The Food and Drug Administration on Tuesday authorized a second booster dose of the Pfizer-BioNTech and the Moderna Covid-19 vaccines for adults ages 50 and older. People are eligible to get the additional dose at least four months after receiving their first booster, the FDA said in a statement. Dr. Rochelle Walensky, director of the …
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Transneft, the Russian oil pipeline operator, has informed local oil companies that it would be capping the intake of yet-to-be-sold crude because of full storage as buyers in the West shun Russian oil, Reuters reported on Tuesday, quoting sources with knowledge of the plan. While Russian oil flows are not currently embargoed in Europe, many …
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https://youtu.be/rG4spR9ySBw Several Russia-owned tankers have been idle at sea for more than a week along European and North American coasts as countries have either banned imports of Russian oil or Russian vessels docking at their ports, all this while many traders and buyers refuse to deal with Russian crude. As many as nine mid-sized vessels, …
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The effects of the war in Ukraine are already being felt across the world, from rocking world energy markets to spurring a growing refugee crisis in Europe. But the conflict could have more ripple effects, including sparking a global food crisis. Russia and Ukraine account for roughly 30 percent of global wheat exports, while Russia …
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The almost 59 per cent rise in international oil prices in 2021 due to the strong economic recovery and the additional increase of over 24 per cent in the last two months caused by the geopolitical conflict in Ukraine should jolt the government to reform its fuel subsidy policy to maintain prudent fiscal management and …
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Wealthy Russians are putting their money into Middle Eastern real estate to avoid sanctions from the West amid Russia’s ongoing military assault on Ukraine. Real estate companies are selling multiple properties to Russians every day in Turkey and the United Arab Emirates (UAE). Gul Gul, co-founder of the Golden Sign real estate company in Istanbul, …
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Prices of crude oil dropped further in the red on Monday, plunging almost 9% amid demand worries prompted by the COVID-19 lockdowns in China. China is the world’s largest oil importer, and its second-largest oil consumer. West Texas Intermediate and Brent for May deliveries both plummeted 8.88% at 3:43 pm ET, selling for $103.13 and …
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OPEC+ will meet Thursday amid the war in Ukraine and associated sanctions, which have sharply reduced Russian crude oil and petroleum products exports. But the meeting of the oil cartel and its allies will likely only result in a continuation of monthly 400,000 barrels per day quota increases, less than half of which is matched …
NEW YORK (Reuters) – U.S. oil exports have climbed following Russia’s invasion of Ukraine, and barrels of domestic oil that would typically go to the Cushing, Oklahoma, storage hub are instead being exported via the Gulf Coast, traders said. The invasion threw the oil market into disarray, as companies stopped buying Russian oil and prices …
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German Foreign Minister Annalena Baerbock remarked on Monday it would be impossible for the European Union to ban all of Russia’s energy products from its market immediately despite the bloc’s opposition to Moscow’s military intervention in Ukraine. Speaking to reporters after the meeting with her counterparts from the bloc, Baerbock said the EU must take …
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