(LONDON) – Global oil prices fell by more than US$1 (£0.75) per barrel on Friday despite continuing tensions between the United States and Iran, as crude supplies continued moving through key maritime chokepoints. According to Reuters, Brent crude futures fell by US$1.03 (£0.77), or 1.2 per cent, to US$88.00 (£65.85)Continue Reading
(KYIV, UKRAINE) – The National Bank of Ukraine has set the official exchange rate for Monday 3 August, showing the US dollar losing ground against the hryvnia while the euro held completely flat. The dollar will stand at UAH 44.63, down 6 kopiyok from the previous rate of UAH 44.69Continue Reading
(LONDON, UK) – Oil prices rose sharply on global markets after military action involving the United States and Saudi Arabia in Iraq and reports that ballistic missiles launched by Iran towards United States forces in the Middle East were intercepted. Concerns over regional security and tighter crude supplies also supportedContinue Reading
(KYIV, UKRAINE) – Apple Inc has become the second company in history to reach a market capitalisation of USD 5 trillion. The shares of the iPhone maker rose 1.8 percent to USD 342.89 on Tuesday, pushing the company’s value above the threshold for the first time. The stock has sinceContinue Reading
(NEW DELHI) – Discounts on Russian Urals crude oil sold to India have shrunk to just $1 to $2 per barrel against the Brent benchmark this week, a sharp shift from early July when cargoes were trading at discounts of more than $10 per barrel, three trade sources told Reuters.Continue Reading
(MOSCOW, RUSSIA) – Russia’s wealthiest individuals are rapidly reshaping their investment holdings, moving money into cryptocurrency, foreign property and private investment funds as the country’s stock market extends a historic decline. The assessment comes from Ukraine’s Foreign Intelligence Service, which reported that the Russian stock market has been falling forContinue Reading
(NOVOROSSIYSK, RUSSIA) – The Caspian Pipeline Consortium has restarted oil loading operations at its marine terminal in the port of Novorossiysk. The move allows Kazakh oil producers to resume full export flows through the Black Sea route. Kazakhstan’s Energy Ministry confirmed on Monday that two tankers, Seamajesty and Milos, wereContinue Reading
(KYIV, UKRAINE) – The Ukrainian government is working with international partners on a package of measures to protect export logistics as daily Russian attacks on critical infrastructure threaten to disrupt transport links and weaken the country’s economic stability. President Volodymyr Zelensky said separately that the state is updating its grainContinue Reading
(KYIV, UKRAINE) – Ukraine is scrambling to protect its agricultural export lifeline after a sharp rise in Russian attacks on port infrastructure and foreign cargo ships cut seaborne shipments by 30 percent in July. The escalation has killed at least 21 people, forced major shipping lines to suspend calls, andContinue Reading
(LONDON, UK) – The price of Brent crude oil climbed above $100 per barrel for the first time since May, driven by fears that the widening conflict in the Middle East could choke a vital export route for Saudi Arabian oil. Brent, the global benchmark, jumped more than 6 percentContinue Reading
