Oil firms on tight supply though EU ban on Russian oil still uncertain

A flame burns from a tower at Vankorskoye oil field owned by Rosneft company north of the Russian Siberian city of Krasnoyarsk March 25, 2015. REUTERS/Sergei Karpukhin/File Photo Register now for FREE unlimited access to Reuters.com register May 26 (Reuters) – Oil prices rose on Thursday, extending a cautious rally this week on signs of … Read more

Russia ready to set up corridor for ships leaving Ukraine with food, with conditions

Ukrainian corn is pictured inside a silo at the Romanian Black Sea port of Constanta, Romania, April 28, 2022. Inquam Photos/Daniel Stoenciu via REUTERS Register now for FREE unlimited access to Reuters.com register The solution to food problem requires vast approach – Moscow This includes lifting of some sanctions from Russia – Moscow Moscow is … Read more

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

Food crisis fuels fears of protectionism compounding shortages

DAVOS, Switzerland, May 24 (Reuters) – A growing world food crisis is precipitating protectionist moves by countries which are likely to compound the problem and could lead to a wider trade war, business leaders and policymakers at the World Economic Forum said. In a sign of the escalating squeeze on food supplies and rising prices, … Read more

Stocks slump on growth concerns, bond yields slip

Stocks slide on bearish earnings, economic data China talks stimulus, but economic damage already done Euro near 4-week high as Lagarde flags July rate hike NEW YORK/LONDON, May 24 (Reuters) – Shares slid worldwide on Tuesday as supply chain woes and surging costs hurt corporate earnings and slowed manufacturing output, while Treasury yields dipped as … 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

Oil gains on tight supply as U.S. driving season looms

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/File Photo Register now for FREE unlimited access to Reuters.com register LONDON, May 23 (Reuters) – Oil prices rose slightly on Monday, supported by … Read more

Germany is keen to pursue gas projects with Senegal, says Scholz on first African tour

DAKAR/BERLIN, May 22 (Reuters) – Germany wants to intensively pursue gas and renewable energy projects with Senegal, Chancellor Olaf Scholz said on Sunday during his first trip to Africa, against the backdrop of the war in Ukraine and its impact on energy and food prices. Scholz kicked off the three-day tour in Senegal, which has … Read more

Ukraine says it holds off latest Russian assault in east

Russian mine clearers sweeping captured Azovstal plant Ukraine says its forces repel latest Russian assault on Sievierodonetsk Russia forces control largely unbroken swathe of east and south KYIV/MARIUPOL, May 23 (Reuters) – Ukraine said on Monday it had held off the latest assault on an eastern city that has become the main target of Moscow’s … Read more

New York airports can no longer overcharge travellers for food, drink

travel 23 May, 2022 03:10 AM2 minutes to read Airport Cap: Passengers at JFK can no longer be charged more than 10 per cent ‘street value’ for food and drink. Photo / 123RF In a groundbreaking move New York’s Port authorities have sided with passengers, putting a cap on the cost of airport food and … Read more