global-economy
Top StoriesShell Ceo: No Way to Trace Russian Crude Refined Overseas
Top StoriesOil Climbs on Supply Jitters as EU Plans Russian Oil Ban
InvestingOil Prices Fluctuate Amid Supply Constraints and Demand Concerns
InvestingFactbox – Global Edible Oil Markets Simmer After Shock Indonesia Ban
Oil Rises as Libya Outages Add to Russia Supply Fears
Date: April 18, 2022
By Yuka Obayashi and Alex Lawler LONDON (Reuters) -Oil prices rose on Monday in choppy trade, with Brent crude topping $112 a barrel, as outages in Libya deepened concern over tight global supply and the Ukraine crisis dragged on, offsetting concern over slowing Chinese demand. Adding to supply pressures from sanctions on Russia, Libya’s National...
Russian Finance Minister to Attend G20 Meeting Virtually, Indonesia Says
Date: April 14, 2022
JAKARTA (Reuters) -G20 host Indonesia said on Thursday Russian Finance Minister Anton Siluanov had confirmed he plans to attend virtually next week’s meeting of finance ministers and central bank governors from the Group of 20 major economies. Indonesian finance ministry official Wempi Saputra also told a briefing that Jakarta was considering whether to invite Ukraine...
Food Prices Hit Record High in March, U.N. Agency Says
Date: April 8, 2022
By Gus Trompiz PARIS (Reuters) -World food prices jumped nearly 13% in March to a new record high as the war in Ukraine caused turmoil in markets for staple grains and edible oils, the U.N. food agency said on Friday. The Food and Agriculture Organization’s (FAO) food price index, which tracks the most globally traded...
Oil Rises From 3-week Low as Supply Concerns Linger
Date: April 7, 2022
By Ahmad Ghaddar LONDON (Reuters) -Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, with worries over tight supplies still clouding the market outlook. Brent crude futures were up $1.19, or 1.2%, at $102.26 a barrel at 1306...
Yellen Says Russia Should Be Expelled From G20, U.S. May Boycott Some Meetings
Date: April 7, 2022
By David Lawder and Dan Burns (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that Russia should be expelled from the Group of 20 major economies forum, and the United States will boycott some G20 meetings if Russian officials show up. Yellen, who spoke at a U.S. House Financial Services Committee hearing, was referring...
Markets in Q1: Invasion and Inversion Shake World Order
Date: March 30, 2022
By Marc Jones LONDON (Reuters) – Investors had hoped 2022 would be the year when the market recovery from COVID-19 finally got cemented and life started to feel a little more normal. Boy were they wrong. Russia’s invasion of Ukraine combined with supercharged global inflation have ignited talk of new geopolitical and economic world orders,...