Ukraine appears to show ability to strike far inside Russia

Ukraine appears to show ability to strike far inside Russia

Third Russian airfield reported hit in drone strike Ukraine’s Zelenskiy meets troops near eastern front Oil price cap gives G7 leverage on Russia – U.S. official Dec 7 (Reuters) – A third Russian airfield was set ablaze by a drone strike, a day after Ukraine demonstrated an apparent new ability to penetrate hundreds of kilometres … Read more

Oil prices climb after Russian crude sanctions kick in

Oil prices climb after Russian crude sanctions kick in

Oil futures edge higher after falling more than 3% last session G7 price cap on Russian oil kicks in China set to further relax COVID controls Dec 6 (Reuters) – Oil rebounded on Tuesday after plunging by more than 3% in the previous session, as the implementation of sanctions on Russian seaborne crude oil eased … Read more

Drone attacks oil tank at airfield inside Russia – governor

Drone attacks oil tank at airfield inside Russia – governor

Kyiv region facing among the most emergency blackouts U.S. to enlist executives’ help on Ukraine energy assets Moscow: Ukrainian drones attack air bases in Russia, 3 dead KYIV, Dec 6 (Reuters) – A drone attack on an airfield in Russia’s Kursk region set fire to an oil storage tank, a governor said on Tuesday, a … Read more

Oil tankers queue up off Turkey as price cap on Russian crude kicks in – FT

Drone attacks oil tank at airfield inside Russia – governor

Dec 5 (Reuters) – Oil tankers formed a traffic jam off the coast of Turkey on day one of the West’s price cap on Russian crude, with Ankara insisting on new proof of insurance for all vessels, the Financial Times reported on Monday. Around 19 crude oil tankers were waiting to cross Turkish waters on … Read more

BIS warns of $80 trillion of hidden FX swap debt

BIS warns of  trillion of hidden FX swap debt

LONDON, Dec 5 (Reuters) – The Bank for International Settlements (BIS) has warned that pension funds and other ‘non-bank’ financial firms now have more than $80 trillion of hidden, off-balance sheet dollar debt in the form of FX swaps. Dubbed the central bank to the world’s central banks, the BIS raised the concerns in its … Read more

European markets stay cautious after China eases pandemic measures

European markets stay cautious after China eases pandemic measures

LONDON, Dec 5 (Reuters) – European stock indexes opened slightly lower on Monday, finding little support from an easing of China’s domestic pandemic restrictions, after market sentiment was dampened by U.S. jobs data on Friday that raised fears of persistent inflation. Asian shares had been boosted early on Monday by hopes that China taking steps … Read more

G7 begins to press Russia on Ukraine with oil price cap

G7 begins to press Russia on Ukraine with oil price cap

Russia says it will not export oil subject to cap Zelenskiy says price cap will do little to deter Russia Ukrainian regions resort to scheduled blackouts Ukrainian forces holding positions along front line -Zelenskiy Russia says troops conducting successful operations in Bakhmut KYIV, Dec 5 (Reuters) – A Group of Seven (G7) price cap on … Read more

Oil prices climb after OPEC+ keeps output cut targets, China eases COVID curbs

Oil prices climb after Russian crude sanctions kick in

Brent gained 0.8% at 0430 GMT, WTI up 0.9% OPEC+ sticks to plans to cut production by 2 mln bpd More Chinese cities relax COVID-19 restrictions MELBOURNE, Dec 5 (Reuters) – Oil prices rose as much as 2% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and … Read more

OPEC+ keeps steady policy amid weakening economy, Russian oil cap

OPEC+ keeps steady policy amid weakening economy, Russian oil cap

No discussions about Russian price cap – delegates Oil prices have come under pressure from weak economy Next meetings to take place Feb. 1 and June 3-4 LONDON/DUBAI, Dec 4 (Reuters) – OPEC+ agreed to stick to its oil output targets at a meeting on Sunday as the oil markets struggle to assess the impact … Read more

Chinese cities ease curbs but full zero-COVID exit seen some way off

Chinese cities ease curbs but full zero-COVID exit seen some way off

BEIJING, Dec 4 (Reuters) – More Chinese cities including Urumqi in the far west announced an easing of coronavirus curbs on Sunday as China tries to make its zero-COVID policy more targeted and less onerous after unprecedented protests against restrictions last weekend. Urumqi, the capital of the Xinjiang region and where the protests first erupted, … Read more