In an interview with the Guardian newspaper, Ngozi Okonjo-Iweala, Head of the World Trade Organization (WTO), claimed that rise in global food prices due to the situation in Ukraine could cause unrest among hungry people in developing nations. "This year and next, the impact (of the situation in...

A drone targeted an oil refinery in Saudi Arabia's capital, Riyadh, on Thursday, causing a small fire, according to the Saudi news agency SPA, quoting an official from the energy ministry. The attack happened on Thursday morning, according to a ministry official. There were no casualties or...

Norway is exporting gas to Europe at maximum capacity, Prime Minister Jonas Gahr Støre said at a press conference on Tuesday, March 8. He was broadcasted on the government website. "Norway is supplying gas at its maximum capacity," the politician said. It is also noted that now Norway can...

Democratic House Majority Leader Steny Hoyer said a bill to ban Russian oil imports could be introduced this week, Politico reported. "Leaving a meeting of Democratic leaders in the House, Hoyer said a bill to ban Russian oil imports would end up for consideration "this week," the publication's...

The International Monetary Fund and the World Bank are ready to provide financial support to Ukraine. The IMF has opened access to $2.2bn in financing from the beginning of March to the end of June. The World Bank and the International Monetary Fund (IMF) are ready to support Ukraine with $3bn in...

South Korea will consider reselling gas to Europe, the country's foreign ministry said. In addition, the republic is promoting additional release of strategic oil reserves. It is noted that such measures are aimed at stabilizing the international energy market amid the Ukrainian crisis. The South...

The global effort to exchange Covid-19 vaccinations is failing to put more than 300 million doses, indicating that the problem with global vaccination is now more about demand than availability.   Last year, affluent nations snatched up the majority of available vaccines to inoculate their...

The pipeline could be a pressure point? One can expect to see the gas transportation process from Russia to Germany through the “Nord Stream 2 pipeline” getting approval by mid-2022, reported stated one of the banker’s chief executives involved in financing the project.   The above mentioned...

Welsh residents who turn 18 will be receiving £1,600 each a month for two years as part of an experiment in basic income payments. Authorities hope it will help support the most vulnerable population. All Welsh residents who turn 18 within 12 months will be able to take part in the basic income...