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Oil prices rise as Russian embargo kicks in – BBC News
Oil prices have risen after a new cap on the price of Russian crude, agreed by the G7 group of major economies, came into force. The cap at $60 a barrel is to “prevent Russia from profiting from its war of aggression against Ukraine”. It will stop any Russian crude sold for more than that price from being shipped using G7 and EU tankers, insurance…
Ukraine war: Oil prices rise as cap on Russian crude looms
The G7 and its allies have agreed to limit the price of Russian oil to $60 a barrel. The post Ukraine war: Oil prices rise as cap on Russian crude looms appeared first on Rich TVX News Network.
Cutting energy prices will take years – power boss
The head of energy giant Enel says renewables are key to getting prices back to pre-Ukraine war levels. The post Cutting energy prices will take years – power boss appeared first on Rich TVX News Network. The post Cutting energy prices will take years – power boss appeared first on .
Germany helps pay energy bills as prices soar – BBC News
The German government has promised to pay a monthly gas bill for all households and small businesses in December. They plan on spending around €300 billion ($310 billion; £260 billion) on measures to protect people and industry from rising prices, particularly energy bills. Most Germans have already received a one-time payment of €300. Please subscribe HERE http://bit.ly/1rbfUog #EnergyPricing #Germany #BBCNews
Wheat prices drop as Russia returns to Ukraine grain deal
Moscow announced that it had resumed its participation in the deal which was suspended after an attack on a Russian port last week Wheat futures dropped over 6% on Wednesday after the Russian Defense Ministry announced the country had resumed its participation in the deal on the export of Ukrainian grain via the Black Sea. The value of December wheat futures on the Chicago Exchange…
LNG ships waiting for higher EU prices to unload – Reuters
A glut of tankers are reportedly floating off the Spanish coast as a result of the trading strategy Several ships loaded with liquefied natural gas (LNG) that have been circling off the coast of Spain are likely to stay there until late November, as they wait for European gas prices to go up, Reuters reported on Wednesday, citing industry sources. An LNG tanker traffic jam…
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