Fallout from China’s race to halt its worsening coronavirus outbreak is growing as authorities order lockdowns and other restrictions across more of the country. All 24 million residents of northeastern Jilin province, Continue Reading
China’s stock rout cost the nation’s richest tycoons more than $52 billion on Monday. Zhong Shanshan Zhong Shanshan, known as China’s king of bottled water, led the plunge as his Continue Reading
Citigroup, the American bank with the largest presence in Russia, said it would broaden its planned withdrawal from the country because of the war in Ukraine. Citi, which announced plans Continue Reading
The chief executive EQT believes that the U.S. could easily replace Russian natural gas in Europe, claiming that there is both the ability and the desire to do more. While Continue Reading
Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 70,000 barrels per day (bpd) to a record 5.208 million Continue Reading
The turmoil in the global wheat market has abated somewhat, with traders seeking more clarity on supplies from the crucial Black Sea region as Russia’s war in Ukraine rages on. Continue Reading
Escalating sanctions by the West to punish Russia for its war against Ukraine are driving fears that an episode of increased inflation, already at its highest levels in 40 years, will become harder Continue Reading
Senators Elizabeth Warren and Ron Wyden have proposed a windfall profit tax on oil companies, a proposal that was tried before in the 1980s and that failed miserably. While the Continue Reading
Key battery metals are facing a shortage as the Ukraine-Russia war heats up An already voracious commodity supercycle is now witnessing even greater momentum amid fears of major supply-chain disruption Continue Reading
Permian oil volumes hitting record highs Natural gas growth outpacing crude DUC count continues to deplete The US shale oil production forecast was revised downward in March by 116,000 b/d, Continue Reading
Thousands more refugees cross into central, eastern Europe EU says expects 5 million may end up fleeing war Millions also displaced inside Ukraine People from western Ukraine now on the Continue Reading
Russia on Monday passed a law allowing the country’s airlines to place airplanes leased from foreign companies on the country’s aircraft register – a manoeuvre likely to stoke Western fears Continue Reading
European Union member states have agreed on a fourth package of sanctions against Russia following its invasion of Ukraine, the office of the French EU presidency wrote on Twitter on Continue Reading
Russia plans to temporarily ban grain exports but will keep on providing special export licences to traders within its current quota, Deputy Prime Minister Viktoria Abramchenko said on Monday, playing Continue Reading
India is considering a Russian offer to buy crude oil and other commodities at discounted prices through a rupee-ruble transaction. So far, India has not condemned Russia’s invasion of Ukraine, Continue Reading
Russia’s agriculture, trade ministries had considered export ban Deputy PM says exports will be permitted by licensed companies Russia’s Deputy Prime Minister Victoria Abramchenko said March 14 that the country Continue Reading
The International Court of Justice (ICJ) on Monday said it would rule in the case that Ukraine has brought against Russia on March 16. In a hearing which was boycotted Continue Reading
Russian westbound gas supply for Europe via the Yamal-Europe pipeline was halted on Tuesday, data from the Poland-Germany border showed. Russian gas flows to Europe through other pipelines including the Continue Reading
Germany’s largest power producer and a buyer of gas from Gazprom , on Tuesday warned of far-reaching risks that an escalation of the war in Ukraine could have on its Continue Reading
Norwegian state oil company Equinor (EQNR.OL) said on Monday it will stop trading in Russian oil as the company shuts down operations in Russia following its invasion of Ukraine. Equinor’s Continue Reading
Two leading French NGOs plan to take legal action against TotalEnergies over possible human rights abuses unless it cuts its business ties with Russia following the country’s invasion of Ukraine, Continue Reading
What happens with bond payments due Wednesday could kickstart Russia’s first foreign-currency default since the 1917 revolution Russian Police officers run to detain a man holding a poster that reads Continue Reading
European natural gas prices declined amid mild weather and steady flows from Russia via Ukraine. Above-average temperatures are forecast across northern Europe next week, easing concerns that any disruption in Continue Reading
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . Energy giant RWE AG supports efforts by the German government to reduce Continue Reading
Oil prices shed as much as $4 a barrel on Monday, extending last week’s decline as diplomatic efforts to end the war in Ukraine geared up and markets braced for Continue Reading
U.S. gasoline prices at the pump edged lower over the weekend after reaching all-time highs last week following Russia’s invasion of Ukraine. Retail gasoline prices fell for the second straight Continue Reading
U.S., China to meet on Monday to discuss the Russian invasion Source: Bloomberg Oil declined following a volatile week of trading after Ukraine’s president said talks with Moscow showed signs Continue Reading
A global food crisis looms unless the war in Ukraine is stopped because fertilizer prices are soaring so fast that many farmers can no longer afford soil nutrients, Russian fertilizer Continue Reading
Commodity prices, including oil and natural gas, are all over the place. Russia’s aggression in Ukraine, and the subsequent retaliation from the West, have sent global supply chains into chaos. Continue Reading
Iran will stay in the Vienna nuclear talks until its demands are met and a “strong agreement” is reached, Iran’s top security official Ali Shamkhani said on Monday. Talks to Continue Reading
The U.S. won’t negotiate exemptions to Ukraine-related sanctions on Russia to save the 2015 Iran nuclear deal and could try to strike a separate accord excluding Moscow, a senior U.S. official said, Continue Reading
The US has ruled out offering any sanctions relief to Russia in order to clinch its support for an agreement to revive the 2015 nuclear accord with Iran, rebuffing a Continue Reading
The leader of a new Libyan government has vowed to relocate from the country’s east to Tripoli within “days” to replace a rival administration, despite concerns that such a move Continue Reading
Enemy bullets ripped overhead. A barefoot Yemeni soldier who calls himself Fouad the Brave grabbed a rifle and returned fire from behind a sand berm, taking aim at Iran-backed Houthi Continue Reading
Saudi Arabia put to death 81 people who had been convicted of crimes including murders, rape, arms smuggling and links to terrorist groups, in the largest known mass execution in Continue Reading
Aviation fuel marketers in the country have given insight into why they give priority to foreign airlines as against local airlines, saying since the foreign airlines pay for Jet A1 Continue Reading
BP and Eni have formed a new independent company named Azule Energy through the combination of the two companies’ Angolan businesses. BP and Eni have signed an agreement to form Continue Reading
Russia’s war in Ukraine has sent its economy into a nosedive. Central Asian economies are highly exposed to Russia. A collapsing Russian economy risks mutating into a deadly pathogen for Continue Reading
India is considering taking up a Russian offer to buy its crude oil and other commodities at discounted prices with payment via a rupee-rouble transaction, two Indian officials said, amid Continue Reading
The city skyline covered by haze in Mumbai. Mumbai announced detailed plans to zero out carbon emissions by 2050, a target that puts it two decades ahead of India’s national Continue Reading
Russia urged India to deepen its investments in the sanction-hit country’s oil and gas sector, and is keen on expanding the sales networks of Russian companies in Asia’s third-largest economy. Continue Reading
The cash price for unleaded gas posted outside Michael Tusinac’s window at his gas station in Morristown, N.J.: $4.49 a gallon. The price would rise another 10 cents within two Continue Reading
Hong Kong leader Carrie Lam said on Monday there were no current plans to further tighten strict social distancing measures as authorities battle to contain a deepening coronavirus outbreak which Continue Reading
Australia said on Monday it was imposing new sanctions on 33 Russian oligarchs and business people, including Chelsea Football Club owner Roman Abramovich and Gazprom CEO Alexey Miller, over the Continue Reading
Residents line up at a makeshift nucleic acid testing site during a mass testing for the coronavirus disease (COVID-19), in Chaoyang district of Beijing, China March 14, 2022. REUTERS/Tingshu Wang Continue Reading
China Tech Stocks Slide as Russia, Covid Concerns Deepen Chinese stocks listed in Hong Kong had their worst day since the global financial crisis, as concerns over Beijing’s close relationship Continue Reading
Shanghai Tower, center, right, in the Lujiazui Financial District of Shanghai. Bloomberg News Shanghai Tower was locked down Monday, trapping workers and visitors inside as authorities race to contain a Continue Reading
The gasoline and gasoil output at China’s independent refineries fell by 17.3% on month in February, following a continuous drop in refinery throughputs, data from local energy information provider JLC Continue Reading
U.S. National Security Adviser Jake Sullivan, who is due to meet with China’s top diplomat Yang Jiechi in Rome on Monday, warned Beijing that it would “absolutely” face consequences if Continue Reading
Americans looking to offset surging gasoline prices with a more fuel-thrifty vehicle aren’t likely to find much on the car lot today. The sharp rise in fuel costs, driven in large Continue Reading
