OPEC+ maintains firm policy amid weakening economy, Russian oil cap

No discussions about Russian price cap – deputies The oil price is under pressure due to the weak economy Next meetings will take place on February 1 and June 3-4 LONDON/DUBAI, Dec 4 (Reuters) – OPEC+ agreed in a meeting on Sunday to stick to its oil production targets as oil markets struggle to absorb … Read more

OPEC+ will leave oil policy unchanged during review talks, sources say

OPEC met on Saturday for administrative talks No discussions about the Russian price cap so far – deputies OPEC+ to hold virtual meeting on December 4 LONDON/DUBAI, Dec. 3 (Reuters) – OPEC+ is likely to stick to its oil output targets when it meets on Sunday, five OPEC+ sources said on Saturday, a day after … Read more

Russia says it will not accept an oil price cap and is preparing a response

December 3 (Reuters) – Russia “will not accept a price cap on its oil” and is analyzing how to respond, the Kremlin said in comments on Saturday, responding to a deal by Western powers aimed at limiting a key source of funding for its war in Ukraine. Kremlin spokesman Dmitry Peskov said Moscow had made … Read more

EU countries consider lower gas price cap – documents

Countries meet to discuss the gas price cap proposed by the EU Poland, Belgium, others looking for a lower price limit Germany is one of the opponents of gas price caps BRUSSELS, Dec. 2 (Reuters) – European Union countries will on Friday consider a proposal for a gas price cap slightly lower than one from … Read more

World Bank chief says poorest countries owe $62 billion in bilateral debt

WASHINGTON, Dec. 1 (Reuters) – The world’s poorest countries now owe $62 billion in annual debt service to official bilateral creditors, a 35% increase over the past year, World Bank president David Malpass said on Thursday . increase the risk of payment defaults. Malpass told the Reuters NEXT conference in New York that two-thirds of … Read more

South Korea scrambles fighter jets as fighter jets from China and Russia penetrate air defense zone

SEOUL, Nov 30 (Reuters) – The South Korean military said it scrambled warplanes when two Chinese and six Russian warplanes entered the air defense zone on Wednesday. The two Chinese H-6 bombers repeatedly entered and exited the Korea Air Defense Identification Zone (KADIZ) off the south and northeast coasts of South Korea from about 05:50 … Read more

Exclusive: The US and Russia have used their military hotline once so far during the war in Ukraine

WASHINGTON, Nov 28 (Reuters) – A communication line between the militaries of the United States and Russia at the start of Moscow’s war against Ukraine has so far been used only once, a US official told Reuters. The official, who spoke on condition of anonymity, said the United States has issued a call through the … Read more

The yuan is the new dollar as Russia rides to the redback

Russia turns to Chinese currency amid sanctions Moscow becomes No. 4 offshore yuan trading center Yuan’s share of Russian FX market jumps from 1% to 45% Russian central bank supports trend but warns of risks This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW/SHANGHAI, Nov 29 … Read more

Russia’s war on Ukraine latest news: US helps Ukraine restore electricity

Nov 29 (Reuters) – The United States will announce new aid on Tuesday to help Ukraine restore electricity as its population faces another week of brutal cold and darkness after Russian attacks on the power grid caused continued blackouts. DIPLOMACY * A line of communication between the United States military and Russia at the start … Read more

EU fails to reach agreement on Russian oil price cap, diplomats say

BRUSSELS, Nov 28 (Reuters) – European Union governments failed to agree on a price cap for Russian crude oil by sea on Monday, as Poland insisted the cap should be set lower than proposed by the G7 to boost Moscow’s ability to deliver its to finance invasion of Ukraine, diplomats said. “There is no deal. … Read more