Now UK Petrol Prices Are Closing In on £100 to Fill Family Cars
UK fuel prices have set a string of new records in recent weeks. The cost of filling up a 55-liter family car with petrol has topped £98 ($122.58) for the Continue Reading
Russia Is Weaponizing Food Supplies in Ukraine, Europe Says
Homes destroyed by Russian shelling in Slovyansk, eastern Ukraine, in early June. Fighting continued on Tuesday in the streets of Severodonetsk, the city in the Luhansk region of eastern Ukraine Continue Reading
IEA’s Birol says harsh and long winter could trigger European energy shortage
Europe could face energy shortages next winter after Russia’s invasion of Ukraine has deepened the region’s energy crisis, the head of the International Energy Agency (IEA), Fatih Birol, warned on Continue Reading
Cut Taxes Before Economy Grinds to a Halt, OECD Warns UK
The UK economy will expand at the second-fastest rate among the G-7 advanced nations before sinking to the bottom of the pack, the OECD forecasts. Photographer: Mary Turner/Bloomberg Sign up Continue Reading
Russia, Turkey Hold Talks on Safe Passage for Ukraine’s Grain
Russian Foreign Minister Sergei Lavrov began talks with Turkish officials on Wednesday toward a possible deal to create a sea lane to export grain from Ukraine as a part of Continue Reading
Russia Could Replicate Iran’s Strategy To Skirt Oil Sanctions
The EU’s ban on Russian oil imports by sea could impact as much as 75% of Russia’s crude oil delivery to the bloc. Russia is looking to skirt sanctions by Continue Reading
EU Sanctions on Russia Oil Will Sustain Inflationary Pressures
The EU’s sixth sanctions package on Russia, combined with existing plans, implies an end to over 90 percent of Russian oil sales to the EU by the end of 2022. Continue Reading
Oil prices stable as market juggles risk sentiment with tight supplies
Oil prices were stable on Tuesday as the market balanced risk sentiment with supply concerns and the prospect of higher demand as China relaxes its COVID curbs. Brent crude futures Continue Reading
Oil Eases Off of Three-Month High as Russian Crude Heads to Asia
Oil at Three-Month High as Saudi Raises Prices for Asia Oil slipped as rising volumes of Russian crude headed to Asia countered bullish sentiment spurred by Saudi Arabia’s bigger-than expected Continue Reading
Rising Oil Cost and High Demand for Gas Keep Pump Prices Surging
The cost of a barrel of oil is nearing $120, nearly double from last August, as increased oil demand outpaces the tight global supply. Meanwhile, domestic gasoline demand rose last Continue Reading