“We are not your enemies,” said South Korean truck drivers who are on strike to protect the minimum wage

AUWANG, South Korea, Dec. 5 (Reuters) – Inside five white tents outside the Uwang Container Depot near Seoul, about 200 striking truck drivers are huddled around gas heaters, trying to beat the bitter cold and the government says they are well-paid. “The labor aristocracy…” They are all fully aware of the impact their strike has … Read more

The global oil market points to short-term weakness ahead of the EU embargo on Russian oil

NEW YORK (Reuters) – The global oil market is signaling a possible turnaround, as traders and analysts worry about lower demand for crude and an oversupply market in the coming months. After months of strength, crude oil futures are tipping to lows not seen all year as top oil consumer China enters additional COVID-19 lockdowns … Read more

Zelensky says investigators documented more than 400 Russian war crimes in Kherson

War crimes exposed after Russian withdrawal from Zelensky Kherson residents recount abuses committed by Russian forces Demining of Kherson and energy recovery underway Fighting rages in Donetsk and eastern Luhansk regions Kherson, Ukraine (Reuters) – Ukrainian President Volodymyr Zelensky has accused Russian soldiers of committing war crimes and killing civilians in Kherson, parts of which … Read more

Venezuela’s Oil Partners Head to Exit, Ditching Unpaid Debt

CABIMAS, Venezuela, Oct 27 (Reuters) – Venezuela is allowing joint venture partners of state oil company PDVSA to leave — by selling or giving back their shares to others — as long as they default on past debts and unpaid profits, closing four people. He said for the matter. Having to take a loss or … Read more

Western officials finalize Russia’s plans to cap oil prices

WASHINGTON (Reuters) – US and Western officials are finalizing plans to put a cap on Russian oil prices amid a warning from the World Bank that any plan would need the active participation of emerging market economies to be effective. Officials said no price range has been set yet, but someone familiar with the process … Read more

Saudi energy minister says Saudi Arabia is ‘mature young people’ at loggerheads with US

OPEC+ oil production cut led to US-Saudi spat Saudi Arabia and the United States are “steadfast allies” – Minister Big Wall Street’s turnout for the leading Saudi investment summit RIYADH (Reuters) – Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday that Saudi Arabia had decided to be the “mature man” in a row … Read more

Analysis: Poor countries are at risk from elusive G-20 debt relief efforts

LONDON/WASHINGTON (Reuters) – The failure to make concrete progress on debt relief for the world’s poorest countries at the annual meeting of the International Monetary Fund and World Bank in Washington frustrated policymakers, activists and investors. Two years ago, the Group of Twenty launched the Joint Framework – a mechanism designed to provide a rapid … Read more

Druzhba pipeline leak reduces Russian oil flow to Germany

WARSAW (Reuters) – Germany said on Wednesday it was receiving less oil but still had enough supplies after Poland found a leak in the Druzhba pipeline that takes crude from Russia to Europe, which Warsaw said may have resulted from an accident rather than sabotage. The discovery of the spill on the main route carrying … Read more

Brazilian markets have their best day since 2020 as Bolsonaro beats polls

São Paulo (Reuters) – Brazilian markets jumped on Monday as a stronger-than-expected performance by President Jair Bolsonaro and his allies in Congress in the first round of a general election eased concerns about sharp changes in economic policy. The Brazilian currency strengthened more than 4% against the dollar, while the benchmark Bovespa stock index (.BVSP) … Read more

Putin announces verdict on confiscated Ukrainian lands in a letter

Putin will sign the annexation papers on Friday May he attend the Red Square victory party Ukraine and the West say the annexation is an illegal move EU sanctions the United States to follow Ukraine threatens Russian gains on the battlefield LONDON (Reuters) – President Vladimir Putin will sign documents on Friday declaring Russia’s annexation … Read more