Russia’s Eastern Offensive Appears to Falter
Russia’s offensive in eastern Ukraine appears to be faltering , as its troops suffer battlefield losses and logistical and morale problems similar to those they faced in the war’s first Continue Reading
An EU Embargo On Russian Oil Is Imminent
Members of the European Union are expected to agree on an embargo of Russian crude oil imports as early as next week, according to officials, in a move that would Continue Reading
OIL FUTURES: Crude slips as China lockdown continues to weigh on sentiment
Crude oil futures inched lower in mid-morning Asian trade April 29 as China’s lockdown continued to weigh on crude sentiment despite fears of supply disruptions from a potential embargo on Continue Reading
Oil extends gains as supply fears outweigh China lockdowns
Oil prices rose for a fourth day on Friday as fears over Russian supply disruption trumped COVID-19 lockdowns in China, the world’s biggest crude importer. Brent crude futures rose $1.60, Continue Reading
OPEC+ Seen Sticking To Current Production Arrangement
OPEC+ expected to boost production by 400,000 in June. Many group members have consistently failed to deliver the agreed production increases. The total production of OPEC+ for March was 1.45 Continue Reading
Iran Boosts Oil Exports As Its Key Buyer China Cuts Russian Purchases
Iran’s oil exports jumped by 30 percent from last year to 870,000 barrels per day (bpd) in the first quarter of 2022, The Wall Street Journal reported on Thursday, citing Continue Reading
TotalEnergies Looks To Divest Nigerian Asset, Joining Big Oil Exodus
France’s supermajor TotalEnergies plans to sell its minority stake in an onshore oil-producing joint venture in Nigeria in what will be the latest divestment of Nigerian oil assets by an Continue Reading
Heat wave scorches India’s wheat crop, snags export plans
An unusually early, record-shattering heat wave in India has reduced wheat yields, raising questions about how the country will balance its domestic needs with ambitions to increase exports and make Continue Reading
India Endures Record Heat Wave: ‘The Only Reason Is Global Warming’
India’s severe heat waves are expected to stretch into early next month, meaning millions of people will have to endure more days of dangerous temperatures and hours-long blackouts . The Continue Reading
E-Scooters in Flames Show High Cost of India’s Green Goals
A spate of high-profile battery fires is undermining India’s bid to become a leader in electric vehicles, particularly in the ubiquitous two-wheelers that ply the country’s traffic-clogged roads. Social media Continue Reading