The US Treasury issued rough compliance guidelines on Friday for its proposed cap on the price of Russian oil, focusing on the documentation needed by the private sector to comply with the program. The guidance, issued by the Treasury’s Office of Foreign Assets Control, gives private companies the task of enforcing the cap by seeking …
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The European Union faces an unprecedented energy crisis and is seeking ways to curb soaring prices with the Commission proposing a number of measures that member states will debate. The EU energy market is designed, demand is met by the cheapest power plants up until the most expensive power plants. The most expensive power plant …
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Iraqi Foreign Minister Hoshyar Zebari briefly walked out Thursday of an Arab League ministerial meeting held in Libya to protest against Moammar Gadhafi’s declared support for Saddam Hussein loyalists, delegates said. They said Zebari stormed out after he told his Arab peers that his government was angry over public comments by Gadhafi pledging support to …
Crude futures soared 4% on Friday as fears of supply halts intensified. Russia has threatened to cut its energy supply to Europe if price caps on its oil and gas are introduced. Prices were also supported by OPEC+’s decision to cut output in October, as well as a decline in United States oil rigs …
UN sounds gravest alarm yet on fighting around Ukraine nuclear plant Shelling destroyed power infrastructure in the Ukrainian city of Enerhodar where staff operating the Russian-held Zaporizhzhia nuclear power plant live, posing a growing threat to the plant, the UN nuclear watchdog said on Friday. The plant’s offsite power lines, vital lines of defence against …
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U.S. Secretary of State Antony Blinken insisted Friday that Iran’s latest proposal in the framework of negotiations to restore the nuclear deal “takes steps backwards” in returning to the pact. “We are not willing to accept an agreement that does not meet our basic requirements and continually tries to introduce extraneous demands that are not …
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BRUSSELS, Sept 7 (Reuters) – The European Union’s executive proposed on Wednesday capping the price of Russian gas imports, among a series of emergency measures designed to limit consumers’ energy bills. European Commission President Ursula von der Leyen outlined five proposals she said could immediately affect “astronomical” prices. Energy ministers from the bloc’s 27 …
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The prices of oil futures increased on Friday, as traders showed concerns over the possible cuts in the global supply of crude as the Western countries continued to pressure Russia with sanctions. The energy crisis has been raging in Europe as a result of Russia’s decision to halt its gas supplies to the European Union. …
Continue reading “Putin Threatens To Halt All Gas To Europe If Prices Are Capped”
U.S. stock futures were pointing Friday to a third day of gains, as investors bet that tough talk from Federal Reserve officials now won’t prevent a pivot down the road. Futures on the Dow Jones Industrial Average YM00, 0.85% rose 228 points, or 0.7%, to 32089. Futures on the S&P 500 ES00, 0.92% gained 30.5 …
LONDON/SYDNEY, Sept 9 (Reuters) – The euro rose back above parity to a two-week high against the dollar on Friday following a large rate hike and hawkish comments from the European Central Bank, while a weaker dollar helped world stocks rise to a one-week high. The euro was plotting 1.5% gains for the week after …
Continue reading “Euro leaps parity on ECB, world stocks hit one-week high”