Kaliningrad sanctions to take effect, Lithuania says
Lithuanian authorities said a ban on the transit through their territory to the Russian exclave of Kaliningrad of goods that are subject to EU sanctions was to take effect from Continue Reading
British minister condemns rail strikes as ‘huge mistake’
British transport secretary Grant Shapps has condemned planned rail strikes as a “huge mistake” that will stop people from attending hospital appointments, sitting school exams or getting to work. The Continue Reading
Wartime Harvest Starts in Ukraine But Silos Are Already Stuffed
At Oleksandr Peretiatko’s farm in central Ukraine, the harvest is just days away. In normal times, the crops would be sent off to ports on the Black Sea for export Continue Reading
Ukraine turns to EU as Russian invasion cuts off regular fuel supplies
Ukraine has been forced to seek alternative fuel supplies as the Russian invasion hits its traditional supply routes, leaving the war-torn country with acute petrol shortages. A Russian naval blockade Continue Reading
Oil Tumbles Below $110 as Fed Signals More Hawkishness Ahead
Oil fell the most in three months as Federal Reserve Chair Jerome Powell doubled down on his determination to curb the hottest inflation in decades with more aggressive rate hikes. Continue Reading
OPEC+ Begins Grappling with Next Move as US Presses for More Oil
The oil pact OPEC+ launched at the outset of the pandemic is finally nearing an end, and where the group goes from here is a politically fraught question. By August, Continue Reading
OPEC+ Mulls What To Do After The Oil Pact Ends
Delegates from OPEC+ are trying to decide what to do when the oil production pact ends in August, Bloomberg reported on Friday. The pact is faced with numerous uncertainties and Continue Reading
Iraqi crude output falls 79,000 bpd in May
Iraq’s oil production fell for a second consecutive month in May with output declines from fields both under federal control and in the Kurdistan region. Overall total production decreased to Continue Reading
Kurdistan Looks To Set Up Own Oil Firms Amid Legal Struggle With Baghdad
Amid an escalating dispute with the federal Iraqi government over the control of oil resources, the semi-autonomous region of Kurdistan is working to establish two companies that would produce and Continue Reading
Millions stranded as floods ravage parts of Bangladesh, India, more rain forecast
Monsoon rains caused widespread flooding in northeastern Bangladesh and India, stranding nearly 6 million people, authorities said on Saturday, warning the situation could worsen. The flooding in Bangladesh, described by Continue Reading