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Tag Archives: supply

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Global supply of vital edible commodity under threat

Indonesia’s ban on exports of palm oil, the world’s most consumed edible oil, is set to severely exacerbate the already-squeezed supply of cooking oil across the globe. Developing nations are expected to take the biggest blow.The world’s biggest producer of palm oil will effectively ban exports of the good starting …

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FBI warns cyber attacks could impact world food supply

The top US law enforcement agency has warned of increased cyber attacks on agricultural cooperatives, saying hackers could target large-scale farms and potentially impact the world’s food supply.  The FBI’s Cyber Division issued a notice to private industry earlier this week, pointing to a growing number of ransomware attacks on …

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Ukraine unhappy with EU’s weapons supply

Ukrainian presidential advisor Mikhail Podolyak has criticized the European Union for sending Kiev the ‘wrong’ weapons amid the conflict with Russia. Taking to Twitter on Saturday to express his frustration both over what weapons are being supplied and the pace of deliveries, Podolyak offered a reminder that Ukraine keeps asking …

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Germany explains limits to Ukraine weapons supply

Germany has to do “everything” to support Ukraine but that does not mean sending just any weapons it has in its stockpiles to Kiev, Eva Hoegl, the Bundestag’s commissioner for the Armed Forces, told Handelsblatt daily on Wednesday. Berlin has already been doing “more than suggested in the public debate” …

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Get ready for global oil supply shock – IEA

Russia could be forced to cut crude production by nearly a third starting next month, as traders are reportedly reluctant to buy oil from the country amid Western sanctions, the International Energy Agency warned on Wednesday. “The prospect of large-scale disruptions to Russian oil production is threatening to create a …

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US pledges to cover Russia’s gas supply to Europe

If the Russian supply of natural gas to the rest of Europe is cut off due to an escalation in Ukraine, America is fully committed to making up the shortfall with liquefied natural gas (LNG), US President Joe Biden said on Monday. Speaking at a joint press conference with German …

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#BareShelvesBiden trends in US over supply issues

#BareShelvesBiden became one of Twitter’s top political trending topics as Americans posted photos of empty supermarket shelves amid continuous supply chain issues in the US. Angry social media users displayed photos of empty supermarket shelves from the across the US and blamed President Joe Biden for the supply issues, with …

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Kazakhstan, Libya supply cuts push oil higher

Oil prices were up on Monday following days of supply shortfalls in Kazakhstan and Libya. Global benchmark Brent crude gained 35 cents, or 0.4%, rising to $82.1 a barrel at 08:00 GMT. US benchmark West Texas Intermediate was also up 37 cents, or 0.5%, trading at $79.27 a barrel. Overall, oil …

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Claims Russia ‘choking’ European gas supply are ‘lies’ – Gazprom

“All accusations alleging that we undersupply gas to the European market are absolutely baseless, unacceptable and inconsistent with reality,” Gazprom’s spokesman, Sergey Kupriyanov, told journalists, adding that all such statements are nothing but “lies.” The heated statement came in response to accusations leveled against Moscow by some Western officials earlier …

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