OPEC+ will keep oil policy unchanged in review talks, sources say

OPEC+ will keep oil policy unchanged in review talks, sources say

OPEC puts on Saturday for admin discussions No discussions of Russian price cap so far – delegates OPEC+ to hold virtual meeting on Dec. 4 LONDON/DUBAI, Dec 3 (Reuters) – OPEC+ will likely stick to its oil output targets when it meets on Sunday, five OPEC+ sources said on Saturday, a day after the Group … Read more

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

EU proposal would send proceeds of frozen Russian funds to Ukraine

EU proposal would send proceeds of frozen Russian funds to Ukraine

Russia must pay for devastation in Ukraine, von der Leyen says Proposal includes fund to invest Russian cbank liquid assets The assets would be returned to owners once sanctions lifted Frozen funds include $300 bln of Russia’s foreign reserves Moscow says such a move would amount to theft BRUSSELS, Nov 30 (Reuters) – The European … Read more

Overseas Chinese step up protests as calls mount for change

Overseas Chinese step up protests as calls mount for change

TORONTO/HONG KONG, Nov 30 (Reuters) – From Sydney to Toronto, mainland Chinese have stepped up protests this week, with demands to end the world’s most stringent COVID-19 restrictions evolving into calls to “free China” and for President Xi Jinping to step down. Overseas-based Chinese and their supporters rallied in Sydney, Tokyo, Hong Kong, New York … Read more

Cuba says its allies have pledged help to end its economic crisis

Cuba says its allies have pledged help to end its economic crisis

HAVANA, Nov 30 (Reuters) – China, Russia, Algeria and Turkey have pledged to restructure Cuba’s debt, provide new trade and investment financing, and help ease an energy crisis, Cuban President Miguel Diaz-Canel told state-run media following a rare trip abroad last week. Any help would be a blessing for crisis-racked Cuba. The Communist-run country has … Read more

Italy lawmakers call off vote on extending Ukraine arms supplies

Italy lawmakers call off vote on extending Ukraine arms supplies

Govt considers issuing new decree on weapons Arming Ukraine contentious in ruling coalition PM Meloni says peace requires maintaining balance of power ROME, Nov 29 (Reuters) – Italy’s ruling rightist parties on Tuesday withdrew an amendment that would have allowed the government to continue sending weapons to Ukraine throughout 2023, a parliamentary source said, after … Read more

China likely to have 1,500 nuclear warheads by 2035: Pentagon

China likely to have 1,500 nuclear warheads by 2035: Pentagon

WASHINGTON, Nov 29 (Reuters) – China will likely have a stockpile of 1,500 nuclear warheads by 2035 if it continues with its current nuclear buildup pace, according to a report released by the Pentagon on Tuesday. The figure underscores mounting US concerns about China’s intentions for its expanding nuclear arsenal, even though the projections do … Read more

Exclusive: US, Russia have used their military hotline once so far during Ukraine war

Exclusive: US, Russia have used their military hotline once so far during Ukraine war

WASHINGTON, Nov 28 (Reuters) – A communications line created between the militaries of the United States and Russia at the start of Moscow’s war against Ukraine has been used only once so far, a US official told Reuters. The official, who spoke on condition of anonymity, said that the United States initiated a call through … Read more

The yuan’s the new dollar as Russia rides to the redback

The yuan’s the new dollar as Russia rides to the redback

Russia turns to the Chinese currency amid sanctions Moscow becomes No.4 offshore trading center for yuan Yuan’s share of Russian FX market jumps from 1% to 45% Russian central bank supports trend but warns of risks This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW/SHANGHAI, Nov … Read more

Russia’s war on Ukraine latest news: Zelenskiy warns of more Russian attacks

Russia’s war on Ukraine latest news: Zelenskiy warns of more Russian attacks

Nov 28 (Reuters) – President Volodymyr Zelenskiy warned Ukrainians to expect another brutal week of cold and darkness ahead, predicting that Russian attacks on infrastructure would not stop until Moscow runs out of missiles. DIPLOMACY * A communications line created between the militaries of the United States and Russia at the start of Moscow’s war … Read more