David McHugh

Reporter with the Associated Press

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14 Articles

Oil tankers are moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, the largest facilities for oil and petroleum products in southern Russia, in Novorossiysk, on Oct. 11, 2022. Photo by The Associated Press

Oil price cap chips away at Russia's revenue

A price cap and European Union embargo on most Russian oil have cut into Moscow's revenue from fossil fuels, but the Kremlin is still earning substantial cash to fund its action in Ukraine because the $60-per-barrel cap was “too lenient," researchers said on Wednesday, January 11, 2023.

News, Politics | January 12th 2023

An oil tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia, on Tuesday, Oct. 11, 2022. (AP Photo, File)

EU sets Russian oil cap to reduce Putin's war chest

Oil prices rose on Monday, December 5, 2022, as the first strong measures to limit Russia's oil profits over the war in Ukraine took effect, bringing with them uncertainty about how much crude could be lost to the global economy through the new sanctions or Russian retaliation.

News | December 5th 2022

Pallets of firewood for sale are placed on the side of the road outside Chisinau, Moldova, on Saturday, Oct. 15, 2022. (AP Photo/Aurel Obreja)

Prices of firewood prices rising in Europe as energy crisis continues

Tudor Popescu swings his ax down on a log, then feeds the split wood into a stove that heats his home in the capital of Moldova. As the nights turn chilly, the stack of firewood has been growing higher around him — his provisions for the coming winter.

News | October 27th 2022

A worker inspects a bowl in the factory of the French glassmaker Duralex, in La Chapelle Saint-Mesmin, central France, on Sept. 7, 2022. (AP Photo/Thibault Camus)

Gas crunch eases in Europe - for a while at least

Natural gas and electricity prices in Europe have plunged from summer peaks thanks to mild weather and a monthslong scramble to fill gas storage ahead of winter and replace Russian supplies during the war in Ukraine. It's a welcome respite after Russia slashed natural gas flows, triggering an energy crisis that has fueled record inflation and a looming recession.

News | October 26th 2022

Residents evacuate their home in Nemours, 50 miles south of Paris, France, on June 2, 2016. (AP Photo/Francois Mori, file)

Report: Europe's banks must raise game on climate risk

Europe’s banks aren’t sufficiently considering risks from climate change and must “urgently step up efforts” to make sure they understand the possible impact of floods, wildfires and losses on investments.

News | July 8th 2022

A worker at a Ukrainian gas station Volovets in western Ukraine Wednesday, in Oct. 7, 2015. File photo by: The Canadian Press/AP/Pavlo Palamarchuk

What Russia's invasion of Ukraine means for world energy bills

The world is already facing high energy prices and a supply crunch that has hit consumers with high utility bills and pain at the gasoline pump.

News | February 25th 2022

US Secretary of State Antony Blinken, fourth from left, and India's Foreign Minister Subrahmanyam Jaishankar, third from right, meet at an hotel in Rome, on Saturday, Oct. 30, 2021. Photo by The Associated Press/Andreas Solaro, pool

G-20 leaders endorse global corporate minimum tax

Leaders of the world's biggest economies on Saturday, October 30, 2021, endorsed a global minimum tax on corporations, a linchpin of new international tax rules aimed at blunting the edge of fiscal paradises amid skyrocketing profits of some multinational businesses.

News, Politics | November 1st 2021

Climate activists try to block traffic in front of the Italian Ministry of the Ecological Transition in Rome's via Cristoforo Colombo, one of the main road leading to La Nuvola convention center, on Oct. 30, 2021. (AP Photo/Luca Bruno)

G-20 opens with demonstrations and COVID vaccination demands

The leaders of the world’s economic powerhouses on Saturday, October 30, 2021, took part in the first in-person summit since the coronavirus pandemic, with climate change, COVID-19 economic recovery and the global minimum corporate tax rate on the agenda.

Race to a Safer World

News, Politics | October 30th 2021

In this Thursday, April 29, 2021 file photo, a coal-fired RWE power plant steams on a sunny day in Neurath, Germany. File photo by The Associated Press/Martin Meissner

Energy agency urges bigger global effort to cut GHG emissions

The International Energy Agency warned new investment in clean energy was needed to “jolt the energy system onto a new set of rails.”

Race to a Safer World

News | October 13th 2021

In this Tuesday, Dec. 10, 2019 file photo commuters wait in traffic during the morning rush hour in Brussels. File photo by The Associated Press/Francisco Seco

German car manufacturers fined $1B over emission collusion in EU

The European Union handed down $1 billion in fines to four major German car manufacturers on Thursday, July 8, 2021, saying they colluded to limit the development and rollout of car emission-control systems.

Race to a Safer World

News | July 8th 2021