UK Oil Windfall Tax Prompts BP to Review Investment Plans
Windfall Taxes Will Raise Price of Crude, Analyst Sen Says BP Plc said it will look again at its plans in the UK, raising questions about whether a £5 billion Continue Reading
Britons’ Disposable Income Falling by Most Since 2008, Asda Says
UK’s Sunak Set to Unveil Cost of Living Support UK households’ disposable income has fallen by the most since 2008, according to grocer Asda Group Ltd. , underlining the extent Continue Reading
Novak Sees Russia Oil Output Shrinking 8%
Russian Deputy PM Novak sees crude oil production fall by around 8% in 2022. Novak: The total oil output of the country this year could be between 480 and 500 Continue Reading
Spain Initiates Energy Austerity With Air Conditioning Limits
Spain passed a decree this week limiting the use of air conditioning in public buildings as part of a strategy to conserve energy and reduce Europe’s dependence on Russian gas. Continue Reading
Here’s How Russian Crude Is Finding Its Way To Customers
Small tankers and ship-to-ship transfers are being used to keep the flow of Russian oil to China steady, Bloomberg reported this week, citing sources from the brokering industry. Typically, the Continue Reading
Russia and Iran discuss swapping supplies for oil and gas, goods logistics
Russia and Iran have discussed swapping supplies for oil and gas as well as setting up a logistics hub, Russian Deputy Prime Minister Alexander Novak said on Wednesday, as Moscow Continue Reading
Iranian-Russian ‘Oil Smuggling’ Network Hit With U.S. Sanctions
Washington has imposed sanctions on an oil smuggling network led by figures connected to Iran’s Revolutionary Guards and allegedly backed by the Russian government. “Today, the U.S. is sanctioning an Continue Reading
India to continue buying ‘cheap’ Russian oil, discount to be finalised – source
India will continue to buy “cheap oil” from Russia but has not finalised terms of the discount, a senior government official familiar with the matter said on Wednesday. “We will Continue Reading
Ukraine’s embattled farmers running on empty as world faces food crisis
After making it through the spring planting season, sometimes with the help of bulletproof vests and helmets, Ukraine’s farmers are facing another challenge – finding enough diesel for the harvest Continue Reading
EU cracks widen over Ukraine as Italy, Hungary urge truce
taly and Hungary have urged the EU to call explicitly for a ceasefire in Ukraine and peace talks with Russia, putting themselves at odds with other member states determined to Continue Reading