Month: March 2022
EU’s gas, coal and oil imports from Russia since beginning of war nears €17 billion
The European Union’s (EU) natural gas, oil and coal imports from Russia since the beginning of the war in Ukraine have hit approximately €17 billion ($18.7 billion), according to data collated by Anadolu Agency on Monday from live tracker published…
Saudi Aramco’s full-year profit more than doubles on soaring oil prices
Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion. Aramco’s 2021 net income increased by 124% to $110 billion…
LME nickel more than doubles, tops $100,000T on Russia supply risks
The London Metal Exchange (LME) cancelled nickel trading on Tuesday after an unprecedented 250% price spike triggered by Western sanctions against Russia. Soared To A Record Prices for the metal, mainly used in stainless steel,…
U.S. crude oil tops $130 a barrel, a 13-year high on possible Western ban of Russian oil
U.S. crude oil surged more than 8% in early trading on Sunday evening as the market continued to react to supply disruptions stemming from Russia’s ongoing invasion of Ukraine and the possibility of…