OPEC edged higher as bearish news mounts

This week finally saw good news for oil consumers. OPEC and the International Energy Agency lowered their demand forecasts, suggesting that prices finally had significant downside potential. But OPEC is ready to change course. “Tough new lockdown measures amid China’s surge in Covid cases have led to a downward revision to our expectations for global … Read more

New EU sanctions on Russia to target Sberbank, says commission chief

The logo is displayed at an office of Russia’s biggest lender Sberbank in Moscow, Russia December 24, 2020. REUTERS/Maxim Shemetov Join now for FREE unlimited access to Reuters.com Register FRANKFURT, April 16 (Reuters) – Upcoming European Union sanctions against Russia will target banks, particularly Sberbank (SBER.MM), as well as oil, European Commission President Ursula von … Read more

Russian oligarch Deripaska’s yacht arrives in Turkish waters

ISTANBUL, April 16 (Reuters) – A yacht linked to Russian aluminum tycoon Oleg Deripaska arrived in a bay near the southwestern Turkish resort of Gocek on Saturday, as other Russian billionaires are heading to Turkey to escape Western sanctions following the Russian invasion of Ukraine. Deripaska, founder of Russian aluminum giant Rusal (RUAL.MM), has been … Read more

Ukrainian railways limit exports of some staple foods, consultancy says

Ears of wheat are seen in a field near the village of Hrebeni in Kyiv region, Ukraine July 17, 2020. Picture taken July 17, 2020. REUTERS/Valentyn Ogirenko/File Photo Join now for FREE unlimited access to Reuters.com Register KYIV, April 16 (Reuters) – Ukraine’s state-owned railway company has temporarily restricted the transport of some agricultural goods … Read more