LONDON (Reuters) – The London Metal Exchange (LME) took emergency measures to halt trading in nickel on Tuesday as prices doubled to more than $100,000 a tonne. The surge was blamed on short-covering by one of the world’s top producers as Western sanctions squeezed Russia, a major nickel producer. Traders said some holders of nickel …
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WASHINGTON (Reuters) – U.S. President Joe Biden announced a ban on Russian oil and other energy imports on Tuesday in retaliation for the invasion of Ukraine, underscoring strong bipartisan support for a move that he acknowledged would drive up U.S. energy prices. “We’re banning all imports of Russian oil and gas energy,” Biden told reporters …
Shell Plc will phase out all purchases of Russian oil and gas, with an immediate halt to crude deals on the short-term market, making a dramatic U-turn in response to international opprobrium over its dealings with the country. “We are acutely aware that our decision last week to purchase a cargo of Russian crude oil” …
HONG KONG (Reuters) – Hong Kong reported more than 43,000 new coronavirus infections on Tuesday, a day after the launch of an online self reporting platform which lets residents register their own rapid antigen tests results. NN: Do not be so sure this plague is over….. or that it will be like the flue……. None …
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https://youtu.be/eSIpGreQdOM As demand for COVID-19 vaccines collapses in many areas of the U.S., states are scrambling to use stockpiles of doses before they expire and have to be added to the millions that have already gone to waste. From some of the least vaccinated states, like Indiana and North Dakota, to some of the most …
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Hon. Sonya Savage, Minister of Energy, Government of Alberta, speaks at the expansion of the Canadian government-owned Trans Mountain oil pipeline advanced to a new construction stage, in Acheson, Alberta, Canada December 3, 2019. REUTERS/Candace Elliott/Files HOUSTON, March 6 (Reuters) – Alberta, Canada’s main oil-producing region, can help alleviate the global oil supply crunch caused …
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Key points: U.S., European allies discuss banning imports of Russian oil Iranian nuclear talks clouded by Russian demands Brent, WTI jump to record highs set in 2008 U.S. gasoline, heating oil surpass 2008 all-time highs Oil prices soared more than 6%, touching their highest since 2008 on Monday after the United States and European allies …
Continue reading “Oil spikes to 2008 highs as U.S., Europe mull Russian oil import ban”
SYDNEY — Oil prices soared more than 10% in hectic trading on Monday as the risk of a U.S. and European ban on Russian product and delays in Iranian talks triggered what was shaping up as a major stagflationary shock for world markets. The euro extended its slide, hitting parity against the safe haven Swiss …
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(Reuters) – Ukrainian engineers scrambled on Sunday to repair a gas pipeline damaged by Russian forces, halting supplies to parts of southeastern Ukraine, the Donetsk region governor Pavlo Kyrylenko said. Engineers had shut down the pipe to prevent gas from leaking, he said, adding that gas flow downstream was now dropping and would stop completely …
Continue reading “Gas pipeline in eastern Ukraine damaged by Russian fighting, local governor says”
US Secretary of State Antony Blinken on Sunday dismissed as “irrelevant” Russian demands for guarantees that new sanctions linked to Ukraine will not affect Moscow’s rights under a reworked Iran nuclear deal. With the parties to the Iran agreement, which the US abandoned in 2018, now seemingly close to a new accord, Blinken rejected fresh …
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