global-economy
Top StoriesRusal’s Guinea Bauxite Exports Grind to a Halt Amid Ukraine Crisis
InvestingOPEC Flags Risk to Oil Demand Outlook From Ukraine War, Inflation
InvestingOil Plunges on Easing Supply Concerns, China Covid Cases
InvestingOil Falls 8% on Russia-Ukraine Talk Hopes, China Lockdowns
Food Crisis Grows as Spiralling Prices Spark Export Bans
Date: March 9, 2022
By Nigel Hunt LONDON (Reuters) – A global food crisis sparked by Russia’s invasion of Ukraine escalated on Wednesday as Indonesia tightened curbs on palm oil exports, adding to a growing list of key producing countries seeking to keep vital food supplies within their borders. The conflict in Ukraine is threatening global grain production, the...
China’s Economic Stability Can Support Global Growth Amid Ukraine Crisis- Citigroup
Date: March 8, 2022
(Reuters) – The Russia-Ukraine crisis will dent global growth as oil and commodity prices soar, but the hit will be somewhat cushioned by China’s push for economic stability and the strength of the U.S. labor market, Citigroup analysts said. Oil and other commodity prices have sky-rocketed and markets have been heavily volatile since Russia’s invasion...
Oil Price Soars on Talks About Russia Oil Ban, Iran Deal Delay
Date: March 7, 2022
By Bozorgmehr Sharafedin and Scott DiSavino LONDON (Reuters) -Oil prices spiked to their highest levels since 2008 on Monday amid market supply fears as the United States and European allies considered banning Russian oil imports and prospects for a swift return of Iranian crude to global markets receded. Brent crude reached $139.13 a barrel and...
Oil Prices Hit Multi-Year Highs as Supply Tightens
Date: March 3, 2022
By Shadia Nasralla LONDON (Reuters) – Benchmark Brent crude oil prices climbed close to $120 a barrel on Thursday, with Russian oil exports disrupted as traders try to avoid becoming entangled in sanctions. Support also came from U.S. crude stockpiles at multi-year lows, helping to lift Brent crude futures as high as $119.84 a barrel...
Global Oil Tanker Rates Jolt Higher on High Fuel Prices, Risk Premiums
Date: February 25, 2022
By Koustav Samanta, Florence Tan and Laura Sanicola SINGAPORE (Reuters) -Oil tanker rates are soaring globally as traders scramble to cope with jitters over possible disruption in Russian supplies, as well as war risk premiums for ships plying the Mediterranean region following Moscow’s invasion of Ukraine. Shipowners are also grappling with higher fuel costs after...
Lng Market Supply-Demand Balance to Remain Tight in 2022, Says Shell
Date: February 22, 2022
By Marwa Rashad and Ron Bousso LONDON (Reuters) -The global liquefied natural gas (LNG) market is expected to remain tight this year following last year’s volatility which saw demand rise 6% and gas prices hit an all-time high, Shell said on Monday. Natural gas prices around the world soared late last year due to a...