White House Desperate To Make New Oil Deals As Gas Prices Crush Biden

White House Desperate To Make New Oil Deals As Gas Prices Crush Biden There are two schools of thought when it comes to the stagflation crisis:  Those that think inflation in...

Exclusive: India considers allowing some exports of raw sugar

By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI/MUMBAI - India is considering allowing mills to ship out stocks of raw sugar that have piled up in ports and warehouses, trade and government...

Analysis-Argentina's economic crisis whack-a-mole goes into overdrive

By Walter Bianchi BUENOS AIRES - Argentina's economic alarm bells are ringing loudly with fears of a global recession and spiraling inflation stoking investor fears over possible defaults, missed...

Britain's Johnson: We're working on getting Ukraine's grain out

SCHLOSS ELMAU, Germany - G7 leaders are working on finding a way of letting Ukraine export its grain, British Prime Minister Boris Johnson said on Tuesday. "We're working on it, we're all working...

Northern Ireland post-Brexit 'protocol' hurting some, a boon others

By Amanda Ferguson and Clodagh Kilcoyne BALLYMENA, Northern Ireland - Irwin Armstrong, a former chair of Boris Johnson's Conservative Party in Northern Ireland, has a simple message for the...

Rouble weakens as Russia slips into sovereign default zone

MOSCOW - The rouble weakened in volatile Moscow trade on Monday as Russia looked set for its first sovereign default in decades after a payment deadline expired before some bondholders had...

Why Chinese Imports Of U.S. LNG Collapsed

U.S. LNG sales to China have dwindled to just a few cargoes shipped so far this year. European buyers are snapping up cargos from the United States in a race to replace Russian pipeline...

The Link Between Soaring Food Prices & Political Instability

The Link Between Soaring Food Prices & Political Instability The Russian war in Ukraine has had immediate repercussions for global food markets given the countries’ role as major...

Turkey halts lending to FX-rich firms in latest clampdown

ISTANBUL -Turkey on Friday restricted lending to many companies with more than $1 million in foreign currency cash, the latest step to reverse a tumbling foreign-exchange rate by squeezing banks...

Summer Preview: Rolling Blackouts, Higher Gas Prices, Natural Gas Rationing In Europe And A Historic Diesel Crisis

Summer Preview: Rolling Blackouts, Higher Gas Prices, Natural Gas Rationing In Europe And A Historic Diesel Crisis Authored by Michael Snyder via The Economic Collapse blog, Almost...

Analysis: Up-ended global LNG markets deepen Australia's power woes

By Sonali Paul MELBOURNE - Top liquefied natural gas exporter Australia is in the depths of a power crunch just as traditional buyers are scrambling to meet shortfalls of Russian gas and winter...

Romanian port struggles to handle flow of Ukrainian grain

CONSTANTA, Romania (AP) — With Ukraine's seaports blockaded or captured by Russian forces, neighboring Romania's Black Sea port of Constanta has emerged as a main conduit for the war-torn...

Russia’s ruble hit its strongest level in 7 years despite massive sanctions. Here’s why

Russia's ruble hit 52.3 to the dollar on Wednesday, its strongest level since May 2015. Russia's central bank is actively taking measures to try to weaken the ruble. The bank fears that the strong...

UK announces new tranche of trade sanctions against Russia

LONDON -Britain introduced a new tranche of trade sanctions against Russia on Thursday, a notice published on the government website said. The 'Notice to Exporters' listed new measures including...

Russia's ruble is at its strongest level in 7 years despite massive sanctions. Here's why

Russia's ruble hit 52.3 to the dollar on Wednesday, its strongest level since May 2015. The ruble has gotten so strong that Russia's central bank is actively taking measures to try to weaken it....

U.S. recession fears darken outlook for Japan, global factories

By Leika Kihara TOKYO - Japan's factory activity growth slowed to a four-month low in June as China's COVID-19 curbs disrupted supply chains, while many other economies in Asia were also facing...

Oil Giants Warn Of Much Higher Prices For The Next 3-5 Years Amid Lack Of Supply

Oil Giants Warn Of Much Higher Prices For The Next 3-5 Years Amid Lack Of Supply It wasn't just the epic confusion unleashed by the Biden admin in the past few days over how to lower...

Russian rouble climbs to strongest in 7 years vs dollar, euro

MOSCOW - The Russian rouble jumped to a seven-year high against the dollar and euro on Moscow Exchange on Tuesday, supported by capital controls and the prospect of favourable month-end tax...

Airbus Calls on West to Avoid Sanctions on Russian Titanium

The world’s largest commercial plane maker is still importing hefty amounts of titanium, which is used to manufacture critical components of its aircraft, from one of Russia’s biggest exporters.

Australia's leading wine authority to close office in China as exports plunge

Once-envied Chinese trade for Australian exporters suffered a blow in 2020. Beijing launched an investigation into allegations of dumping cheap Australian wine in China. There are some early signs...

Surge in U.S. renewable diesel supply won't offset loss of petroleum diesel

By Laura Sanicola - A flood of U.S. renewable diesel plants set to come online in the next three years will not be enough to offset the loss of petroleum diesel refining capacity from plant...

Column-Australia's power crisis will lead to more solar and regulation: Russell

By Clyde Russell LAUNCESTON, Australia - It defies logic that one of the world's biggest exporters of liquefied natural gas (LNG) and coal is struggling to ensure enough domestic supplies to keep...

Why grain can’t get out of Ukraine

A Ukrainian serviceman attends a wheat field on a front line near the city of Soledar in the Donetsk region on June 10. | Anatolli Stepanov/AFP via Getty Images About 20 million tons sit...

How much for gas? Around the world, pain is felt at the pump

COLOGNE, Germany (AP) — At a gas station near the Cologne, Germany, airport, Bernd Mueller watches the digits quickly climb on the pump: 22 euros ($23), 23 euros, 24 euros. The numbers showing how...

Jokowi says rising food prices are dangerous and puts developing nations like Indonesia at risk

Indonesia's President Joko Widodo says the war in Ukraine must end as it is driving up food and energy prices. Jokowi said the war should be resolved through negotiation and dialogue. Despite...

OPEC+ Begins Grappling with Next Move as US Presses for More Oil

-- The oil pact OPEC+ launched at the outset of the pandemic is finally nearing an end, and where the group goes from here is a politically fraught question. By August, the last of the huge...

Rabo: We Are In A Period Of Inverse FX Wars, Where Everyone Needs A Stronger Currency... Real Wars Lean In That...

Rabo: We Are In A Period Of Inverse FX Wars, Where Everyone Needs A Stronger Currency... Real Wars Lean In That Direction By Michael Every of Rabobank Thursday was another crazy day...

Russian truckmaker Kamaz struggles to settle payments due to sanctions, CEO says

- Kamaz, Russia's largest truckmaker, sees its exports stagnating at last year's levels or falling slightly as clients shy away from settling payments with the firm after it was hit by Western...

Biden says new shipping costs law may help tame inflation

WASHINGTON (AP) — President Joe Biden signed legislation Thursday meant to lower the cost of shipping goods across oceans, a move the White House says will help ease logistical costs for retailers...

Russian rouble, stocks push higher

- The Russian rouble and stocks gained on Thursday, as the head of the central bank said the currency would remain free-floating and that capital controls should continue to be relaxed. At 0900...

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