Economy & Business

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EU will face supply shortages after Russian oil ban – Bloomberg

EU will face supply shortages after Russian oil ban – Bloomberg

The EU may face challenges in finding alternative sources to replace Russian refined...

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Germans told they’re using too much gas

Germans told they’re using too much gas

Germany’s energy watchdog has urged consumers to cut natural gas consumption to...

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EU agrees on new price caps for Russian oil

EU agrees on new price caps for Russian oil

The EU is attempting to cap the price of diesel and fuel oil imported from Russia...

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Sanctions on Russian oil not working – analysts

Sanctions on Russian oil not working – analysts

Western sanctions imposed on Russian oil have proven to be a complete failure, CNBC...

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Türkiye and UAE told to cut trade ties with Russia – Bloomberg

Türkiye and UAE told to cut trade ties with Russia – Bloomberg

The US has told Türkiye and the UAE to cut the flow of goods to Russia to make sanctions...

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Russia ramps up global food exports

Russia ramps up global food exports

Russian food supplies to foreign markets have continued to grow despite Western...

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EU sanctions trigger global oil supply warning

EU sanctions trigger global oil supply warning

The looming EU ban on imports of Russian refined oil products may tighten global...

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Türkiye to demand insurance for Russian diesel tankers

Türkiye to demand insurance for Russian diesel tankers

Türkiye will demand valid insurance for ships carrying oil products from Russia...

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Türkiye to demand insurance for tankers carrying Russian diesel

Türkiye to demand insurance for tankers carrying Russian...

Türkiye will demand valid insurance for ships carrying oil products from Russia...

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Central bank gold buying soars to 55-year high

Central bank gold buying soars to 55-year high

Gold buying accelerated in 2022, with demand the highest in over a decade, the World...

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China ramps up fuel oil imports blended from Russian crude – media

China ramps up fuel oil imports blended from Russian crude...

Chinese independent refineries are reportedly boosting imports of discounted fuel...

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Switzerland addresses potential energy shortfall

Switzerland addresses potential energy shortfall

Bern has ordered new gas reserves to be established amid fears of a possible shortfall...

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Serbia and Bulgaria launch construction of new gas pipeline

Serbia and Bulgaria launch construction of new gas pipeline

Belgrade and Sofia have started building a new gas interconnector pipeline in order...

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British energy giant reports highest-ever profit

British energy giant reports highest-ever profit

Oil major Shell’s annual profits more than doubled in 2022 as a result of surging...

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India and Russia should build oil tankers – diplomat

India and Russia should build oil tankers – diplomat

New Delhi wants to build oil tankers and set up insurance companies with Russia,...

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EU country to export diesel made from Russian oil to Ukraine

EU country to export diesel made from Russian oil to Ukraine

Bulgaria will continue exports of diesel derived from Russian crude to Ukraine after...