The US dollar edged higher on Friday while other safe-haven and commodity-linked currencies declined, after Russian President Vladimir Putin said there had been some progress in talks between Moscow and Ukraine.Putin said in a meeting with his Belarusian counterpart Alexander Lukashenko that there had been “certain positive shifts” in negotiations …
Read More »Russian President Putin Says There Are Positive Shifts in Talks With Ukraine
Commenting on the latest talks with Ukraine, “there are certain positive shifts, negotiators on our side tell me,” Russian President Vladimir Putin said in a meeting with his Belarusian counterpart Alexander Lukashenko on Friday, as reported by Reuters. Putin refrained from sharing any additional details on the matter.
Read More »Russia’s Natural Gas Too Big To Sanction
Russia’s wealth of commodities seems too big to sanction. Russia’s vast energy exports have been subject to unprecedented sanctions imposed by the Western nations in response to the invasion of Ukraine. In 2020, Russia produced 638.5 billion cubic meters of natural gas, decreasing the volume by approximately 40.5 billion cubic …
Read More »White House Warns: Another High Reading In February Inflation Report
The White House is bracing for a new inflation report coming out Thursday that it expects will show continued high prices for Americans. The consumer price index, a key report indicating inflation in the US, will be released by the Bureau of Labour Statistics at 8:30 a.m. ET Thursday. Last …
Read More »WTI Drops Over Zelensky’s Compromise Statements
Front-month WTI futures saw a sharp, sudden drop in recent trade, falling from the $116/barrel area to print daily lows in the $104/barrel area in a matter of minutes, before recovering to around $110 once more where it now trades down over $14 on the day. Ukrainian President Volodymyr Zelenskyy …
Read More »How Much Oil Does The U.S. Get From Russia
Today, President Biden will sign an Executive Order to ban the import of Russian oil, liquefied natural gas, and coal to the United States – a significant action with widespread bipartisan support that will further deprive President Putin of the economic resources he uses to continue his needless war. The …
Read More »EU announces new sanctions on Belarussian banks
The EU announced on Wednesday that it is to restrict the provision of SWIFT services to major Belarussian banks, including Belagroprombank, Bank Dabrabyt, and the Development Bank of the Republic of Belarus, as well as their Belarusian subsidiaries, reported Reuters. The EU will also prohibit transactions with the Central Bank …
Read More »Oil Continues to Rise After The US Ban on Russian Imports
Oil prices rose on Wednesday amid fears of a potential supply shock after the United States banned Russian oil imports and amid signs that some buyers are already avoiding them. Brent crude futures rose $2.91, or 2.27 percent, to $130.89 a barrel, after jumping 3.9 percent the previous day. US …
Read More »Britain announces new aviation sanctions against Russia
Britain unveiled Wednesday, March 9, new sanctions against Russia in the aviation sector, giving it the authority to seize any Russian aircraft and banning the export of aerospace-related products to Russia. Britain will also tighten its ban on Russian planes to criminalize their flying or landing in Britain. The State …
Read More »Oil continues to rise after the US ban on Russian imports
Oil prices rose on Wednesday amid fears of a potential supply shock after the United States banned Russian oil imports and amid signs that some buyers are already avoiding them. Brent crude futures rose $2.91, or 2.27 percent, to $130.89 a barrel, after jumping 3.9 percent the previous day. US …
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