EU agrees $60 Russian oil price cap, holdout Poland backs deal

EU agrees  Russian oil price cap, holdout Poland backs deal

Poland backs price cap after seeking extra conditions EU countries to formally approve the deal this weekend G7’s price cap aims to cut Russia’s oil income BRUSSELS, Dec 2 (Reuters) – The European Union on Friday agreed on a $60 per barrel price cap on Russian seaborne crude oil, after holdout Poland gave its support, … Read more

Qatar seals 27-year LNG deal with China as competition heats up

Qatar seals 27-year LNG deal with China as competition heats up

Talks with other Chinese, European buyers ongoing -Kaabi Says buyers may take up to a 5% stake in expansion Says deal signals importance of secure long-term supply DOHA, Nov 21 (Reuters) – QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas in the longest such LNG agreement to date as … Read more

Top Russian official warns of possible nuclear accident at Zaporizhzhia

Top Russian official warns of possible nuclear accident at Zaporizhzhia

LONDON, Nov 21 (Reuters) – The head of Russia’s state-run atomic energy agency, Rosatom, warned on Monday there was a risk of a nuclear accident at the Zaporizhzhia nuclear power plant, Europe’s largest, following renewed shelling over the weekend. Moscow and Kyiv have traded accusations of shelling the facility for months since Russian forces took … Read more

Oil flows on Druzhba pipeline suspended in parts of Eastern Europe

Oil flows on Druzhba pipeline suspended in parts of Eastern Europe

BUDAPEST/PRAGUE, Nov 15 (Reuters) – Oil supply to parts of Eastern and Central Europe via a section of the Druzhba pipeline has been temporarily suspended, according to oil pipeline operators in Hungary and Slovakia. The extent of the disruption was not immediately clear, and came concurrent with an explosion in a village in eastern Poland … Read more

Trucker blockades in Brazil increase in wake of Bolsonaro election defeat

Trucker blockades in Brazil increase in wake of Bolsonaro election defeat

SAO PAULO, Oct 31 (Reuters) – Truckers who support Brazil’s outgoing President Jair Bolsonaro escalated their protests on Monday, blocking roads in 20 states in an action that could affect agricultural exports in one of the world’s top food producers and cause wider economic chaos. Bolsonaro lost Sunday’s election to leftist former President Luiz Inacio … Read more

OPEC+ members line up to endorse output cut after US coercion claim

OPEC+ members line up to endorse output cut after US coercion claim

US claimed more than one OPEC country coerced into cut Iraq Kuwait, other OPEC+ members, stand by decision Saudi defense minister says decision was purely economic CAIRO Oct 16 (Reuters) – OPEC+ member states lined up on Sunday to endorse a steep production cut agreed this month after the White House, stepping up a war … Read more

“60/40” portfolios are facing worst returns in 100 years: BofA

“60/40” portfolios are facing worst returns in 100 years: BofA

LONDON, Oct 14 (Reuters) – Investors with classic “60/40” portfolios are facing the worst returns this year for a century, BofA Global Research said in a note on Friday, noting that bond markets continue to see huge outflows. “2022 (is) a simple tale of “inflation shock” causing “rates shock” which in turn threatening “recession shock” … Read more

Morning Bid: China back for dollar thwack

Morning Bid: China back for dollar thwack

Oct 10 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever The dollar wrecking ball is swinging its way through world markets again, after a solid US jobs report strengthened the view that the Fed will deliver a fourth consecutive 75 basis-point rate hike at its next meeting. Wall Street … Read more

Bond sell-off worst since 1949, Bank of America says

Bond sell-off worst since 1949, Bank of America says

A Bank of America logo is pictured in the Manhattan borough of New York City, New York, US, January 30, 2019. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 23 (Reuters) – Global government bond losses are on course for the worst year since 1949 and investor sentiment has plummeted … Read more

Once-bitten markets are ignoring Putin’s warnings again at their own peril

Once-bitten markets are ignoring Putin’s warnings again at their own peril

Russian President Vladimir Putin delivers a speech during an event marking the 100th foundation anniversary of the republics of Adygea, Kabardino-Balkaria and Karachay-Cherkessia in Moscow, Russia, September 20, 2022. Sputnik/Grigory Sysoev/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 21 (Reuters) – Earlier this year, markets were complacent as Russia … Read more