Biden: Expect ‘Real’ Food Shortages Due to Ukraine War Egypt, the world’s biggest wheat buyer, is cutting back on purchases as two of its largest suppliers are embroiled in a Continue Reading
The U.S. has granted Iraq another 120-day sanctions waiver enabling continued cross-border imports of energy from Iran without triggering penalties, as efforts intensify to revive the 2015 nuclear deal that Continue Reading
Akwa Ibom State government has dragged ExxonMobil to court over an attempt to sell off some of its assets without informing it as a critical partner about the intention to Continue Reading
A Russian oil company used to provide a workaround to U.S. oil trading sanctions on Venezuela is scrambling to avoid another set of sanctions, documents show, this time from Europe Continue Reading
More than 20,000 bankers, traders, and other workers are bedding down in office towers in Shanghai’s Lujiazui district as they bid to keep China’s giant financial hub ticking over through Continue Reading
Japan will ban the export of high-end cars and other luxury goods to Russia in its latest response to the Russian invasion of Ukraine, the trade ministry said on Tuesday. Continue Reading
Danish shipper Maersk said the Shanghai lockdown will severely hurt trucking services and increase transport costs, as China’s intensifying efforts to fight the spread of COVID-19 further rattle global supply Continue Reading
A lockdown in Shanghai marks another potential setback for China’s export machine, reigniting concerns over the risk of renewed disruption to global supply chains pummeled by the pandemic and war Continue Reading
The United States and its allies plan new sanctions on more sectors of Russia’s economy that are critical to sustaining its invasion of Ukraine, including supply chains, Deputy U.S. Treasury Continue Reading
After nearly a week of quiet following an outbreak of severe weather that tore through the Interstate 35 corridor in Texas and dropped a deadly EF3 tornado in downtown New Orleans, Continue Reading
Oil prices are sitting well above the $100 mark and show no sign of falling back any time soon, but that doesn’t mean that a wave of new production will Continue Reading
Gasoline prices have soared this year, breaking records across the United States. Consumers are pointing the finger at Big Oil, but perhaps unfairly. Gasoline prices often lag behind oil prices, Continue Reading
Europe’s super serious about dumping Russian natural gas. And the big winner will be U.S. LNG. On March 25, President Biden and European Commission head Ursula von der Leyen took Continue Reading
Russian gas deliveries to Europe on three key pipeline routes were broadly steady on overall on Tuesday morning, little changed from Monday evening. Flows to Germany through the Nord Stream Continue Reading
France and Germany saw bigger than expected drops in consumer confidence this month as government measures to help with rising inflation and fuel costs offered little relief in the wake Continue Reading
Bloomberg News European natural gas gained as colder weather at the end of winter combined with a dip in flows from Norway. Benchmark futures rose for a second day, reaching Continue Reading
Russian oil exports continue to make their way onto the global market. Buyers in China and India have found ways to circumvent Western sanctions. Russia continues to make a large Continue Reading
Russia has issued a firm warning following the G7’s rejection of its gas-for-rubles scheme. The G7 has said the demands from Moscow were “one-sided and a clear breach of contracts.” Continue Reading
Russian companies grappling with stinging international sanctions are exploring ways to relocate. The bulk of the enterprises and individuals making the move out of Russia to Kazakhstan are involved in Continue Reading
Oil is falling in Asia as the virus resurgence in China worsens. Oil retreated as China’s worsening virus resurgence raised concerns about demand in the world’s biggest crude importer, while Continue Reading
Oil prices tumbled more than $5 on Monday as fears over weaker fuel demand in China grew after financial hub Shanghai launched a two-stage lockdown to contain a surge in Continue Reading
The de facto buyers’ strike on Russian crude that began a month ago propelled oil prices to their highest levels in years. Now the real effects are starting to create Continue Reading
Russian refiners cut processing rates of diesel fuel. Already tight diesel supply is getting even tighter. Vitol’s chief executive Hardy: diesel supply shortage could trigger rationing in Europe Earlier this Continue Reading
Federal Bank of Dallas economists warn that a global economic downturn may be unavoidable if a large of Russian energy exports remain off the market throughout the year. Billionaire investor Continue Reading
Sometime this year a worker will plug in an historic solar panel. Whether on a small rooftop or in a sprawling desert array, that panel will put the world over Continue Reading
India is not considering buying oil from Russia using Indian rupees, the junior oil minister told parliament on Monday, after Western nations imposed sanctions on Russia over its invasion of Continue Reading
A Saudi-led coalition fighting Houthi rebels in Yemen launched airstrikes against sites in the southern Arabian country in response to multiple attacks Friday, including one that caused a fire at Continue Reading
Layal Aswad was already exhausted by Lebanon’s devastating two-year economic collapse. Now, as Russia’s invasion of Ukraine sends food and energy prices soaring even further, she finds herself struggling to Continue Reading
Dorra/Arash gas field discovered in 1962 Field is partly in Neutral Zone shared by Saudis, Kuwait Iran open to talks with Kuwait, Saudis Iran is set to develop its part Continue Reading
Russia’s invasion of Ukraine has sparked concern of a global supply shortage, forcing the U.S. to rethink its relationship with Venezuela. The burden created by strict U.S. sanctions against Venezuela Continue Reading
As coronavirus outbreaks spread across China , Shanghai is introducing new rounds of lockdowns to be rolled out sequentially across the city’s neighborhoods, the city government announced on Sunday night, Continue Reading
Indonesian men fry krupuk, a rice cracker served with most meals, in Jakarta. The party backing President Joko Widodo is urging Indonesians to start boiling, steaming and roasting food instead Continue Reading
The Tesla Gigafactory in Shanghai. Bloomberg News Tesla Inc. is extending the production pause at its Shanghai plant to Thursday after the city was placed into a phased lockdown to Continue Reading
China began its most extensive lockdown in two years Monday to conduct mass testing and control a growing outbreak in Shanghai as questions are raised about the economic toll of Continue Reading
For all the focus on how Russia’s economy is in trouble, isolated and battered by western sanctions, China, its most important ally, faces serious tremors as well. No other major Continue Reading
China Petroleum & Chemical Corp. better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a decade, echoing Beijing’s call Continue Reading
U.S. oil exports have climbed following Russia’s invasion of Ukraine, and barrels of domestic oil that would typically go to the Cushing, Oklahoma, storage hub are instead being exported via Continue Reading
Seeking to soften the blow of higher gas prices on consumers, a handful of states have suspended their gas taxes, and several other states may soon follow. Gas prices, which Continue Reading
Germany’s decision to become more energy independent due to Russia’s invasion of Ukraine it will have to accept higher energy costs, Chancellor Olaf Scholz said on Sunday. Scholz told public Continue Reading
Russia is maintaining a distant blockade of Ukraine’s Black Sea coast which is effectively isolating Ukraine from international maritime trade, British military intelligence said on Sunday. Russian naval forces are Continue Reading
Ukraine is willing to become neutral and compromise over the status of the eastern Donbas region as part of a peace deal, President Volodymyr Zelensky said on Sunday, even as Continue Reading
Before Russia’s war in Ukraine, Europe’s most pressing energy policy goal was reducing carbon emissions that cause climate change. Now, officials are fixated on rapidly reducing the continent’s reliance on Continue Reading
Ukraine is ready to declare neutrality, abandon its drive to join Nato and vow not to develop nuclear weapons if Russia withdraws troops and Kyiv receives security guarantees, President Volodymyr Continue Reading
A tanker used for shipping liquefied natural gas sits in Sabettan, Russia. Russian tankers carrying oil chemicals and oil products are increasingly concealing their movements, a phenomenon that some maritime Continue Reading
With peace talks between Russia and Ukraine set to take place in Turkey this week, Ukrainian President Volodymyr Zelenskiy has insisted on the territorial integrity of his country after earlier Continue Reading
Russian gas deliveries to Europe on three main pipeline routes were stable on Monday morning, with the Yamal-Europe pipeline continuing to flow eastwards from Germany into Poland. Flows to Germany Continue Reading
For years, Volkswagen AG thrived as a global company, building and selling its cars all around the world. But like war, health scares, and trade disputes roll back decades of Continue Reading
Russia’s Arctic gas ambitions are under threat as international sanctions over the invasion of Ukraine jeopardise deliveries of the specialised vessels needed to ship the fuel from its vast projects Continue Reading
GlobalRiskInsights.com provides the web’s best political risk analysis for businesses and investors. Our contributors are some of the brightest minds in economics, politics, finance, and… Putin’s invasion of Ukraine has Continue Reading
OPEC+ will look at supply and demand when it meets Mar 31 OPEC+ lost 1 mil barrels from natural decline in a year NOCs cannot replace IOC production Russia is Continue Reading
