-third of human-induced global warming is caused by methane. (Photo by Mario Tama/Getty Images)
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