Kiev would be more receptive to appeals from the US and other Western allies to quit attacking Russian oil infrastructure if those benefactors would boost their military aid, Ukraine’s top diplomat has revealed. Foreign Minister Dmitry Kuleba offered his suggestion for how the West can earn Ukraine’s cooperation in a …
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The Israel-Hamas conflict, characterized as a ‘black swan event’ in the oil market, holds the potential to propel oil prices to $150 per barrel. This possibility is rooted in the specter of regional entanglement, particularly involving Iran. Apprehensions surround Iran’s potential support for Hamas through advanced weaponry, further escalating the …
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Electricity prices in the EU’s day-ahead spot markets have surged to new highs on Friday amid rising energy demand and lower gas flows from Russia. According to European Power Exchange data, day-ahead electricity prices in France, Belgium and Germany showed the largest growth. Prices in Europe’s largest economy, Germany, rose …
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The US will bear high gasoline prices for as long as needed, President Joe Biden said on Thursday during a news conference at the NATO summit in Madrid. When asked how long American motorists should expect to deal with high fuel prices, Biden told reporters “As long as it takes, …
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Gas prices in the EU will remain high for several more years, Russia’s vice-premier and former energy minister, Aleksander Novak said on Friday, warning of serious problems across Europe when the autumn-winter period starts. Speaking at the St. Petersburg International Economic Forum, he said that the bloc needs to pump another …
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Food price inflation in the UK is expected to peak at up to 15% this summer, according to the latest report released by a grocery research body. It warned that the record-high prices would linger on for another year. In its latest report, the Institute of Grocery Distribution (IGD) said …
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Prices for natural gas in Europe surged on Wednesday after Russian energy giant Gazprom announced plans for further cuts to supply volumes via the Nord Stream pipeline. Futures on the Netherlands-based TTF trading hub climbed over $1,300 per 1,000 cubic meters, marking a surge of nearly 25%. Earlier this week, …
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US gasoline prices set a new all-time high on Tuesday, with the national average price for regular unleaded gas rising to $5.016 per gallon, data from the American Automobile Association (AAA), which tracks prices at more than 60,000 gas stations across the country, shows. The highest prices have traditionally been …
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Fuel prices in the UK have risen to new highs, according to data tracked by the roadside assistance company the RAC. The average price of diesel has jumped to a record 190.92 pence per liter, while gasoline has reached 185.04 pence.RAC calculations show that filling up a 55-liter family car …
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Soaring fuel prices in the US have added thousands of dollars to farmers’ costs this year, according to Ty Higgins, a spokesman for the Ohio Department of Agriculture. He told Russia’s RIA Novosti news agency this week that record-high diesel prices have resulted in the cost of sowing crops to double. …
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