International

Inflation in Germany rose at its fastest pace in four decades, data published Thursday (28 April) showed, as Russia’s invasion of Ukraine pushed up energy prices. Consumer prices were 7.4% higher in April compared to a year ago, according to the federal statistics agency Destatis. In March, the corresponding figure …

Greece has vowed to help neighboring Bulgaria after Russia decided to cut off its gas supply. Prime Minister Kyriakos Mitsotakis spoke to his Bulgarian counterpart Kiril Petkov over the phone on Wednesday morning, according to a statement from his office. “During their discussion, the prime minister stated that Greece will …

Russia yesterday said that it had destroyed Western-supplied weapons in Ukraine, while it halted gas supplies to EU and NATO members Poland and Bulgaria in a move that Brussels branded attempted blackmail. With the conflict that has claimed thousands of lives entering its third month, Ukraine conceded that Russian forces …

The world’s largest international oil firms are expected to book a combined $34 billion in net profits for the first quarter—the largest in more than a decade—but Big Oil will also book asset impairments of the same amount over their decisions to stop Russian operations. Exxon, Chevron, Shell, BP, and …

Iraq collectively grossed more than 10 billion dollars from oil sales in March 2022, according to a survey by the state oil marketer, SOMO. Crude oil exports amounted to 100,579,612 barrels, yielding 10,913,197 dollars, SOMO survey said. Exports from oilfields in Mid and south Iraq amounted to 99,130,677 barrels, while …

Asia is still snapping up cheap Russian oil that European buyers don’t want. Seaborne exports of the nation’s crude rebounded in the seven days to April 22. One-fifth of the volume shipped from ports on the Black Sea, Baltic and Arctic coasts is on tankers showing no final destination, with …

A group of lawmakers from all political groups in the European Parliament has urged Germany to impose an embargo on Russian energy imports amid rumors that the EU would slap its sixth sanctions package later this week, according to a news report on Monday. In a letter dated Saturday and …

The authorities in Norway have arrested 20 activists who used small boats to keep a Russian oil tanker from unloading off Copenhagen on Monday. The activists, joining a Greenpeace action, had chained themselves to the Hong Kong-registered Ust Luga oil tanker before being removed by police, Norway’s Aftenposten daily newspaper …

Algeria will continue gas supply to Spain despite a diplomatic row with Madrid over Western Sahara, the country’s president said on Saturday. “We assure the Spanish friends, the Spanish people that Algeria will never abandon its commitment to supply Spain with gas under any circumstances,” Tebboune said in an interview …

The Netherlands has a plan to end all purchases of Russian crude oil and natural gas by the end of the year, Dutch Prime Minister Mark Rutte told journalists at a weekly press conference on Friday. The Netherlands is one of the European countries that has increased the amount of …