https://youtu.be/FsqNDbCuy_o Kremlin spokesman Dmitry Peskov said on Sunday that Russia is likely to extend its requirement of payments in rubles from gas to other exported goods. Peskov also warned that the sanctions against Russia could result in “the erosion of confidence in the dollar and the euro” and prompt other countries to “work out options …
Continue reading “Peskov: Russia to seek payments in rubles for more goods”
https://youtu.be/Pxhz-ATYFkU (Bloomberg) — Oil prices have fallen to levels that don’t reflect the risk of disruptions to Russian exports or the ability of China to keep the coronavirus pandemic under control, according to the world’s biggest independent crude trader. While Brent surged to almost $140 a barrel soon after Russia’s attack on Ukraine in late …
Continue reading “Oil Prices Don’t Fully Reflect Russian Supply Risks, Vitol Says”
LONDON (AP) — The prevalence of COVID-19 in the U.K. has reached record levels, with about 1 in 13 people estimated to be infected with the virus in the past week, according to the latest figures from Britain’s official statistics agency. Some 4.9 million people were estimated to have the coronavirus in the week ending …
BRUSSELS – Leaders of the European Union (EU) member-states expressed readiness to introduce new tough sanctions against Russia and Belarus, the European Council said in its statement released on Friday. “The European Union has so far adopted significant sanctions that are having a massive impact on Russia and Belarus, and remains ready to close loopholes …
Continue reading “EU readies new Russia sanctions – Gentiloni”
https://youtu.be/9lt_VVCMIKs LONDON, April 1 (Reuters) – Russia’s Gazprom said on Friday it was quitting its business in Germany at a moment of crisis in the vital energy ties between the two countries in the wake of Russia’s invasion of Ukraine. The gas giant gave no details or explanation of its decision to terminate its participation …
Continue reading “Russia’s Gazprom exits German business amid crisis in energy ties”
The unprecedented decision by Biden to release 180 million barrels of oil from the country’s strategic petroleum reserve over the next six months has sent oil prices below $100. While plenty of upside risks remain, oil prices are on course to see their largest weekly decline in two years. As you can see by the …
Continue reading “Biden’s SPR Release Sends Oil Prices Below $100”
Europe continued to receive Russian natural gas via pipelines on Friday, even after Vladimir Putin threatened European countries that Moscow would cut off gas flows unless buyers complied with Russia’s gas-for-rubles-only demand. Gas flows via two of the three main pipelines from Russia to Europe—Nord Stream 1 to Germany and one through Ukraine and Slovakia—continued …
Continue reading “Russian Gas Flows To Europe Even After Putin’s Gas-For-Rubles Deadline”
New York (CNN Business)The International Energy Agency announced Friday following an emergency meeting that its member countries will release additional oil from emergency reserves to cushion the blow caused by Russia’s invasion of Ukraine. However, the IEA did not disclose key details on the size and timing of this additional emergency action, which would be …
Continue reading “IEA states agree on coordinated oil release but not volumes”
The U.S. economy added 431,000 jobs in March and the unemployment rate fell to 3.6%, according to data released by the Bureau of Labor Statistics on Friday. This number represents a decline from February, which saw an increase of a newly revised figure of 750,000 jobs, recently adjusted by 72,000 from the originally reported 678,000. …
Continue reading “US unemployment rate down to 3.6% in March”
FRANKFURT (Reuters) – Russia accounted for 39.5% of crude oil imports into Germany in January, official data showed on Friday, underlining the big role Moscow plays in raw materials deliveries to Europe’s biggest economy. Import volumes in January rose 8.5% over a year earlier amid recovery from the COVID-19 pandemic while the bill was up …
Continue reading “Russia accounts for nearly 40% of German January oil imports -data”