カテゴリー: Commodities
From farms in New Zealand to factories in Delhi, the effects of the oil crisis triggered by the Iran war are rippling across Asia Continue reading…
PM Sanae Takaichi says about 80m barrels of stockpiled oil to be provided to refiners – equivalent to 45 days of domestic demand • Middle East crisis – live updatesJapan will begin the biggest-ever release of oil from its strategic reserves this week, …
From a shop owner in India to a community worker in New South Wales, rising fuel prices are forcing people to ration oil usageMiddle East crisis – live updatesAlagesan, 35, needs liquefied petroleum gas (LPG) to run his roadside drink and snack shop in…
As other Asian economies race to conserve energy, China has huge reserves of oil and gas as well as alternative energy sources like wind and solarMiddle East crisis – live updatesXi Jinping has been preparing for a crisis like this for years. China mus…
US president says it is ‘only appropriate’ for Europe to help, and warns failure to do so would be ‘very bad’ for NatoMiddle East crisis – live updatesDonald Trump has ratcheted up the pressure on European allies to help protect the strait of Hormuz, w…
Crew of Thai-registered bulk carrier forced to flee fire, as US says it has destroyed 16 Iranian mine-laying vesselsMiddle East crisis live – latest updatesThree merchant ships have been struck in and around the strait of Hormuz, including a Thai regis…
‘Stopgap measure’ designed to keep oil flowing into global market as Middle East crisis disrupts crude shipmentsBusiness live – latest updatesThe US has temporarily allowed India to buy Russian oil currently stuck at sea in an effort to keep global sup…
Parent company says the bullion created a ‘sumptuous atmosphere’ but current market conditions offered a ‘good opportunity’ to sell itThe Grand Emperor hotel in Macau has ripped up and sold the gold bricks lining its lobby floor, earning nearly $13m (£…
Trump again called for Venezuela’s president to leave power and said the US would keep or sell the oil it had seizedChina and Russia have expressed support for Venezuela as it confronts a US blockade of sanctioned oil tankers, while Donald Trump contin…
The US president claimed Modi had assured him of deal, but Indian officials insist no such conversation took placeIndia has cast doubt on claims by Donald Trump that its prime minister, Narendra Modi, had agreed to stop buying Russian oil.On Wednesday,…
Announcement of deal baffles experts and former ministers, who say there is no sign of any untapped reservesThe newfound camaraderie between the US and Pakistan was on full display this week as Donald Trump welcomed Pakistan’s prime minister, Shehbaz S…
US president has been unusually reticent about plans to punish Russia if it does not agree to end Ukraine warEurope live – latest updatesAfter taking six months to conclude that Vladimir Putin may not be a kindred transactional authoritarian leader but…
No pause on Russian imports by Indian oil firms who base decisions on ‘price, grade of crude, logistics and economic factors’Indian oil refineries will continue to buy oil from Russia, officials have said, before threatened US sanctions next week again…
Zelenskyy is likely to visit the US this week to sign a deal on Ukraine’s rare earth minerals, according to TrumpVolodymyr Zelenskyy appears likely to visit the White House on Friday to sign a critical minerals deal, Donald Trump has said, after Ukrain…
Documentary shows the gruelling labour put in by a married couple wringing out drops of black gold as their son looks for a different livingIn Saeed Taji Farouky’s impressionistic documentary, the act of manual labour gains a sensorial, almost celestia…