EU slashes 10% of Russian imports with new sweeping sanctions

EU bans Russian coal in first hit to energy imports Existing coal contracts must be terminated by start of August EU also bans imports of Russian chemicals, vodka, caviar Exports of technology, jet fuel to Russia banned More oligarchs, Putin’s daughters face asset freezes April 8 (Reuters) – The European Union on Friday formally adopted … Read more

Global stocks rebound but set for weekly loss

LONDON, April 8 (Reuters) – European shares rebounded on Friday but world stocks were still on track for their first weekly loss in four as the prospect of aggressive global rate hikes and geopolitical risks rattled investors. Global risk appetite declined during the week as minutes from the Federal Reserve and European Central Bank showed … Read more

Stocks rally late, 10-yr U.S. Treasury yield touches 3-yr high

US stocks end higher 10-year Treasury yield rises Investors still digesting Fed signals NEW YORK, April 7 (Reuters) – Stock indexes mostly rose on Thursday as investors snapped up beaten-down shares, while the US dollar climbed to its highest in nearly two years and the US Treasury 10-year yield touched a three-year high following hawkish … Read more

Oil falls on uncertainty over Russia sanctions, China demand

A gas pump is seen hanging from the ceiling at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo Register now for FREE unlimited access to Reuters.com Register April 7 (Reuters) – Oil prices fell $2 after rising earlier in the session on Thursday amid uncertainty that the eurozone will be able to … Read more

Breaking ranks with EU, Hungary says ready to pay for Russian gas in roubles

Russia has demanded gas payments in rubles EU Commission has asked countries to stick to original contracts Hungary says EU has no role to play in bilateral contracts EU under pressure to increase sanctions against Russia BUDAPEST/LONDON, April 6 (Reuters) – Hungary said on Wednesday it was prepared to pay rubles for Russian gas, breaking … Read more

Ukraine says four civilians killed at aid distribution point, east under heavy fire

Rescuers evacuate a person from a residential building damaged by a military strike, as Russia’s attack on Ukraine continues, is seen in Lysychansk, Luhansk region, Ukraine in this handout picture released March 30, 2022. Press service of the State Emergency Service of Ukraine/ Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register … Read more

Exclusive: China state refiners shun new Russian oil trades

Sinopec, CNOOC, PetroChina, Sinochem refrain from new purchases Worries about sanctions keep state firms at bay Some independent refiners continue ESPO crude imports SINGAPORE, April 6 (Reuters) – China’s state refiners are honoring existing Russian oil contracts but avoiding new ones despite steep discounts, heeding Beijing’s call for caution as western sanctions mount against Russia … Read more

Big Oil to tell Congress markets, not companies, set fuel prices-testimony

Gasoline drips out of a nozzle held by a gas station mechanic in Somerville, Massachusetts, US, March 7, 2022. REUTERS/Brian Snyder/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 5 (Reuters) – US oil executives will tell Congress on Wednesday they are boosting energy output and no one company sets the … Read more

Russian forces pound key cities as West prepares new sanctions

US, EU set to ban new investment in Russia Zelenskiy says Bucha killings demand punishment Ukraine reports attacks in south and east LVIV, Ukraine, April 6 (Reuters) – Russian artillery pounded the Ukrainian cities of Mariupol and Kharkiv on Wednesday as the West prepared more sanctions against Moscow in response to civilian killings that Kyiv … Read more

Oil dips as coronavirus worries offset more Russia sanctions

Storage tanks are seen at the Petroineos Ineos petrol refinery in Lavera, France, March 29, 2022. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com Register China extends lockdown in Shanghai EU and US plan more sanctions on Russia for alleged war crimes IEA still discussing how much oil to release from stockpiles Upcoming … Read more