Why is the Russian oil price ceiling easier said than done?

A mannequin of a petroleum pump in entrance of the colours of the European Union and Russia flags on this illustration taken on March 25, 2022. REUTERS/Dado Rovich/Illustration/file photograph Register now to get free limitless entry to Reuters.com Register LONDON (Reuters) – G7 leaders have agreed to review potential value ceilings for Russian oil and … Read more

Stocks swing higher as China relaxes quarantine rules

A person sporting a protecting masks, amid the outbreak of the coronavirus illness (COVID-19), walks by way of an digital board displaying charts (high) for the Nikkei index exterior a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now to get free limitless entry to Reuters.com Register HONG KONG (June 28) (Reuters) – … Read more

Contrasting views: Germany’s gas action plan pulls its punches

Strain gauges on the Zsanna storage web site in Zsanna, Hungary, Might 20, 2022. REUTERS/Bernadette Szabo Register now to get free limitless entry to Reuters.com Register LONDON (Reuters) – Germany is dealing with a sudden acceleration in its gasoline disaster. A 60% drop in Russian provides since early June threatens to push Europe’s largest financial … Read more

US weighs lifting summer smog rules to lower gasoline prices

WASHINGTON (Reuters) – U.S. Vitality Secretary Jennifer Granholm expressed curiosity in eradicating smog-fighting gasoline rules and backed away from a plan to ban gasoline exports throughout an emergency assembly on Thursday with main refiners, two sources accustomed to the matter stated. The 2 sides entered the assembly with a promise to work collectively in good … Read more

Germany launches gas warning stage and accuses Russia of ‘economic attack’

Pipes are photographed on the touchdown amenities of the “Nord Stream 1” gasoline pipeline in Lubmen, Germany, March 8, 2022. REUTERS/Hannibal Hanschke // File Picture Register now to get free limitless entry to Reuters.com Register The West and Russia are in an vitality disaster because the invasion of Ukraine German minister warns of a “bumpy … Read more

Swiss interest rate hike has shocked markets on edge ahead of the Bank of Japan

Pedestrians replicate in a window in entrance of a board exhibiting inventory costs on the Australian Inventory Change (ASX) in Sydney, Australia, February 9, 2018. REUTERS/David Grey/File Photograph Register now to get free limitless entry to Reuters.com Register The Swiss Nationwide Financial institution raises 50 foundation factors, the franc rises and the greenback falls Inventory … Read more

Analysis: Market crash exposes Europe’s divisions

Defeat markets give attention to Europe’s Achilles heel The European Central Financial institution’s try to revive confidence that has been curbed by excessive costs Ministers deadlocked over a ten-year plan to assist banks LONDON (Reuters) – A sell-off within the markets introduced again recollections of the euro zone debt disaster greater than a decade in … Read more

Biden meets with Saudi crown prince despite ‘untouchable’ pledge

WASHINGTON, June 14 (Reuters) – US President Joe Biden will meet Saudi Crown Prince Mohammed bin Salman throughout a visit to the Center East in July, a break from his marketing campaign pledge to make the dominion a “pariah” as he struggles to struggle again. Report rise in gasoline costs in the US. Weeks after … Read more

Global stocks near new lows in 2022 amid inflation fears

LONDON (Reuters) – International shares plunged in direction of 2022 lows and the Japanese yen fell to ranges not seen in practically 1 / 4 of a century on Monday as sweltering inflation in the US fueled fears of more durable coverage tightening in a big area. Central Financial institution Week. The considerably higher-than-expected US … Read more

Faced with record inflation, Biden scolds oil companies Exxon for making profits

US President Joe Biden speaks throughout the opening session of the Ninth Summit of the Americas in Los Angeles, California, US, June 9, 2022. REUTERS/Daniel Bisrel Register now to get free limitless entry to Reuters.com Register LOS ANGELES (Reuters) – US President Joe Biden on Friday accused the US oil business and Exxon Mobil Company. … Read more