Oil tankers that previously carried Iranian oil are switching to haul Russian crude, according to shipping analytics company Vortexa. Eleven of the tracked ships that previously carried Iranian crude have loaded Russian oil and products since April, […]
Russia’s President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed continued cooperation within OPEC+ in a phone call on Thursday, according to a statement from the Kremlin. “It was emphasized that a further […]
(Bloomberg) — The British government needs to publish detailed plans on decarbonizing the economy if it wants to prevent a “disorderly” transition to net-zero emissions by 2050, members of Parliament’s upper chamber said Thursday. Specific […]
Today’s news includes the threat that Russia will continue the recent cuts in gas supplies that Gazprom, the state gas company, has imposed. Moscow may not fully reconnect the Nord Stream 1 pipeline that carries gas under […]
FRANKFURT, July 21 (Reuters) – The European Central Bank raised interest rates by more than expected on Thursday as concerns about runaway inflation trumped growth considerations, even while the euro zone economy reels from the […]
LONDON/KYIV, July 21 (Reuters) – Russian gas began flowing to Europe via a major pipeline on Thursday after a 10-day pause but fears of broader supply cuts remained and Russian forces in Ukraine were seen […]
China’s very-strict covid policies continue to be a major risk for crude markets. China was almost single-handedly responsible for the commodities pricing super-cycle that occurred between 2000 and 2014. Any major resurgence of covid in […]
Previously, a heat wave hit Japan with high temperatures exceeding 40 degrees Celsius in many places for nine consecutive days. Last month could be said to be the hottest June in Japan since 1875. A few […]
The European Commission doesn’t expect Russia to restart a key natural gas pipeline this week, a senior official said, the clearest indication yet that the bloc is bracing for the worst. “We don’t expect that […]
A cutoff in Russian natural gas supplies could result in a hit of as much as 2.65% to the European Union’s economy, according to a working paper from the International Monetary Fund. A halt would probably reduce […]
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