Oil prices could spike in winter, Yellen says

Oil prices could spike in winter, Yellen says

US Treasury Secretary Janet Yellen holds a news conference in the Cash Room at the US Treasury Department in Washington, US July 28, 2022. REUTERS/Jonathan Ernst/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 11 (Reuters) – US Treasury Secretary Janet Yellen on Sunday said Americans could experience a spike in … Read more

Ukrainian forces bear down on Russian supply lines after breakthrough

Ukrainian forces bear down on Russian supply lines after breakthrough

Register now for FREE unlimited access to Reuters.com Register Zelenskiy says forces have recaptured towns and villages Blinken visits Kyiv with new US aid package KYIV, Sept 9 (Reuters) – Swiftly advancing Ukrainian troops were bearing down on the main railway supplying Russian forces in the east on Friday, after the collapse of a section … Read more

US Wants Risk Premium Removed From Russian Oil Price Cap

US Wants Risk Premium Removed From Russian Oil Price Cap

The price for Russian crude oil under a cap discussed by the G7 should exclude a risk premium resulting from the war in Ukraine, the US Treasury Department said today, adding that the cap should reflect a fair market value. The G7 agreed to impose a price cap on Russian crude oil exports last Friday, … Read more

Oil Prices Fall More Than 3% As G7 Discusses Price Cap For Russian Crude

Oil Prices Fall More Than 3% As G7 Discusses Price Cap For Russian Crude

Oil is down over 3.2% on Thursday, while a pending G7 deal to cap Russian oil prices being discussed Friday could reverse that trend with Moscow now stating that it will retaliate by refusing to sell oil. Russia has finally come out and openly declared that price caps on its oil would be costly to … Read more

The West Rushes To Curb Russian Oil Revenue Without Increasing Prices

The West Rushes To Curb Russian Oil Revenue Without Increasing Prices

The United States, the EU, and G7 are already shunning and banning Russia’s oil in the wake of the Russian invasion of Ukraine. But the West has failed to limit the most significant contribution to Vladimir Putin’s war chest—oil revenues. The US and the EU, plus the G7 partners the UK, Canada, and Japan, are … Read more

Missile kills 10 in Odesa after Ukraine retakes Snake Island

Missile kills 10 in Odesa after Ukraine retakes Snake Island

Russia calls Snake Island exit a ‘gesture of goodwill’ Donbas situation more precarious for Ukraine Russian missile hit apartment building in port of Odesa KYIV, July 1 (Reuters) – A Russian missile strike in Ukraine’s southern port of Odesa early on Friday killed at least 10 people, a regional official said, a day after Ukraine … Read more

The ‘Big Package’: How Russia was driven to default

The ‘Big Package’: How Russia was driven to default

European Commission President Ursula von der Leyen arrives for the European Union leaders summit, as EU’s leaders attempt to agree on Russian oil sanctions in response to Russia’s invasion of Ukraine, in Brussels, Belgium May 30, 2022. REUTERS/Johanna Geron//File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 27 (Reuters) – Russia’s … Read more

G7 leaders to discuss Iran nuclear talks revival, French official says

G7 leaders to discuss Iran nuclear talks revival, French official says

German Chancellor Olaf Scholz, US President Joe Biden, British Prime Minister Boris Johnson, Japan’s Prime Minister Fumio Kishida, European Commission President Ursula von der Leyen, European Council President Charles Michel, Italy’s Prime Minister Mario Draghi, Canada’s Prime Minister Justin Trudeau and France’s President Emmanuel Macron attends a round table for their first working session of … Read more

Canada says G20 cannot function with Russia at the table

Canada says G20 cannot function with Russia at the table

Candian Foreign Minister Chrystia Freeland speaks to journalists outside the US Trade Representative’s office in Washington, US, August 28, 2018. REUTERS/Chris Wattie/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 22 (Reuters) – Canada’s Finance Minister Chrystia Freeland on Friday said that it was impossible to collaborate with Russia in the … Read more