Russian oil price cap could push up world prices – Russia’s Novak says:

A model of 3D-printed oil barrels is seen in front of the displayed stock chart going down in this image, taken Dec. 1, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia, where the law limits coverage of Russian military operations in Ukraine MOSCOW, June … Read more

Germany warns possible price ceilings for Russian oil far from close – sources

Industrial facilities of PCK Oil Refinery are pictured in Schwedt/Oder. The company receives crude oil from Russia through the ‘Friendship’ pipeline, Germany, May 9, 2022. REUTERS/Hannibal Hanschke Register now for FREE unlimited access to Reuters.com Register BRUSSELS, June 30 (Reuters) – Germany and other European Union governments expressed caution over price caps for Russian oil … Read more

EXCLUSIVE EU approaches compromise to deadlock with Russia over Kaliningrad. to exorcise

Kaliningrad is dependent on rail and road through Lithuania Clinging to sanctioned cargo angers Moscow EU seeks compromise with Lithuania to resume normal trade VILNIUS/BRUSSELS, June 29 (Reuters) – Trade via Lithuania to the Russian exclave of Kaliningrad could return to normal within days, two sources familiar with the matter said, as European officials push … Read more

Oil price rises for fourth day due to supply concerns

An employee uses a gas pump at a gas station of Brazilian oil company Petrobras in Brasilia, Brazil, March 7, 2022. REUTERS/Adriano Machado/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register OPEC, OPEC+ begin two days of policy meetings US inventories fall as refineries pick up activity US crude production hits high … Read more

June heat wave in Tokyo worst since 1875, power supply cracks under pressure

TOKYO, June 28 (Reuters) – Japan baked in scorching temperatures for the fourth straight day on Tuesday, as heat in the capital broke nearly 150-year-old records for June and authorities warned power supply remained tight enough to face the specter of budget cuts. increase. The heat wave comes less than two weeks before a national … Read more

Shares soar higher as China eases quarantine rules

A man in a protective mask walks past an electronic board with charts (top) of the Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022 during the coronavirus (COVID-19) outbreak. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 28 (Reuters) – Asian stocks rose in positive territory … Read more

Macron tells Biden UAE and Saudi Arabia can barely increase oil production

GARMISCH-PARTENKIRCHEN, Germany, June 27 (Reuters) – Two top OPEC oil producers, Saudi Arabia and the United Arab Emirates, can barely increase oil production, French President Emmanuel Macron said Monday the UAE president had told him. Saudi Arabia and the UAE are seen as the only two countries in the Organization of Petroleum Exporting Countries (OPEC) … Read more

Oil prices soar ahead of G7 talks on new Russian sanctions

Crude oil storage tanks are seen at the Kinder Morgan terminal in Sherwood Park, near Edmonton, Alberta, Canada, Nov. 14, 2016. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register LONDON, June 27 (Reuters) – Oil prices rose during a volatile session Monday as investors waited for any moves against Russian oil and … Read more

Ecuador cuts petrol prices in last concession to protesters

QUITO, June 26 (Reuters) – Ecuadorian President Guillermo Lasso said Sunday he would cut gasoline and diesel prices by 10 cents a gallon, the latest concession to try to end nearly two weeks of anti-government protests that at least six people have died. The sometimes violent demonstrations by largely indigenous protesters demanding, among other things, … Read more