Oil steadies after choppy trade, U.S. says export ban not ruled out

A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, US June 9, 2016. REUTERS/Richard Carson Register now for FREE unlimited access to Reuters.com register Washington has not ruled out export curbs to ease fuel prices Beijing ramps up … Read more

EU oil embargo ‘in days’ as Ukraine isolation drives Russia closer to China

EU faces criticism for being too slow to act on Russian energy Russia sees economic ties with China growing Eastern Donbas remains focus of battlefield action LVIV, Ukraine/BERLIN, May 24 (Reuters) – The European Union will likely agree an embargo on Russian oil imports “within days,” according to its biggest member Germany, as Moscow said … Read more

Ukraine rules out ceasefire as fighting intensifies in Donbas

Ukraine rules out ceasefire, concessions Russia launches assault in Luhansk Russia stops Finland gas flows over payment dispute Polish president in Ukraine to address parliament Sunday May 22 (Reuters) – Ukraine ruled out a ceasefire or concessions to Moscow while Russia intensified an offensive in the eastern Donbas region and stopped providing gas to Finland, … Read more

Biden, South Korea’s Yoon vow to deter North Korea but offer COVID aid

SEOUL, May 21 (Reuters) – President Joe Biden and his new South Korean counterpart agreed on Saturday to hold bigger military drills and deploy more US weapons if necessary to deter North Korea, while offering to send COVID-19 vaccines and potentially meet Kim Jong Un. Biden and Yoon Suk-yeol said their countries’ decades-old alliance needed … Read more

Germany and Italy approved Russian gas payments after nod from Brussels – sources

A model of the natural gas pipeline is seen in front of displayed word EU and Russia flag colors in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com register Some EU states refuse to comply with Russian payment demands Others approve Russian payments after talks with EU … Read more

Russia to halt gas flows to Finland on Saturday

A model of the natural gas pipeline is seen in front of displayed Finnish and Russian flag colors in this illustration taken April 26, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com register HELSINKI, May 20 (Reuters) – Russia’s Gazprom (GAZP.MM) has informed Finland it will halt flows of natural gas from … Read more

Tesla removed from S&P 500 ESG Index, prompting Musk fury

May 18 (Reuters) – S&P Dow Jones Indices has removed electric carmaker Tesla Inc (TSLA.O) from its widely-followed S&P 500 ESG Index (.SPXESUP), citing issues, including racial discrimination claims and crashes linked to its autopilot vehicles, a move that prompted harsh tweets from Tesla CEO Elon Musk on Wednesday. The back-and-forth underscores the widening debate … Read more

EU says legal Russian gas payments possible, warns against rouble accounts

A pressure gauge is pictured at a Ukrainian gas compressor station in the village of Boyarka near the capital Kiev January 20, 2009. REUTERS/Konstantin Chernichkin Register now for FREE unlimited access to Reuters.com register BRUSSELS, May 17 (Reuters) – The European Commission said on Tuesday opening accounts in rubles at a Russian bank to pay … Read more

EU ministers urge Hungary to sign up to planned Russian oil embargo

Lithuanian Foreign Minister Gabrielius Landsbergis listens during a news conference in Vilnius, Lithuania March 18, 2022. REUTERS/Janis Laizans/File Photo Register now for FREE unlimited access to Reuters.com register Hungary singled out as obstacle to deal Budapest says no acceptable proposal yet from Brussels May 30-31 summit could be last-ditch attempt Oil embargo could last for … Read more

Exclusive: India’s Reliance to acquire dozens of brands in $6.5 billion consumer goods play

Customers buy grocery items inside a superstore of Reliance Industries Ltd, in Mumbai, India, October 7, 2020. REUTERS/Niharika Kulkarni/File Photo Register now for FREE unlimited access to Reuters.com register India retail giant plans big push in consumer goods business Reliance in late-stage talks with 30 brands for deals-source Indian firm is hiring distributors, executives for … Read more