Britain to borrow big again to ease energy shock

Truss sets out plan on third day in office Household bills to be capped at 2,500 pounds To provide liquidity to the energy market with BoE Moratorium on fracking dropped LONDON, Sept 8 (Reuters) – Britain’s new leader, Liz Truss, on Thursday capped soaring consumer energy bills for two years to cushion the economic shock … Read more

Ukraine halted oil flows to Europe over payment issue, Russia’s Transneft says

The receiver station of the Druzhba oil pipeline between Hungary and Russia is seen at the Hungarian MOL Group’s Danube Refinery in Szazhalombatta, Hungary, May 18, 2022. REUTERS/Bernadett Szabo/File Photo Register now for FREE unlimited access to Reuters.com Register Ukraine pipeline operator was paid but money returned – Transneft Shipments halted since Aug. 4 Slovakia, … Read more

Exclusive: US weighs possible resumption of offensive arms sales to Saudis

WASHINGTON/RIYADH, July 11 (Reuters) – The Biden administration is discussing the possible lifting of its ban on US sales of offensive weapons to Saudi Arabia, but any final decision is expected to hinge on whether Riyadh makes progress toward ending the war in neighboring Yemen, according to four people familiar with the matter. Senior Saudi … Read more

Why India ramped up Russian oil imports, easing pressure on Moscow

India’s Russian oil imports since Ukraine war soar New Delhi feels it lost out when Iranian sanctions are imposed Wants to buy cheap oil, partly because China is doing the same Officials reassure state, private refiners on purchases US pressure fails to sway Modi, Russia remains key ally NEW DELHI, July 8 (Reuters) – Since … Read more

Why Russian oil price cap is easier said than done

Model of petrol pump is seen in front of EU and Russian flag colors in this illustration taken March 25, 2022. REUTERS / Dado Ruvic / Illustration / File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 28 (Reuters) – G7 leaders have agreed to study possible price caps on Russian … Read more