For the first time, shipments of Russian oil and gas via Ukraine have been blocked since the start of the Russian invasion of Ukraine. That has resulted in Russian gas flows to Europe via Ukraine decreasing by a quarter on Wednesday after Kyiv stopped the use of a vital transit...

Russian President Vladimir Putin established an international payments working committee, tasked with determining terms for transactions with "unfriendly" countries.   Putin warned in March that Russia, the world's largest natural gas producer, would oblige hostile countries to pay for fuel...

Corporate growth projections for the current quarter and 2022 are mainly dropping as oil and other supply costs rise and interest rates rise, as first-quarter results near their end.   High oil prices have bolstered profit projections for energy companies while raising profit margin concerns...

Tesla signed a long-term contract with Brazilian mining company Vale to supply nickel. It is used in batteries of electric cars. Brazilian mining company Vale has signed a long-term contract with Tesla for the supply of grade 1 nickel (with almost 100% metal content). This is according to a...

The Bank of England raised its benchmark interest rate to 1% from 0.75% per annum at Thursday's meeting, a 13-year high, and maintained its buyback programme from the market, according to a press release from the regulator. The central bank left the volume of asset purchases from the market...

According to data released on Thursday, Turkey's annual inflation hit a two-decade high of 69.97 per cent in April, fueled by the Russia-Ukraine conflict and soaring energy and commodity prices following last year's currency fall.   Just over a year before presidential and parliamentary...

In its heaviest measures yet to penalize Moscow for its invasion of Ukraine, the European Union's chief executive recommended a progressive oil embargo on Russia, as well as penalties on its main bank and a ban on Russian broadcasters from European airwaves, on Wednesday.   If EU...

Liquefied natural gas (LNG) shipments from terminals to Europe's gas transportation system in April 2022 were a record for the month. Gas Infrastructure Europe (GIE) specified that the index was the highest since 2011. This is according to the company's data. In April LNG inflows from terminals...

Because sea routes are restricted, around 4.5 million tons of grain in Ukrainian ports cannot be exported, says Martin Frick, director of the UN World Food Programme's German department. "Right now, over 4.5 million tons of grain are at Ukrainian ports and aboard ships, and they can't be used as...