Russia takes control of the Sakhalin gas project and increases its stakes with the West

Putin signed a decree on Thursday to guarantee all rights Five-page executive order follows tougher Western sanctions This decision increases the risks for Western companies still in Russia Shell was already in talks to sell its stake in Sakhalin TOKYO/LONDON, July 1 (Reuters) – President Vladimir Putin has upped the ante in an economic war … Read more

Column: The Global Economic Cycle Begins to Slow: Kemp

An aerial view shows containers and cargo ships at the port of Qingdao in Shandong province, China May 9, 2022. China Daily via REUTERS Join now for FREE unlimited access to Reuters.com Register LONDON, June 30 (Reuters) – Global manufacturing activity and freight movements have started to slow as major economies slump under the combined … Read more

H1 markets: The almost perfect storm

MSCI global stocks fell the most in the first half since the index was created Deutsche Bank estimates worst for Treasuries since 1788 Commodity bulls lifted oil 50% and gas 60% Yen Takes Blows as Dollar Rises High LONDON, June 30 (Reuters) – Investors knew that after two years of COVID-19 chaos, 2022 would be … Read more

Column: The Oil Market Faces U.S. and European Policymakers with Unpleasant Choices: Kemp

LONDON, June 29 (Reuters) – With global inventories steadily falling and spare capacity eroding, the oil market looks like a geological fault line in which stress is quietly accumulating and will eventually be eased by an earthquake. to an as yet unknown magnitude. The most likely stress relief will come from a deceleration in oil … Read more

Asian stocks lose gains made on shorter Chinese quarantine as recession fears linger

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, looks at an electronic chart displaying Japan’s Nikkei Index outside a brokerage in Tokyo, Japan, on 7 March 2022. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register TOKYO, June 29 (Reuters) – Asian stock markets fell on Wednesday, extending Wall … Read more

Stocks Extend Bear Market Rebound as Inflation Anxiety Eases

MILAN/TOKYO, June 27 (Reuters) – Global stocks extended their rebound on Monday, building on Wall Street’s strong close on Friday, as off-peak oil prices helped improve sentiment and temper fears of prolonged inflation. Strong morning gains in Europe and a rally in Asian markets after China further eased COVID-19 restrictions lifted MSCI’s benchmark index for … Read more

Breakingviews: Germany’s gas action plan fires its shots

Pressure gauges are seen at Zsana’s storage site in Zsana, Hungary, May 20, 2022. REUTERS/Bernadett Szabo Join now for FREE unlimited access to Reuters.com Register LONDON, June 24 (Reuters Breakingviews) – Germany is facing a sudden acceleration of its gas crisis. A 60% drop in Russian supplies since early June threatens to plunge Europe’s largest … Read more

US plans to lift summer smog rules to lower gas prices

WASHINGTON, June 23 (Reuters) – U.S. Energy Secretary Jennifer Granholm has expressed interest in a possible lifting of anti-smog gasoline regulations and backed out of a plan to ban fuel exports in an emergency meeting Thursday with major refiners, two sources familiar with the talks said. The two sides entered the meeting with a promise … Read more

Germany triggers gas alert phase and accuses Russia of “economic attack”

Pipes from the landing facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany March 8, 2022. REUTERS/Hannibal Hanschke//File Photo Join now for FREE unlimited access to Reuters.com Register The West and Russia in an energy stalemate since the invasion of Ukraine German minister warns of ‘difficult road’ ahead Minister does not … Read more

US refiners urge White House not to ban fuel exports – sources

Cargo shipping containers are seen in a storage yard surrounded by oil storage tanks and oil refineries in Carson, California, United States, March 11, 2022. Picture taken March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan Join now for FREE unlimited access to Reuters.com Register June 22 (Reuters) – U.S. refiners will try to … Read more