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Food prices soar to record levels on Ukraine war disruptions

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ROME ITALY: Prices for food commodities like grains and vegetable oils reached their highest levels. Everlast month largely because of Russia’s war in Ukraine...

Europe agrees to ban Russian coal but struggles with oil, gas

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The European Union nations have agreed to ban Russian coal the first sanctions on the vital energy industry over the war in Ukraine. But...

Congress votes to suspend Russia’s trade status, enact an oil ban

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WASHINGTON USA: Congress voted overwhelmingly to suspend normal trade relations with Russia and ban the importation of its oil. Ratcheting up the U.S. response...

Asia’s US$350bil gas projects intensify the clean energy debate.

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SINGAPORE: Asia is pumping billions of dollars into new gas infrastructure. Making the region pivotal in a debate over the role of fossil fuels...

Guyana OKs Exxon’s $10B Yellowtail offshore oil project.

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GEORGETOWN, Guyana: Guyana’s government has granted permission for U.S. supermajor ExxonMobil to develop a fourth offshore oil and gas field. The company said it...

Ukraine accuses Russia of the massacre, a city strewn with bodies.

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BUCHA, Ukraine: Bodies with bound hands, close-range gunshot wounds, and signs of torture lay scattered in a city on the outskirts of Kyiv. After...

European inflation soars to a record 7.5% on fuel, food costs.

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LONDON: Inflation in Europe soared to another record, according to new EU figures released in a fresh sign. That rising energy prices fueled by...

Poland to end Russian oil imports; Germany warns on gas.

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WARSAW, Poland: Poland announced steps to end all Russian oil imports by year’s end. While Germany issued a warning about natural gas levels and...

Activists stage global climate protest, slam Ukraine war.

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Berlin Germany: Climate activists staged the 10th series of worldwide protests. To demand that leaders take stronger action against global warming. With some linking...

Ukraine war drives the US, EU deal to undercut Russian energy

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BRUSSELS: With stunning speed, Russia’s war in Ukraine is driving Western Europe into the outstretched arms of the United States again. Especially apparent when...

Putin wants ‘unfriendly countries’ to pay rubles for gas.

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MOSCOW Russia: President Vladimir Putin announced that Russia will demand that “unfriendly″ countries pay for Russian natural gas exports only in rubles from now...