US intel suggests Iran to supply Russia with ‘hundreds’ of drones for Ukraine war – National

US intel suggests Iran to supply Russia with ‘hundreds’ of drones for Ukraine war – National

The White House on Monday said it believes Russia is turning to Iran to provide it with “hundreds” of unmanned aerial vehicles, including weapons-capable drones, for use in its ongoing invasion of Ukraine. US National Security Adviser Jake Sullivan said it was unclear whether Iran had already provided any of the unmanned systems to Russia, … Read more

Putin warns Russia hasn’t ‘started anything yet’ in Ukraine, war heading to ‘tragedy’ – National

Putin warns Russia hasn’t ‘started anything yet’ in Ukraine, war heading to ‘tragedy’ – National

President Vladimir Putin said on Thursday that Russia had barely gotten started in Ukraine and dared the West to try to defeat it on the battlefield, while insisting that Moscow was still open to the idea of ​​peace talks. In a hawkish speech to parliamentary leaders more than four months into the war, Putin said … Read more

Zelenskyy adviser says key bastion in eastern Ukraine could fall to the Russians – National

Zelenskyy adviser says key bastion in eastern Ukraine could fall to the Russians – National

Fighting intensified at the weekend for Lysychansk, Ukraine’s last big bastion in the strategic eastern province of Luhansk, and an adviser to President Volodymyr Zelenskiy conceded the city could fall. Russian forces seized Lysychansk’s sister city Sievierodonetsk on the opposite side of the Siverskiy Donets river last month, after some of the heaviest fighting of … Read more

Former F1 boss Ecclestone’s shocking claim sparks outrage

Former F1 boss Ecclestone’s shocking claim sparks outrage

United Kingdom, First Published Jun 30, 2022, 3:51 PM IST In a bizarre claim, former Formula One boss Bernie Eccleston has called Russian President Vladimir Putin a ‘first-class person’ and claimed he would ‘take a bullet for him’. In an interview with Good Morning Britain, the 91-year-old was asked whether he still stood by his … Read more

OPEC+ Sees Oil Market Surplus Shrinking To 1 Million Bpd

OPEC+ Sees Oil Market Surplus Shrinking To 1 Million Bpd

OPEC+ is slimming down its projections for an oil market surplus this year, according to a report seen by Reuters. The report, which was prepared ahead of the OPEC+ JTC meeting that will take place on Tuesday, showed that the OPEC+ group now sees the oil market surplus at 1 million bpd this year—down from … Read more

China’s Geopolitical Pivot Could Have Huge Ramifications For Oil

China’s Geopolitical Pivot Could Have Huge Ramifications For Oil

China stated two weeks before Russia invaded Ukraine that “there is ‘no limit’ to how far Russian and Chinese friendship may go” and signed a swathe of huge oil and gas deals shortly thereafter that provided an additional layer of insulation to both countries from any US sanctions in the future. Only a day after … Read more

Russian journalist sells Nobel Peace Prize for $103.5M to support Ukrainian children – National

Russian journalist sells Nobel Peace Prize for 3.5M to support Ukrainian children – National

The Nobel Peace Prize that Russian journalist Dmitry Muratov was auctioning off to raise money for Ukrainian child refugees sold Monday night for $103.5 million, shattering the old record for a Nobel. A spokesperson for Heritage Auctions, which handled the sale, could not confirm the identity of the buyer but said the winning bid was … Read more

Russia’s Gas Deliveries To Europe Plunge Further

Russia’s Gas Deliveries To Europe Plunge Further

Natural gas flows from Russia to Europe continued to dive on Friday, with buyers in Italy, Germany, Austria, and Slovakia receiving much lower volumes than usual. Gas flows to France from Germany have ceased completely. The cut in Russian gas deliveries to European customers, which have agreed to the ruble-to-gas scheme Putin has demanded, is … Read more

Italy May Declare State Of Alert If Russian Gas Cuts Persist

Italy May Declare State Of Alert If Russian Gas Cuts Persist

Italy may declare next week a state of alert if natural gas supplies from Russia continue to be limited, government sources told Reuters on Friday. Before the Russian invasion of Ukraine, Italy sourced around 40% of the gas it uses from Russia. Italy has sought to diversify its gas imports with more supply from North … Read more

Energy Crisis Hits European Factories Where It Hurts

Energy Crisis Hits European Factories Where It Hurts

European commodity producers and manufacturers are reeling from high energy prices, thanks in large part to the Ukraine crisis. Europe’s industrial energy costs have skyrocketed in the wake of Russia’s war on Ukraine, severely denting manufacturers’ ability to compete in the global marketplace, with natural gas three times more expensive in Europe than in the … Read more