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EU cashing in on cheap Russian oil – The Economist

The supply of Russian oil to the European Union rose by 14% between January and April, from 750,000 to 857,000 barrels per day, The Economist reported on Wednesday, citing data by Argus Media. This comes as Brussels has been calling to completely stop energy imports from the country. According to the …

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China eyes cheap Russian energy – media

Beijing is in discussions with Moscow to buy additional oil supplies, Bloomberg reported this week, citing people with knowledge of the plan. China is seeking to replenish its storage tanks with discounted Russian crude before prices rise again, they said. According to the sources, who asked not to be named, …

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Cheap alternative to Russian gas found – Bulgaria

Bulgaria has reached a deal to buy liquefied natural gas (LNG) from the US, the country’s government said in a statement on Wednesday. The agreement was reached during a meeting between Bulgarian Prime Minister Kiril Petkov and US Vice President Kamala Harris. Deliveries will begin in June, and, according to …

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India strives to cash in on cheap Russian crude – media

Indian refining giant Reliance Industries has shelved plans for repair operations at the world’s biggest oil refining complex as the company is striving to churn out more oil products since the margins on them have recently surged to three-year highs, Bloomberg reports. The company has been purchasing discounted cargoes of …

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Wind power becoming too cheap to support itself

The cost of wind power has recently dropped to levels that allow a challenge to such fossil fuels as coal and natural gas, thanks to an enormous investment boom in green energy. “What we’ve clearly achieved is that wind power is now cheaper than anything else. But I believe we …

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‘Cheap stunts?’ Pro-censorship activists lay body bags outside Facebook office, claim platform spreading deadly ‘disinformation’

Blue body bags lined the curb outside Facebook’s office in Washington, DC on Wednesday, each bearing a sticker depicting Facebook’s ‘thumbs-up’ logo and the text “disinfo kills.” The protest was staged by a group calling itself The Real Facebook Oversight Board (RFOB), which was launched in response to Facebook establishing …

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