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Russia is turning to its Far East as one of the alternative ways to export its grain, as Ukrainian strikes disrupt flows from its key Black Sea ports, Agriculture Minister Oksana Lut said.
The summit in New Delhi is taking place against the backdrop of a global economy facing the adverse impacts of the Russia-Ukraine war, the West Asia crisis, especially the blockade of the Strait of Hormuz, and the Trump administration’s trade and tariff policies.
Russia’s production of crude oil shrank in August, lagging further behind its OPEC+ quota, after Ukraine stepped up attacks on the nation’s oil assets.
China and Russia’s negotiations regarding the construction of the Power of Siberia 2 pipeline have stalled, according to multiple sources who have knowledge of the issue, as both sides cannot bridge a big gap over gas price expectations. “China hopes to secure a price comparable to Russia’s subsidised residential rate, around US$50/thousand cubic metres, or at least the domestic industrial rate of about US$120-130/thousand cubic metres,” said one source, who asked for anonymity due to the...
Wheat surged the most in more than a week on signs Russia remains committed to continuing its war in Ukraine, heightening concerns about prolonged disruptions to grain shipments from the Black Sea.
The New Scramble for Africa shifts as China's lending collapses and Russia's Africa Corps absorbs Wagner. Here is what investors must watch now. The post China Slashes Africa Lending 90 Percent as Russia Africa Corps Takes Over Wagner appeared first on The Rio Times.
US retail diesel rose to a record, threatening to further spike energy-driven inflation as wars in Iran and Russia roil the market. The widely used fuel climbed to a nationwide average of $5.85 a gallon at the pump on Thursday, according to the American Automobile Association. Ed Hirs, Energy Fellow at the University of Houston, discusses the record diesel prices and energy outlook ahead of the midterms. (Source: Bloomberg)
US retail diesel rose to a record, threatening to further spike energy-driven inflation as wars in Iran and Russia roil the market.
Russia’s oil revenue slumped to a six-month low in August, reflecting lower export prices and compounding pressure on the Kremlin’s ability to finance its war in Ukraine.
Norway had seized a Russian ship in the Arctic to enforce a US$4.22 billion compensation claim won by Ukrainian energy firm Naftogaz over Moscow’s seizure of its assets when Russia annexed Crimea in 2014, officials said late on Wednesday. The vessel, the Professor Molchanov, was seized off the Norwegian Arctic archipelago of Svalbard, according to Covington, the US law firm representing Naftogaz. The Russian state news agency TASS quoted a Foreign Ministry spokesperson as saying the Norwegian...