Tag Archives: russia

Everybody in the US and beyond is talking about the yield curve inversion. At one point yesterday the yield on the 2-year Treasury briefly traded above that of the 10-year. Historically, such an inversion has been an accurate predictor of a recession, typically within two years.Though these inversions in the …

Russian President Vladimir Putin and German Chancellor Olaf Scholz held talks on Wednesday, reported Russian state media, and agreed to hold talks between experts on the potential for ruble payments for Russian gas payments.The call comes ahead of a 31 March deadline set by Putin for Gazprom and the Russian …

Oil prices reversed their heavy losses, rising more than 2 percent on Wednesday as supply tightened and prospects of new Western sanctions against Russia increased, despite signs of progress in peace talks between Moscow and Kiev. Brent crude futures rose $2.48, or 2.3 percent, to $112.71 a barrel by 1003 …

Oil prices fell on Tuesday, extending the previous day’s losses after Russia described peace talks with Ukraine as constructive, and China’s new shutdown to curb the spread of the coronavirus hit fuel demand. Brent crude fell 2% to end the day at $110.23 a barrel, while US West Texas Intermediate …

The American Petroleum Institute (API) estimated that there was a draw this week for crude oil of 3.0 million barrels, compared to analyst predictions of a 1.558 million barrel draw. US crude inventories have shed 80 million barrels since the start of 2021 and about 23 million barrels since the …

Wally Adeyemo, the US Deputy Treasury Secretary, said firms could “choose to help Russia” in its invasion of Ukraine or “continue to do business with the 30 countries” that have imposed sanctions.He said Ukraine’s allies were committed to issuing more sanctions. He also warned Russian oligarchs “we’re going to come …

The Russian Defense Ministry said on Tuesday that it would scale down military activity in Kyiv and Chernihiv in order to create conditions for dialogue, reported Reuters, correcting an earlier headline where they had claimed that Russia said it would “stop” military activity in the area. The Russian Defense Ministry …

The U.S., Europe and Japan have called on oil-producing nations to do more to tackle record-high prices amid the war in Ukraine and ongoing supply shortages. On Monday, OPEC+ group was reportedly expected to stick to the May oil output plan increase plan at the March 31 meeting as several …

Russian Foreign Minister Sergei Lavrov said that Russia and China relations are at their strongest ever, as Western countries seek to isolate Moscow with unprecedented sanctions over the Ukraine crisis. Beijing has repeatedly expressed its opposition to the sanctions, insisting it will maintain normal economic and trade relations with Russia, …

Oil prices fell more than $5 on Monday as concerns grew about slowing fuel demand in China after authorities in the country’s financial hub Shanghai said they would implement a two-stage shutdown to contain an increase in coronavirus cases. Brent crude futures fell to $115.32 and fell $5.15, or 4.3 …